Top News & Analysis Omaha

  • 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,...

  • Warren Buffett

    Warren Buffett vigorously defended his long-standing investment in Coca-Cola, rejecting critics who say the company's drinks are harmful.

  • 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...

  • WEDNESDAY, APRIL 6 ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before a Homer Jones Memorial Lecture event- 2230 GMT. CLEVELAND- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the U.S. and regional economic outlook and monetary policy before a joint Cleveland Association for Business...

  • TUESDAY, APRIL 5 ARLINGTON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "Future of Business" before the University of Texas at Arlington Business Week Executive Dinner- 0000 GMT. HONG KONG- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Credit Suisse...

  • BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks on "A View on Cybersecurity and Financial Stability from the CEO" before the Federal Reserve Bank of Boston 2016 Cyber security Conference- 1415 GMT. OTTAWA- Bank of Canada will release its business outlook survey, a summary of interviews conducted by the central bank's regional offices...

  • FRIDAY, APRIL 1 NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economic outlook and monetary policy before the New York Association for Business Economics- 1700 GMT. OTTAWA- The Bank of Canada will release its business outlook survey, a summary of interviews conducted by the central bank's regional offices with the senior...

  • Warren works the floor

    Billionaire Warren Buffet talks to people on the floor of the Bershire Hathaway meeting this weekend in Omaha.