Top News & Analysis Omaha

  • OMAHA, Neb.— New Warren Buffett documentary will be shown in billionaire investor's hometown of Omaha. The Omaha premiere comes one week ahead of when the film will debut on HBO. Buffett and his family is expected to attend the Omaha event at the Holland Performing Arts Center Monday night.

  • NEW YORK, Jan 20- American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written. Berkshire's National Indemnity Co unit, led by Buffett's reinsurance chief Ajit Jain, will take on 80 percent of net losses in excess of...

  • NEW YORK, Jan 20- American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written. Berkshire's National Indemnity Co unit will take on 80 percent of net losses in excess of the first $25 billion, with a maximum...

  • Shares of CSX Corp., based in Jacksonville, Florida, jumped more than 20 percent to sell for $44.90 in afternoon trading Thursday. A year ago, Harrison led a failed Canadian Pacific bid to acquire Norfolk Southern railroad. Canadian Pacific abandoned its roughly $30 billion bid for Norfolk Southern Corp. after encountering opposition from the railroad,...

  • OMAHA, Neb.— Union Pacific's fourth-quarter profit grew 2 percent as the railroad cut costs to offset a 3 percent decline in shipments. Union Pacific Chairman and CEO Lance Fritz said higher energy prices, favorable agricultural markets and improving consumer confidence all suggest railroad shipping volumes will grow this year. Edward Jones analyst Dan...

  • OMAHA, Neb.— Canadian Pacific Railway Ltd. is accelerating the retirement of CEO Hunter Harrison by about six months after he inquired about the possibility of working with other major freight railroads. The Calgary, Alberta, railroad said Wednesday that Harrison will forfeit roughly 118 million Canadian dollars in stock options and pension benefits as part...

  • OMAHA, Neb.— CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms. The Jacksonville, Florida- based railroad offered a somewhat optimistic outlook Wednesday, a day after reporting a $458 million fourth-quarter profit. CSX CEO Michael Ward said...

  • OMAHA, Neb.— Online brokerage TD Ameritrade's quarterly profit increased two percent in the last three months of 2016 when trading spiked after the election and the Federal Reserve raised interest rates. TD Ameritrade Holding Corp. said it generated $216 million net income, or 41 cents per share in its fiscal first-quarter. TD Ameritrade CEO Tim Hockey said the...

  • OMAHA, Neb.— CSX Corp.' s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak. The Jacksonville, Florida- based railroad said Tuesday it generated $458 million in net income, or 49 cents per share, in the fourth quarter. That's down from $466 million net income, or 48 cents per share, a year earlier.

  • The eight tycoons' net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activists Oxfam in a report highlighting income inequality. Gates co-founded Microsoft in the mid-70s, growing it into the world's biggest software company and helping to make computers a household item. He quit as CEO in 2000 and pledged to devote his fortune to his...

  • NEW YORK, Jan 11- "I like numbers," Warren Buffett says in an upcoming HBO documentary about his life. That life is now the subject of "Becoming Warren Buffett," which is being previewed for journalists this week ahead of its Jan. 30 airing on Time Warner Inc's HBO. President Richard Nixon and media mogul Oprah Winfrey, the documentary was largely narrated by Buffett and...

  • Dec 5- Warren Buffett's Berkshire Hathaway Inc could get a $29 billion boost to its book value if President-elect Donald Trump is able to slash the U.S. corporate tax rate to 15 percent from 35 percent, Barclays Capital wrote on Monday. Trump's proposed reduction could help Berkshire lower its net deferred tax liability to $21.6 billion from $50.5 billion,...

  • Dec 2- A Nebraska nonprofit on Friday said it will propose that Warren Buffett's Berkshire Hathaway Inc sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years. The Nebraska Peace Foundation, which focuses on anti-war, civil rights and environmental issues, said it submitted a formal proposal for Berkshire...

  • NEW YORK, Nov 14- Warren Buffett's Berkshire Hathaway Inc on Monday said it has bought shares in the four biggest U.S. airlines: American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc.. According to a regulatory filing, Berkshire as of Sept. 30 owned 21.8 million American shares worth $797 million, 6.3 million...

  • Nov 11- Berkshire Hathaway Inc shares posted one of their best weeks in years, soaring 9.5 percent and touching a record high, even though Chairman Warren Buffett's choice for the White House, Hillary Clinton, was defeated by Donald Trump. The conglomerate's Class A shares closed on Friday up $1,110 at $234,860, a day after surpassing their record set in December...

  • Warren Buffett

    Billionaire investor and staunch Hillary Clinton-supporter Warren Buffet offers rides to voters who need a lift in Omaha, Nebraska, NBC News reports.

  • Quarterly net income for Omaha, Nebraska- based Berkshire fell to $7.2 billion, or $4,379 per Class A share, from $9.43 billion, or $5,737 per share, a year earlier. Operating profit, which excludes investment and derivative gains and losses, rose 7 percent to $4.85 billion, or $2,951 per share, from $4.55 billion, or $2,769 per share. Results included a $1.6 billion...

  • Quarterly net income for Omaha, Nebraska- based Berkshire fell to $7.2 billion, or $4,379 per Class A share, from $9.43 billion, or $5,737 per share, a year earlier. Operating profit, which excludes investment and derivative gains and losses, rose 7 percent to $4.85 billion, or $2,951 per share, from $4.55 billion, or $2,769 per share. This year's results included a $1.6...

  • Quarterly net income for Omaha, Nebraska- based Berkshire fell to $7.2 billion, or $4,379 per Class A share, from $9.43 billion, or $5,737 per share, a year earlier. Operating profit rose 7 percent to $4.85 billion, or $2,951 per share, from $4.55 billion, or $2,769 per share, but fell short of the average $3,058.10 per share forecast of analysts polled by Thomson...

  • Quarterly net income for Omaha, Nebraska- based Berkshire fell to $7.2 billion, or $4,379 per Class A share, from $9.43 billion, or $5,737 per Class A share, a year earlier. Operating profit rose 7 percent to $4.85 billion, or $2,951 per share, from $4.55 billion, or $2,769 per share, but fell short of the average $3,058.10 per share forecast of analysts polled by Thomson...