Top News & Analysis Omaha

  • PHILADELPHIA— Drew Lewis, a businessman who served as U.S. transportation secretary under President Ronald Reagan during the 1981 air traffic controllers' strike, has died at age 84.. Lewis, who lived on a farm in Lower Salford, in the Philadelphia suburbs, died Wednesday in Prescott, Arizona, of complications from pneumonia, said his son, Andy Lewis.

  • Green Plains reports 4Q loss Wednesday, 10 Feb 2016 | 7:03 PM ET

    OMAHA, Neb. _ Green Plains Renewable Energy Inc. on Wednesday reported a fourth-quarter loss of $3.6 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. This story was generated by Automated Insights using data from Zacks...

  • Green Plains Partners misses 4Q profit forecasts Wednesday, 10 Feb 2016 | 7:03 PM ET

    OMAHA, Neb. _ Green Plains Partners LP on Wednesday reported fourth-quarter profit of $12.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Green Plains Partners shares have dropped 19 percent since the beginning of the year.

  • Canadian Pacific wants vote on Norfolk Southern deal Tuesday, 9 Feb 2016 | 2:25 PM ET

    OMAHA, Neb.— Canadian Pacific plans to ask Norfolk Southern shareholders whether they want the two railroads to pursue a merger. Canadian Pacific said Tuesday that it plans to submit a shareholder resolution on a possible deal at Norfolk Southern's annual meeting this spring. Norfolk Southern has sternly rejected all of Canadian Pacific's takeover offers...

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was set to open lower on Friday after data showed U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded. "I'm a little surprised the markets reacted somewhat negatively to it," said Sean Lynch, co-head of global equity strategy at Wells...

  • OMAHA, Neb.— Berkshire Hathaway has purchased nearly 1.7 million more shares of Phillips 66 to give it ownership of almost 14 percent of the oil refiner. Berkshire Hathaway owns about 90 subsidiaries in a variety of industries, including insurance, utilities, railroads, retail and manufacturing. It also holds major investments in Coca-Cola Co., Wells Fargo& Co.,...

  • West beats Street 4Q forecasts Monday, 1 Feb 2016 | 4:58 PM ET

    OMAHA, Neb. _ West Corp. on Monday reported fourth-quarter profit of $62.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Four analysts surveyed by Zacks expected $566.4 million.

  • Berkshire Hathaway annual meeting is going online Monday, 1 Feb 2016 | 3:11 PM ET

    OMAHA, Neb.— Now anyone with an Internet connection will be able to watch Warren Buffett dispense his investing insights. Berkshire Hathaway is streaming its annual meeting online for the first time ever this spring. Berkshire's Chief Financial Officer Marc Hamburg confirmed the change to the Omaha World-Herald.

  • Berkshire resumes buying Phillips 66 stock Saturday, 30 Jan 2016 | 12:14 PM ET

    Jan 30- Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed. According to a regulatory filing on Friday night, Berkshire paid about $198 million this week for 2.54 million Phillips 66 shares, its...

  • CHICAGO, Jan 21- Facing a freight recession caused by slumping commodity prices and industrial output, No. 1 U.S. railroad Union Pacific Corp said Thursday hopes of strong economic growth have so far been undermined by a key missing ingredient- the American consumer. "What's causing us some concern is it's hard to figure out where the consumer is at," Chief Executive...

  • CHICAGO, Jan 21- Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for its business. The news sent the Omaha, Nebraska- based company's shares down more than 7 percent to $68.20 in early trading.

  • CHICAGO, Jan 21- Union Pacific Corp reported a lower quarterly profit on Thursday as a slump in commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned that 2016 does not look much better for its business. "Overall economic conditions, uncertainty in the energy markets, commodity prices, and the strength of the...

  • A letter on Tuesday from Representative Maxine Waters, the top Democrat on the House Financial Services Committee, and fellow committee members Michael Capuano, Emanuel Cleaver and Keith Ellison called on the Justice Department and the Consumer Financial Protection Bureau to "pursue appropriate corrective action" against Clayton. It followed a report...

  • Federal probe sought for Buffett's mobile home unit Wednesday, 13 Jan 2016 | 10:52 AM ET

    A letter on Tuesday from Representative Maxine Waters, the top Democrat on the House Financial Services Committee, and fellow committee members Michael Capuano, Emanuel Cleaver and Keith Ellison called on the Justice Department and the Consumer Financial Protection Bureau to "pursue appropriate corrective action" against Clayton. It followed a report...

  • Dec 31- The newspaper unit of Warren Buffett's Berkshire Hathaway Inc on Thursday said it purchased The Free Lance-Star, a newspaper in Fredericksburg, Virginia, from Sandton Capital Partners. The addition of The Free Lance-Star, which has a daily circulation of 31,700, means BH Media now has 32 daily newspapers nationwide, including the Omaha World-Herald in...

  • Berkshire Hathaway unit buys Virginia newspaper Thursday, 31 Dec 2015 | 2:04 PM ET

    Dec 31- The newspaper unit of Warren Buffett's Berkshire Hathaway Inc on Thursday said it purchased The Free Lance-Star, a newspaper in Fredericksburg, Virginia, from Sandton Capital Partners. The addition of The Free Lance-Star, which has a daily circulation of 31,700, gives BH Media 32 daily newspapers nationwide, including the Omaha World-Herald in...

  • YOUR MONEY-Predictions for the 2016 housing market Monday, 28 Dec 2015 | 9:00 AM ET

    No housing expert has a crystal ball, but Svenja Gudell, recently appointed chief economist for the housing site Zillow.com, has looked at enough data to make a pretty good guess. A: Next year, the combination of unemployment, population growth and the home value growth will make markets like Boise, Idaho, Salt Lake City, Utah, and Omaha, Nebraska, stand out.

  • *Sanford DeLand UK Buffettology fund up 25.3 pct this year. LONDON, Dec 23- Forget the financial fortress of London, anyone looking for Britain's best stock-picker this year should have hopped on a train north to Manchester. As suggested by the name of his fund- Sanford DeLand UK Buffettology- Ashworth-Lord seeks to emulate the investment style of Warren Buffett,...

  • NEW YORK, Dec 1- TD Ameritrade Holding Corp, the No. 1 U.S. retail brokerage by trade executions, said on Tuesday it was moving its stock listing back to Nasdaq Inc from the New York Stock Exchange after a little over three and a half-years. The move is a vindication of sorts for Nasdaq, which had lost the TD Ameritrade listing to the NYSE, now owned by Intercontinental...

  • Nov 16- Warren Buffett's Berkshire Hathaway Inc on Monday said it reduced its stake in Goldman Sachs Group Inc by 13 percent during the third quarter, paring a successful investment it made during the height of the global financial crisis. In a U.S. Securities and Exchange Commission filing, Berkshire said it owned 10.96 million Goldman shares worth about $1.9...