OMAHA, Neb.-- Warren Buffett's company recently discovered it owns two short-line railroads that it must sell because of its 2010 acquisition of the Burlington Northern Santa Fe railroad.
The lawsuit was filed by the Oglala Sioux Tribe, which governs the Pine Ridge Indian Reservation, where alcohol is banned. Four beer stores named in the suit sold the equivalent of 4.3 million 12- ounce beer cans last year even though they're in Whiteclay, a Nebraska town with about a dozen residents on the reservation's border.
OMAHA, Neb.-- Shares of Gordmans Stores slid more than 24 percent on Monday, its biggest ever one-day drop, as the clothing and home decor company lowered its third and fourth-quarter financial forecasts because of a sales slowdown. Gordmans said Monday that its revenue at stores open at least a year fell 2.1 percent for the third quarter through Sept. 29.
OMAHA, Neb.-- Little or no economic growth is likely this year in most of the nine Midwest and Plains states covered by a survey of business leaders, but the booming oil business will continue to drive growth in North Dakota and Oklahoma, according to the report released Monday.
CNBC.com surveyed real estate agents in 18 U.S. cities to gain individual perspectives on the health of America’s local real estate markets. Check out the list!
Warren Buffett's Berkshire Hathaway is buying the owner of Omaha's daily newspaper, the World-Herald. In a news release, Buffett is quoted as saying the World-Herald "delivers solid profits and is one of the best-run newspapers in America." The release also notes that Buffett sees the purchase as "consistent" with a past owner's "vision for local ownership." The purchase is somewhat surprising, as Buffett has often conceded that while he loves newspapers, the industry doesn't have a very bright future.