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Top News & Analysis Omaha

  • Aug 20- Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy instead, people familiar with the matter said. The development represents a rare blow for Buffett, who avoids bidding wars for...

  • Aug 20- Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy instead, people familiar with the matter said. The development represents a rare blow for Buffett, who avoids bidding wars for...

  • The board of bankrupt Texas utility Energy Future Holdings will meet later on Sunday to decide whether to sell its crown jewel, power transmission company Oncor, to Buffett's Berkshire Hathaway Inc or accept an opposing bid from Sempra Energy, a person familiar with the confidential deliberations said on condition of anonymity. The rival bid for Oncor was...

  • The board of bankrupt Texas utility Energy Future Holdings will meet later on Sunday to decide whether to sell its crown jewel, power transmission company Oncor, to Buffett's Berkshire Hathaway Inc or accept an opposing bid from Sempra Energy, a person familiar with the confidential deliberations said on condition of anonymity. The rival bid for Oncor was...

  • The largest railroad in the U.S. continues to cut costs, this time by laying off about 8 percent of its workforce.

  • SINGAPORE, Aug 17- Chicago wheat futures edged up on Thursday after deep losses the session before, when the market hit contract lows amid ample global supply. *Egypt, the world's largest wheat buyer, on Wednesday said it signed deals to buy 295,000 tonnes of Russian wheat and 60,000 tonnes of Ukraine wheat. *Argentina's corn planted area for the 2017-18 crop cycle...

  • The layoffs, which represent about 8 percent of its management force, will largely hit employees in Omaha, Nebraska, where the company is based, but will also affect locations across its network, the company said. "Union Pacific for some time has leveraged employee attrition and technology to reduce general and administrative costs," Chief Executive Officer...

  • CHICAGO, Aug 16- Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. CBOT December corn futures ended down 2 cents at $3.66-1/ 2 a bushel. Egypt, the world's largest wheat buyer, on Wednesday said it signed deals to buy...

  • CHICAGO, Aug 16- Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. At 10:03 a.m. CDT, CBOT December corn futures were down 3 cents at $3.65-1/ 2 a bushel. "Wheat prices in Chicago slumped from the start of the week due to...

  • OMAHA, Neb.— Union Pacific is laying off 500 managers and 250 other workers to save about $110 million annually and eliminate about 8 percent of the railroad's managers. Union Pacific CEO Lance Fritz said that eliminating open positions through attrition and improving productivity isn't enough to cut costs. Union Pacific said the layoffs are expected to...

  • OMAHA, Neb.— Warren Buffett's company has eliminated its stake in General Electric and boosted its investment in the Bank of New York Mellon Corp.. Berkshire Hathaway revealed those moves and several other changes to its U.S. stock portfolio in a filing with the Securities and Exchange Commission on Monday. Buffett's Omaha, Nebraska- based company increased its...

  • LINCOLN, Neb., Aug 10- Opponents of the Keystone XL pipeline vowed on Thursday to block construction of the controversial project if Nebraska regulators approve the proposed route later this year. Nebraska's Public Service Commission will make its final decision by Nov. 23. "Standing Rock was a dress rehearsal compared to what this will be," said Jane Kleeb, chair of...

  • Macy's, Kohl's and Dillard's all said Thursday that a key sales figure fell again in the latest quarter as customers increasingly shop online, at discount stores and elsewhere. At Macy's the decrease wasn't as bad as Wall Street expected, and Kohl's managed to keep the decline to just 0.4 percent. But Macy's Inc. shares fell 10 percent, Kohl's Corp. fell nearly 6...

  • LINCOLN, Neb.— Opponents of the Keystone XL pipeline questioned its proposed pathway through Nebraska on Tuesday in hopes that state regulators will reject or reroute it, a decision that would create more delays for the 9- year-old project. But pipeline builder TransCanada defended its proposal to the Nebraska Public Service Commission, arguing that the...

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Aug 4- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit fell 15 percent, reflecting lower investment gains and a loss from insurance underwriting. Net income for the Omaha, Nebraska- based conglomerate fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share. Operating profit declined 11 percent to $4.12...

  • NEW YORK, Aug 3- Even for a jaded town like New York City, there is something magical about a Broadway show. For those doing the singing and dancing onstage, getting cast on Broadway is the culmination of lifelong dreams. For the latest in Reuters' "First Jobs" series, we talked to a few Broadway stars about their beginnings far from the marquee lights.

  • NEW YORK, Aug 3- Even for a jaded town like New York City, there is something magical about a Broadway show. For those doing the singing and dancing onstage, getting cast on Broadway is the culmination of lifelong dreams. For the latest in Reuters' "First Jobs" series, we talked to a few Broadway stars about their beginnings far from the marquee lights.

  • NEW YORK, Aug 3- Even for a jaded town like New York City, there is something magical about a Broadway show. For those doing the singing and dancing onstage, getting cast on Broadway is the culmination of lifelong dreams. For the latest in Reuters' "First Jobs" series, we talked to a few Broadway stars about their beginnings far from the marquee lights.