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Top News & Analysis Omaha

  • NEW YORK, July 7- Wall Street stocks climbed on Friday, with the S&P 500 index on track for its best gain in six sessions on the heels of a strong U.S. payrolls report, led by gains in technology stocks. Nonfarm payrolls increased by 222,000 jobs last month, data from the Labor Department showed, topping economists' expectations for a 179,000 gain.

  • July 7- Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals. "Buffett views infrastructure bets as a good long-term investment," said Steven Check, president of Check...

  • July 7- Warren Buffett's Berkshire Hathaway Inc said on Friday it would pay $9 billion to pick up the parent of Texas power transmission company Oncor Electric Delivery Co from bankruptcy, stepping up its pursuit of steady returns in utilities. If the all-cash deal is approved by a bankruptcy judge and Texas regulators, it will hand Berkshire ownership of one of...

  • July 7- Warren Buffett's move to spend $9 billion on his largest energy sector acquisition reflects his long-standing drive to diversify his Berkshire Hathaway Inc and deepens his commitment to electricity as a means to boost profit. Berkshire said on Friday that its Berkshire Hathaway Energy unit will buy a reorganized Energy Future Holdings Corp to get...

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • June 30- Warren Buffett's Berkshire Hathaway Inc will swap its preferred shares in Bank of America Corp into common shares worth about $17 billion, making it the biggest shareholder of lender. Buffett had bought $5 billion of Bank of America preferred stock with a 6 percent dividend, or $300 million annually, in August 2011, when investors worried about the...

  • June 28- Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third...

  • TORONTO, June 23- Canada's main stock index rallied on Friday as index heavyweights like energy and mining shone, while BlackBerry Ltd shares suffered its biggest one-day drop in 2-1/ 2 years after disappointing first quarter sales. Enbridge Inc rose 1.2 percent to C $52.22, while Suncor Energy advanced 1.1 percent to C $38.52 as oil prices bounced from 10- month...

  • June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...

  • Warren Buffett

    Warren Buffett's Midas touch just gave this Canadian company's stock a 10% boost. And, he made a cool 65% profit in the process, writes Breakingviews' Tom Buerkle.

  • Berkshire Hathaway Inc's commitment of a C $2 billion credit facility to Home Capital Group Inc, Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview. "Today's announcement is a...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, the underwriting agency for the bonds said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S.,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • June 8- Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California for workers' compensation coverage. The settlement announced by California's Department of Insurance on Thursday resolves charges that Applied...

  • June 8- Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California for workers' compensation coverage. The settlement announced by California's Department of Insurance on Thursday resolves charges that Applied...

  • NEW YORK, May 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.. Berkshire's sale of its $251 million Fox stake came several months after the parent of Fox News became embroiled in a sexual harassment scandal,...

  • MEXICO CITY/ CHICAGO, May 12- Mexico's growing beef industry is targeting Muslim consumers in the Middle East for its prime cuts as it seeks to reduce dependence on buyers in the United States. The potential for a U.S.- Mexico trade war under President Donald Trump has accelerated efforts by Mexican beef producers to explore alternative foreign markets to the...