Top News & Analysis Omaha

  • They're also barred from linking their products with market wizards such as Warren Buffett or Peter Lynch under new Asset Management Association of China rules that bar unauthorized use in private fund products of renowned trademarks, names of famous people or institutions. "Foreign brands have long been misused in China," said Ivan Shi, head of research at...

  • Nov 14- Warren Buffett's Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase& Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp. The investments were disclosed in a Wednesday regulatory filing detailing Berkshire's...

  • Nov 14- Warren Buffett's Berkshire Hathaway Inc has deepened its commitment to the U.S. financial industry, announcing new stakes in JPMorgan Chase& Co, PNC Financial Services Group Inc and Travelers Companiess Inc, plus a stake in Oracle Corp.. The investments were disclosed in a Wednesday regulatory filing detailing Berkshire's U.S.-listed stocks as of...

  • Nov 14- Warren Buffett's Berkshire Hathaway Inc on Wednesday said it had taken stakes in JPMorgan Chase& Co, Oracle Corp and Travelers Cos, as the conglomerate puts some of its large cash hoard to work. As of Sept. 30, Berkshire owned about $4.02 billion of stock in JPMorgan, the largest U.S. bank by assets, where one of Buffett's investment managers, Todd Combs, is a board...

  • "This is absolutely one of the biggest quarterly earnings reports that has ever come out of a United States corporation," said Bill Smead, chief executive of Smead Capital Management, a Berkshire shareholder. Berkshire said third-quarter net income rose more than 355 percent to $18.5 billion, though that reflected a new accounting rule requiring it to report...

  • Union Pacific, which connects 23 states in the western two-thirds of the United States, in April warned it was unlikely to achieve its profitability target in 2019 due to service problems and congestion on its rail network. In a memo, Omaha, Nebraska- based Union Pacific said it also would eliminate 200 contract positions. Additional cost-cutting efforts...

  • Jim Weber

    If Brooks moved operations, it would likely need to be permanent, Brooks' Jim Weber says. "We don't do musical chairs in our supply chain."

  • Kiewit Plaza, Berkshire Hathaway headquarters, in Omaha, Nebraska.

    The home to Berkshire Hathaway, Kiewit Plaza in Omaha, Nebraska, recently went up for sale, according to a local report.

  • *Buffett says investors better off with stocks than bonds. *Economy, profits grow despite tariff costs, Buffett says. NEW YORK, Aug 30- Warren Buffett, the billionaire.

  • Aug 14- Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.. Investors closely watch Berkshire's quarterly stock listings for signs about where Buffett and his...

  • Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from demand to ship consumer products, grain, petroleum and steel, and the Berkshire Hathaway Automotive car dealership financed more vehicle purchases. "Good results across the board," said Doug Kass, who runs the hedge fund Seabreeze Partners Management...

  • Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from demand to ship consumer products, grain, petroleum and steel, and the Berkshire Hathaway Automotive car dealership financed more vehicle purchases. "Good results across the board," said Doug Kass, who runs the hedge fund Seabreeze Partners Management...

  • Tracy Britt Cool, Berkshire Hathaway

    Tracy Britt Cool was just 25 when she started working for Oracle of Omaha. 

  • July 18- Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash. The company's Class A shares climbed $14,470, or 5 percent, to $302,970 in afternoon trading, while its Class B shares rose $10.32, or...

  • July 18- Berkshire Hathaway Inc shares rose on Wednesday after its board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks, which the conglomerate has not done since 2012.. Class A shares of Berkshire gained $10,305, or 3.6 percent, to $298,805 in morning trading, while Class B shares rose $7.47, or 3.9 percent, to $197.88 on the...

  • July 17- Berkshire Hathaway Inc on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's cash. Berkshire's Class A shares closed Tuesday at $288,500, roughly 1.37 times its $211,184 book value per share as of March 31. "It's a somewhat significant...

  • July 16- Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his longstanding plan to give away his fortune. Buffett, 87, has since 2006 made more than $30.9 billion in donations to the charities, including roughly $24.5 billion to the Gates Foundation.

  • June 24- Workers have contained nearly half of the crude oil spilled near Rock River in northwest Iowa over the weekend following a freight train derailment on Friday, BNSF Railway Co said. The cause has not been confirmed, although Iowa Governor Kim Reynolds attributed it to an intense storm and flash flooding in an emergency proclamation issued by her office...

  • Warren Buffett and Bill Gates visited a candy store in Omaha during this year's Berkshire Hathaway shareholder meeting

    The friends swapped childhood memories while visiting a candy store.

  • Warren Buffett

    It was Alex Banayan's dream to speak with the investor at his shareholders meeting — but it didn't go the way he'd expected.