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Top News & Analysis Omaha

  • April 12- Warren Buffett's Berkshire Hathaway Inc withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo& Co above 10 percent, and is instead selling 9 million shares to keep it below that threshold. Wells Fargo has been beset since September by a scandal over its creation of unauthorized customer accounts.

  • *March U.S. jobs growth lowest since last May. NEW YORK, April 7- Wall Street's three major indexes edged lower on Friday in a choppy session as investors grappled with a weaker-than-expected job report, the U.S. airstrike in Syria and a top Federal Reserve official's comments on trimming the U.S. central bank's balance sheet. The market rallied sharply after...

  • NEW YORK, April 7- Wall Street's three major indexes were virtually unchanged on Friday but fell well below session highs in late-afternoon trading after a key Federal Reserve official shed more light on the Fed's plan to reduce its balance sheet while investors digested a weak jobs report. New York Fed President William Dudley discussed the U.S. central...

  • *Raytheon, Lockheed gain after US strikes on Syria. April 7- U.S. stocks dipped in volatile trading on Friday morning as a disappointing U.S. jobs report added to investors' nervousness following a U.S. missile strike on Syria. The United States fired several missiles late on Thursday at an airfield in Syria from which a deadly chemical attack was launched earlier...

  • April 6- An insurance unit of Warren Buffett's conglomerate Berkshire Hathaway Inc said it has sued Goodyear Tire& Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for seven years. About 62,000 claims are pending against Goodyear in states including Florida, Maryland, New York, Pennsylvania and Texas over...

  • April 3- Coca-Cola Co is putting the likeness of Warren Buffett on Cherry Coke cans in China, hoping to benefit from its biggest shareholder's popularity in the country. It launched Cherry Coke in China on March 10. Buffett has many fans in China, which often sends a large contingent to watch him at Berkshire's annual meetings in Omaha, Nebraska.

  • Jeff Bezos

    Jeff Bezos, Amazon.com founder and CEO, is now the second-richest person on the planet, besting Warren Buffett of Berkshire Hathaway.

  • March 17- Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world's second-richest person safe. Berkshire said Buffett's salary in 2016 was $100,000, the same amount he has received for more than a quarter century, while the cost of providing him with home and...

  • *Americans eat 70 mln lbs of corned beef on St. Patrick's Day. CHICAGO, March 15- In recent weeks, the U.S. meat industry has found itself wrestling with a culinary conundrum: Would American Roman Catholics be able to eat corned beef this St. Patrick's Day? At least 80 of the nearly 200 U.S. Catholic dioceses have issued some form of exemption on avoiding meat on St....

  • President Barack Obama awards the Medal of Freedom to recipient Warren Buffett during a ceremony to present the awards at the White House in Washington February 15, 2011.

    Former President Barack Obama stopped in Omaha, Nebraska, Sunday to meet with billionaire Warren Buffett, the Omaha World-Herald reports.

  • Feb 28- Warren Buffett's Berkshire Hathaway Inc will urge shareholders to reject a proposal by a Nebraska nonprofit that it sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years, the nonprofit said on Tuesday. The Nebraska Peace Foundation, which focuses on anti-war, civil rights and environmental issues,...

  • LONDON, Feb 27- U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. My guess is yes, but who knows when... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an...

  • Feb 25- Berkshire Hathaway Inc shareholders might have been forgiven on Saturday for looking at the company's annual report and wondering why some $56 billion of cash appeared to vanish. In his annual shareholder letter, Buffett said Berkshire has about $86 billion of cash and equivalents, roughly triple the $28 billion shown on the cash flow statement.

  • Feb 25- Warren Buffett on Saturday used part of his annual letter to Berkshire Hathaway Inc shareholders to defend the businesses practices of one of his conglomerate's lesser-known but more controversial operating units: Clayton Homes. The mobile home unit, which Berkshire bought for $1.7 billion in 2003, came under fire in reports two years ago in the...

  • Feb 25- Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell. For the fourth quarter, Berkshire's net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, a year earlier,...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. Known to fans as "the Oracle of Omaha," he estimated that the search for outperformance...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment industry on Saturday, saying investors should "stick with low-cost index funds." Buffett, whose annual letter is scrutinized by investors who...

  • Feb 25- Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell. For the fourth quarter, Berkshire's net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, a year earlier,...

  • Net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, in the comparable quarter the previous year. Quarterly operating profit fell 6 percent to $4.38 billion, or $2,665 per share, from $4.67 billion, or $2,843 per share. Operating profit rose just 1 percent to $17.58 billion, despite January's $32.1 billion purchase of...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment management industry on Saturday, saying investors should "stick with low-cost index funds." During the financial crisis, Buffett bet a founder of the...