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Top News & Analysis Omaha

  • OMAHA, Neb., May 6- Warren Buffett on Saturday faulted Wells Fargo& Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a national scandal. Wells Fargo, whose largest shareholder is Berkshire with a 10 percent stake worth $27 billion, gave employees too much autonomy to engage in "cross-selling"...

  • OMAHA, Neb., May 6- Warren Buffett on Saturday faulted Wells Fargo& Co's previous management for failing to take action immediately upon learning that its employees were signing up customers for bogus accounts, causing a national scandal. Buffett spoke at the annual meeting of Berkshire Hathaway Inc, which he chairs, and where he and Vice Chairman Charlie Munger...

  • May 6- Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska. The weekend known as "Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire's image and...

  • OMAHA, Neb., May 6- Warren Buffett on Saturday faulted Wells Fargo& Co's previous management for failing to take action immediately upon learning that its employees were signing up customers for accounts they did not want. Speaking at Berkshire's annual meeting, where Buffett and Vice Chairman Charlie Munger are fielding five hours of questions from...

  • May 6- Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska. Below are a few of the comments from Buffett, the "Oracle of Omaha," on topics ranging from Wells Fargo to celebrating a pioneer of...

  • WARREN BUFFETT AND CHARLIE MUNGER TAKE THE STAGE AT THE BERKSHIRE HATHAWAY ANNUAL MEETING IN OMAHA.

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or...

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, on Friday reported a 27 percent decline in first-quarter profit, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or...

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, on Friday said first-quarter profit fell 27 percent, reflecting a big decline in investment gains. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or $3,401, a year earlier. Operating profit, which excludes investment and...

  • May 3- As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as " Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire's image and success at...

  • May 3- Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc, will this weekend welcome thousands of people from around the world to Omaha, Nebraska, for the conglomerate's annual shareholder gathering, the largest in corporate America. -Market value: nearly $410 billion as of May 2, 2017. -Stock price: $249,000 per Class A share as of May 2, 2017,...

  • April 27- Duracell, a unit of Warren Buffett's Berkshire Hathaway Inc, on Thursday filed a lawsuit accusing a Missouri wholesaler of illegally selling gray market versions of its copper-top alkaline batteries. According to a complaint filed in federal court in Chicago, JRS Ventures Inc is importing and selling batteries made in China that were intended for...

  • "The stabilization that we're seeing in the market is much more driven by the price of natural gas as a competitive fuel," Chief Executive Lance Fritz told Reuters after the Omaha, Nebraska- based railroad reported a better-than-expected first-quarter profit that was boosted by a 25 percent increase in coal revenue. He said he was also optimistic that the North...

  • DETROIT, April 27- Union Pacific Corp on Thursday reported better-than-expected quarterly profit, lifted in particular by a 25 percent jump in coal freight volume, and said it expects its freight business to grow in the low single digits in 2017.. Union Pacific said it expects to improve its operating ratio, a key metric for Wall Street that measures expenses as a...

  • The Omaha, Nebraska- based company said on Thursday freight revenue from coal surged 25 percent in the first quarter ended March 31. Union Pacific's net income rose to $1.07 billion, or $1.32 per share, in the first quarter, from $979 million, or $1.16 per share, a year earlier. Analysts on average had expected first-quarter profit of $1.23 per share, and revenue of...

  • *Doubts over OPEC effectiveness despite Saudi comments. NEW YORK, April 26- Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing...

  • *Doubts over OPEC effectiveness despite Saudi comments. NEW YORK, April 26- Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after prices slid for several days on worries that a global crude glut was persisting despite cuts in output by...

  • NEW YORK, April 26- What makes couples want to split after decades of marriage? "They look at their spouses and say:' I have between 20 and 30 years left, and I don't want to spend it with you,'" says John Slowiaczek, a divorce lawyer in Omaha, Nebraska, who is president of the American Academy of Matrimonial Lawyers. Nevertheless, the number of so-called "gray divorces" of those...

  • BUFFALO, New York, April 21- Laicie Manzella lived in a rundown house on Buffalos east side when three of her children tested with dangerously high levels of lead in their blood. A Reuters investigation found at least four city zip codes here where 40 percent of children tested from 2006 to 2014 had high lead levels, making Buffalo among the most dangerous lead...

  • Neligh, NEBRASKA, April 19- When President Donald Trump handed TransCanada Pipeline Co. a permit for its Keystone XL pipeline last month, he said the company could now build the long-delayed and divisive project "with efficiency and with speed." But Trump and the firm will have to get through Nebraska farmer Art Tanderup first, along with about 90 other landowners...