OMAHA, Neb. _ Werner Enterprises Inc. on Thursday reported first-quarter net income of $27.8 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Seven analysts surveyed by Zacks expected $554.4 million.
OMAHA, Neb. _ Valmont Industries Inc. on Wednesday reported first-quarter profit of $39.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share. Four analysts surveyed by Zacks expected $682.3 million.
OMAHA, Neb.— American sorghum farmers fear they will lose their largest export market if China follows through with a tariff on their crop. China imposed preliminary anti-dumping tariffs of 178.6 percent on U.S. sorghum this week as part of its ongoing trade dispute with the U.S. "Basically, this will shut off grain sorghum exports to China for the United States,"...
The Jacksonville, Florida- based company on Tuesday posted net income of $695 million, or 78 cents per share. That's up from last year's $362 million, or 39 cents per share. CSX Corp. is continuing the overhaul of its operations that began last year before CEO Hunter Harrison's death in December.
NEW YORK, April 17- Wells Fargo& Co's two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals. Earnings reports in recent days showed Wells Fargo's book of C&I loans in the United...
April 12- Warren Buffett's Berkshire Hathaway Inc plans to vote against four board nominees proposed by USG Corp, giving a boost to a $5.9 billion takeover bid by German's Gebr Knauf AG that the building products company had rejected. They closed at $33.51 on March 23, before Knauf's bid became public. A USG takeover could add to the $116 billion of cash and...
OMAHA, Neb.— Investor Warren Buffett's company plans to vote against USG Corp.' s four board nominees in another signal that Berkshire Hathaway may support Knauf's $5.9 billion bid to buy USG. Buffett's assistant Debbie Bosanek said Thursday that Berkshire will vote against the directors nominated by USG. Berkshire owns 31 percent of USG's stock and is the...
April 12- Warren Buffett's Berkshire Hathaway Inc plans to vote against four board nominees proposed by USG Corp, giving a boost to a $5.9 billion takeover bid by German's Gebr Knauf AG that the building products company had rejected. USG shares were up $1.11, or 2.8 percent, at $40.93 in Thursday afternoon trading. A USG takeover could add to the $116 billion of...
*Trump threatens $100 bln more in China tariffs. *China threatens "fierce counter strike". "Markets are absolutely appalled by protectionism," said Dec Mullarkey, managing director at Sun Life Investment Management based in Wellesley, Massachusetts.
*Trump threatens $100 bln more in China tariffs. April 6- U.S. stocks tumbled on Friday on fears of an escalating trade war between the United States and China after President Donald Trump threatened to slap $100 billion more in tariffs and Beijing warned it would fight back "at any cost." It was an uncomfortable state to begin with, clearly the reaction from China to...
*Trump threatens $100 bln more in China tariffs. April 6- U.S. stocks recouped some losses on Friday morning after President Donald Trump's top economic adviser Larry Kudlow said negotiations between the United States and China over trade differences would start soon. Kudlow said on told Bloomberg TV that while trade talks with China have not yet begun but will...
*Trump threatens $100 bln more in China tariffs. April 6- Wall Street was set to open lower on Friday, weighed down by fears of an escalating trade conflict between the United States and China, but a lower-than-expected March jobs data eased some concerns over aggressive interest rates hikes. Shares of Boeing, the single largest U.S. exporter to China, fell 2 percent,...
As building products company USG Corp was rejecting a $42 per share, or $5.9 billion, takeover approach from Germany's Gebr Knauf KG, Berkshire disclosed it had offered to sell Knauf its 30.8 percent stake in USG for the same per share price, or more. Knauf would pay a $2 per share upfront fee, or $86.8 million, which Berkshire would keep if the six months expired...
March 16- Berkshire Hathaway Inc on Friday said its median employee last year made a little over half the $100,000 salary that Chairman Warren Buffett was awarded for running the conglomerate that made him the world's third-richest person. But nearly all of their fortunes, and those of Berkshire employees, are far smaller than Buffett's, whose $88.8 billion...
American Dairy Queen, whose Blizzard has long been one of its most popular products, sued W.B. W.B. Mason has fought back, and on Thursday filed its own federal lawsuit seeking a declaration that it did not infringe any trademark belonging to Dairy Queen, owned since 1998 by Buffett's conglomerate, Berkshire Hathaway Inc.. Dairy Queen began using the Blizzard name...
March 5- A real estate company controlled by Warren Buffett's Berkshire Hathaway Inc is broadening its global reach, announcing on Monday its first international franchisee, Berlin- based Rubina Real Estate GmbH. Berkshire Hathaway HomeServices called Rubina an ideal fit for its network, which its parent said has more than 1,500 offices and in excess of...
*Buffett calls tax cut' tailwind' as $116 bln cash piles up. NEW YORK, Feb 26- Warren Buffett on Monday said the healthcare company being set up by Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase& Co will within a year have a new chief executive officer, and set an aggressive goal to cut costs. Speaking on CNBC television, Buffett said "we can't afford to make a...
Feb 24- Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc.. Berkshire also boosted a related deferred charge asset by $1.7 billion, and estimated its year-end net liability under the...
BERKSHIRE, IN ANNUAL REPORT, SAYS YEAR-OVER-YEAR CIRCULATION HAS DECLINED AT MANY OF ITS NEWSPAPERS, INCLUDING THE BUFFALO NEWS IN NEW YORK AND OMAHA WORLD-HERALD IN ITS NEBRASKA HOMETOWN.
In his annual letter to Berkshire shareholders, Buffett said finding things to buy at a "sensible purchase price" has become a challenge and is a major reason Berkshire is awash with $116 billion of low-yielding cash and government bonds. Berkshire typically pays all cash for acquisitions. The letter was considerably shorter than in recent years, a little over...
