×

Top News & Analysis Omaha

  • NEW YORK- Federal Reserve Board Governor Lael Brainard speaks before the Economic Club of New York 1200 GMT. FRANKFURT- German Banking Conference with ECB top supervisory Daniele Nouy, German Finance Minister Wolfgang Schauble and Luxembourg Finance Minister Pierre Gramegna, organized by Handelsblatt newspaper. STOCKHOLM- Swedish central bank holds...

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey caused catastrophic flooding that overwhelmed roads, bridges and train tracks. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for...

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume after Hurricane Harvey caused catastrophic flooding in the Houston area. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for companies ranging from automakers to farmers which use the...

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume after Hurricane Harvey caused catastrophic flooding in the Houston area. The closure of rail lines in a grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for companies ranging from automakers to farmers which use the...

  • Aug 29- Warren Buffett's Berkshire Hathaway Inc has become Bank of America Corp's largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Bank of America on Tuesday said Berkshire exercised warrants to acquire its shares for roughly $7.14 each, well below their...

  • DETROIT, Aug 29- No. 1 U.S. railroad Union Pacific Corp said on Tuesday that a key rail gateway in Texas linking the United States and Mexico remains open, allowing the company to keep running trains north and south. The Omaha, Nebraska- based company said in an announcement to customers on its website that it is re-routing shipments into California that normally run...

  • Aug 22- Warren Buffett's failure to clinch a $9 billion takeover of the Texas utility Oncor prompted S&P Global Ratings on Tuesday to say the billionaire's Berkshire Hathaway Inc is no longer at risk of a credit rating downgrade. S&P affirmed Berkshire's "AA" rating, its third-highest grade, with a "stable" outlook after Sempra Energy struck an agreement with...

  • Aug 21- Utility Sempra Energy said on Monday that it would buy Oncor for $9.45 billion in cash after majority owner Energy Future Holdings Corp abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc.. Energy Future, which has been in bankruptcy since 2014, had initially planned to seek court approval on Monday 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...

  • 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...

  • 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...

  • 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...

  • 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...