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Top News & Analysis United States

  • Pruitt added the EPA's focus on combating climate change under former President Barack Obama had cost jobs and prevented economic growth, leading many Americans to want to see the EPA eliminated completely. "I think people across this country look at the EPA much like they look at the IRS. Pruitt was confirmed as EPA head last week.

  • NEW YORK, Feb 25- Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks. Some critics, including BlackRock Inc Chief Executive Officer Larry Fink, think the practice of companies buying back their own shares to boost...

  • 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...

  • BISMARCK, N.D.— The U.S. Army Corps of Engineers has moved into the evacuated Dakota Access pipeline protest camp to finish the cleanup started weeks ago by the Standing Rock Sioux Tribe. Authorities this week cleared the last holdouts from the camp near the Standing Rock Reservation, which straddles the North Dakota and South Dakota border.

  • "It's definitely a hand-off to the states," said economist Douglas Holtz-Eakin, who has reviewed the GOP plans and a recent briefing document for members of Congress. As they returned home during the recent congressional recess, some lawmakers received an earful from people concerned about possible GOP health care changes. "I'm really angry about it," said Vicki...

  • Berkshire bought $5 billion of Bank of America preferred stock carrying a 6 percent dividend, or $300 million annually, in August 2011, when many investors worried about the second-largest U.S. bank's capital needs. In his annual letter to Berkshire shareholders, Buffett said if Bank of America's current 30 cents per share annual dividend rose above 44 cents...

  • 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...

  • SAN FRANCISCO— Country singer Willie Nelson, the children of the late reggae icon Bob Marley and comedian Whoopi Goldberg are just a few of the growing number of celebrities publicly jumping into the marijuana industry and eyeing the California pot market, which is expected to explode after voters legalized the recreational use of weed.

  • 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,...

  • President Donald Trump's pick to fill a Supreme Court vacancy has heard dozens of workers' rights cases on the U.S. 10th Circuit Court of Appeals. UPS: United Parcel Service worker Carole Strickland accused UPS of sex discrimination and of retaliating against her for taking two weeks of leave under the Family and Medical Leave Act to deal with stress.

  • The case tugs at the heartstrings: A popular Kansas State University professor battles breast cancer, then leukemia. Grace Hwang's lawsuit was one of many employee cases heard by federal appeals court Judge Neil Gorsuch, President Donald Trump's pick for the Supreme Court. The majority opinion he wrote siding with Kansas State is illustrative.

  • 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...

  • OMAHA, Neb.— Warren Buffett's company says fourth-quarter profit improved 15 percent, but most of the gains came from the paper value of Berkshire Hathaway Inc.' s investments and derivatives contracts. Berkshire said it earned $6.29 billion, or $2.55 per Class B share. That's up from $5.48 billion, or $3.65 per Class B share.

  • 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...

  • OMAHA, Neb.— Investors who wanted billionaire Warren Buffett to address the current state of the world in his annual letter to Berkshire Hathaway shareholders will likely be disappointed, but they can still take some comfort in his consistently rosy long-term outlook for the U.S. economy. Investment manager Cole Smead said he felt that Buffett spent too much of...

  • Feb 25- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 15 percent from a year earlier, helped by gains from investments and derivatives. 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...

  • The number of demonstrators had dwindled from the thousands who poured into the camp starting in August to oppose the pipeline that critics say threatens the water resources and sacred land of the Standing Rock Sioux Tribe. The 1,170- mile line, built by Energy Transfer Partners LP, will move crude from the shale oilfields of North Dakota to Illinois en route to...