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  • As they travel through Santa Teresa, a border-crossing port of entry and unincorporated town, they pass millions of square feet of warehouses that store steel coil, wind turbine blades and specialty glass. Now the nonprofit group that operates Santa Teresa is working to transform the area from a place where people work into one where they might put down roots.

  • May 20- The General Re unit of Warren Buffett's Berkshire Hathaway Inc on Friday named longtime reinsurance executive Kara Raiguel as its new chief executive officer, replacing the retiring Tad Montross. Raiguel will report to Ajit Jain, who oversees Berkshire Hathaway Reinsurance Group and has long been viewed as a potential successor to Buffett at...

  • OMAHA, Neb. _ Gordmans Stores Inc. on Friday reported a fiscal first-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier. For the current quarter ending in August, Gordmans Stores said it expects revenue in the range of $139 million to $142 million. Keywords: Gordmans Stores, Earnings Report.

  • OMAHA, Neb.— Investors might question Warren Buffett's long-standing aversion to tech stocks after his Berkshire Hathaway bought 9.8 million shares of Apple. Buffett has always avoided technology companies because he said it was too hard to pick which ones would prevail long term, although he made an exception to that rule to buy a major IBM stake in 2011..

  • May 13- NetJets, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc, agreed to settle U.S. charges that it discriminated against immigrant workers by requiring them to provide extra documents to prove their employment eligibility. The settlement calls for NetJets to be monitored by the U.S. Department of Justice for two years, improve training of...

  • May 6- Warren Buffett's Berkshire Hathaway Inc said on Friday it recently learned that one of its foreign units made sales through a third-party distributor to customers in Iran, despite U.S. sanctions against that country. It said the customers "include or may include parties that meet the definition of the' Government of Iran." In August 2012, President Barack...

  • Net income for Berkshire rose to $5.59 billion, or $3,401 per Class A share, from $5.16 billion, or $3,143 per share. Operating profit fell 12 percent to $3.74 billion, or $2,274 per Class A share, from $4.24 billion, or $2,583 per share. Analysts on average had expected operating profit of about $2,759 per share, according to Thomson Reuters I/B/E/S, before Berkshire...

  • OMAHA, May 2- Warren Buffett, the CEO of Berkshire Hathaway Inc, is known for his keen eye for a bargain. When not listening to the Oracle of Omaha and his partner Charlie Munger, shareholders had two days to browse and buy Berkshire's products. Dairy Queen events manager Dean Peters said those shareholders needing an ice cream fix consumed about 28,000 of its Dilly,...

  • April 30- Warren Buffett nibbled on sweets during his presentation to shareholders on Saturday but he took a bite out of hedge fund managers. "There's been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities," Buffett said, citing a simple Vanguard Group index fund that tracks the S&P 500 index of...

  • OMAHA, Neb., April 30- Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the...

  • OMAHA, Neb., April 30- Warren Buffett on Saturday said the odds were "extremely high" that his Berkshire Hathaway Inc would buy back "a lot" of its stock if the price fell below 1.2 times book value, a level it recently approached. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett also said he would consider raising the threshold "a little" if...

  • OMAHA, Neb., April 30- Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett also said overall first-quarter operating profit probably fell 12 percent to $3.73 billion from $4.24...

  • OMAHA, Neb., April 30- Warren Buffett on Saturday vigorously defended Berkshire Hathaway Inc's large, long-standing investment in Coca-Cola Co, rejecting critics who say the company's sugary drinks harm people's health. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett said it seemed "spurious" to argue that calories from Coke...

  • OMAHA, Neb., April 30- Warren Buffett on Saturday said preliminary first-quarter profit at his Berkshire Hathaway Inc fell about 12 percent, hurt by weaker performance in its railroad and insurance operations. Quarterly operating profit for the Omaha, Nebraska- based insurance and investment conglomerate probably fell to $3.73 billion from $4.24 billion.

  • NEW YORK, April 28- Warren Buffett, who pitched newspapers as a teenage delivery boy, may be entering the final stretch of his " Woodstock for Capitalists," after cutting back his involvement in the event and opening it up for an online audience. In 2015, the world's third-richest person celebrated perhaps his final milestone anniversary at Berkshire, as more than...

  • April 28- Warren Buffett and Berkshire Hathaway Inc will this weekend welcome tens of thousands of people to Omaha for the company's annual shareholder gathering, which Buffett calls "Woodstock for Capitalists." But he got angry when the term sheet showed a price 12-1/ 2 cents a share less than he agreed to. Fifty-one years later, Berkshire is an energy, insurance,...

  • CHICAGO, April 21- Union Pacific Corp on Thursday posted an unexpectedly higher first-quarter profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales. Omaha, Nebraska- based Union Pacific reported an 8 percent decline in freight volumes from a year earlier,...

  • CHICAGO, April 21- Union Pacific Corp on Thursday posted an unexpectedly better quarterly profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales. For the first quarter of 2016, Omaha, Nebraska- based Union Pacific reported an 8 percent decline in freight...

  • April 12- General Re, one of Berkshire Hathaway Inc's largest insurance units, said Chief Executive Officer Tad Montross is retiring, in a move that will expand the role of Ajit Jain, long viewed as a potential successor to Warren Buffett at Berkshire's helm. Montross, 60, will step down by year end, after serving as Gen Re's chairman and CEO since 2008, a spokeswoman...

  • DALLAS- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the World Affairs Council of Dallas/Fort Worth- 0000 GMT. FRANKFURT- European Central Bank governing council members Peter Praet, Benoit Coeure and Ignazio Visco speak at a conference. FRANKFURT- Presentation of the ECB's Annual...