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Top News & Analysis Omaha

  • TORONTO, June 23- Canada's main stock index rallied on Friday as index heavyweights like energy and mining shone, while BlackBerry Ltd shares suffered its biggest one-day drop in 2-1/ 2 years after disappointing first quarter sales. Enbridge Inc rose 1.2 percent to C $52.22, while Suncor Energy advanced 1.1 percent to C $38.52 as oil prices bounced from 10- month...

  • June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...

  • Warren Buffett

    Warren Buffett's Midas touch just gave this Canadian company's stock a 10% boost. And, he made a cool 65% profit in the process, writes Breakingviews' Tom Buerkle.

  • Berkshire Hathaway Inc's commitment of a C $2 billion credit facility to Home Capital Group Inc, Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview. "Today's announcement is a...

  • OMAHA, Neb.— Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock. Toronto- based Home Capital has struggled with liquidity issues since Canadian regulators announced in April they were investigating the mortgage lender.

  • OMAHA, Neb.— The long-delayed $62 billion merger of chemical giants DuPont and Dow has been approved by U.S. antitrust regulators. The Justice Department said Thursday it would approve the deal as long as the companies sell off some herbicide and chemical units to preserve competition. The new company will be called DowDuPont and have dual headquarters in...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, the underwriting agency for the bonds said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S.,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • June 8- Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California for workers' compensation coverage. The settlement announced by California's Department of Insurance on Thursday resolves charges that Applied...

  • June 8- Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California for workers' compensation coverage. The settlement announced by California's Department of Insurance on Thursday resolves charges that Applied...

  • NEW YORK, May 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.. Berkshire's sale of its $251 million Fox stake came several months after the parent of Fox News became embroiled in a sexual harassment scandal,...

  • MEXICO CITY/ CHICAGO, May 12- Mexico's growing beef industry is targeting Muslim consumers in the Middle East for its prime cuts as it seeks to reduce dependence on buyers in the United States. The potential for a U.S.- Mexico trade war under President Donald Trump has accelerated efforts by Mexican beef producers to explore alternative foreign markets to the...

  • MEXICO CITY/ CHICAGO, May 12- Mexico's growing beef industry is targeting Muslim consumers in the Middle East for its prime cuts as it seeks to reduce dependence on buyers in the United States. The potential for a U.S.- Mexico trade war under President Donald Trump has accelerated efforts by Mexican beef producers to explore alternative foreign markets to the...

  • OMAHA, Neb., May 9- It has been decades since anyone thought of Warren Buffett's Berkshire Hathaway Inc, or even its insurance operations, as "very, very small." The biBERK chief operating officer, Rakesh Gupta, said the year-old operation, known as "Cover Your Business" until a March name change that could benefit from Berkshire's cachet, was the brainchild of Ajit Jain,...

  • OMAHA, Neb., May 8- Katie Ryerson and her father took a train from their hometown of Columbus, Ohio, to Omaha, Nebraska, for her first Berkshire Hathaway Inc shareholder meeting, a weekend the conglomerate's billionaire chief Warren Buffett calls " Woodstock for Capitalists." They were part of a crowd expected to top last year's estimated 37,000. Shareholders filled...

  • May 6- Berkshire Hathaway Inc Chairman Warren Buffett on Saturday fumed that healthcare costs are eating away at the U.S. economy like "tapeworm" and said the Republican approach to overhaul Obamacare is a tax cut for the rich. The U.S. House of Representatives on Thursday narrowly approved a bill to repeal and replace Obamacare, a victory for Republican...

  • OMAHA, Neb., May 6- Berkshire Hathaway Inc shareholders on Saturday rejected a proposal to have the conglomerate run by Warren Buffett disclose its political contributions twice a year. The billionaire nonetheless expressed sympathy for the proposal at Berkshire's annual meeting, expressing strong opposition to the U.S. Supreme Court's 2010 decision in the...