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Top News & Analysis Omaha

  • Jan 31- The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election.

  • 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...

  • 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...

  • Nov 4- Berkshire Hathaway Inc on Friday said third-quarter profit fell 24 percent from a year earlier, when it recorded a large one-time gain, though operating profit grew at the conglomerate run by billionaire Warren Buffett. 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...

  • *Wall St up slightly as investors await election. NEW YORK, Nov 4- Global equity markets slipped amid investor concerns about the outcome of the U.S. presidential election on Nov. 8, while oil prices remained weak on concerns about surging inventories and whether OPEC members will adhere to planned production limits. The index hit a 4- month low, but found some...

  • DETROIT, Oct 20- The top executive of railroad Union Pacific Corp said on Thursday that despite negative election campaign rhetoric about free trade agreements, they have benefited the U.S. economy and he is optimistic Congress will pass the Trans Pacific Partnership. Trump also has railed against the North American Free Trade Agreement with Canada and...

  • DETROIT, Oct 20- No. 1 U.S. railroad Union Pacific Corp on Thursday reported a lower quarterly net profit that missed expectations as freight volumes fell 6 percent and warned of continued business challenges, including a strong U.S. dollar and soft demand for consumer goods. The Omaha, Nebraska company's earnings miss came despite posting slightly...

  • Sept 23- Green Plains Inc, one of the largest U.S. ethanol producers, on Friday said that China's decision to slap anti-dumping duties on U.S. distillers dried grains won't hurt business. "We still expect China to take volumes," Todd Becker, president and chief executive officer said in an emailed statement. China's Ministry of Commerce made its preliminary ruling...

  • Sept 20- Todd Combs, one of Warren Buffett's stockpicking deputies at Berkshire Hathaway Inc, has joined the board of JPMorgan Chase& Co, expanding the conglomerate's already deep ties to the financial services industry. Buffett has credited him with triggering Berkshire's largest acquisition, the $32.1 billion takeover in January of aircraft parts maker...

  • NEW YORK, Sept 2- U.S. shares inched higher and European shares rallied on Friday after weaker-than-expected U.S. jobs data gave the Federal Reserve more leeway to stand pat on interest rates, while the dollar gained and longer-dated Treasury yields edged up. U.S. nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July,...