City Omaha, state Nebraska Financial News

30.08 / 11:19

Reuters Man CEO Forbes Lennar Celebrity Ace investor and Berkshire Hathaway CEO Warren Buffett turns 93

investor and the Chief Executive Officer (CEO) of multinational conglomerate Berkshire Hathaway turned 93 on August 30, 2023. Buffet is the world's fifth richest man in Forbes Real-Time Billionaires’ list with a net worth of nearly $118.3 billion (as estimated by Forbes). Earlier this month, Berkshire Hathaway reported its best-ever quarterly results. Analysts were expecting its operating earnings to fall 8% on a revenue growth of 6%.

29.08 / 11:59

Citi Southern CSX Norfolk Southern is recovering from a hardware-related technology outage that shut down its system

The Norfolk Southern railroad is recovering from a “hardware-related technology outage” that impacted its rail systems Monday, but there may be lingering effects for at least a couple of weeks

25.08 / 02:01

Provident Aviat Aware CEO Southern Immunic classical Railroads resist joining safety hotline because they want to be able to discipline workers

The major freight railroads say a disagreement over whether they will be allowed to discipline some workers who use a government hotline to report safety concerns has kept them from following through on the promise they made back in March to join the p...

24.08 / 00:53

FIVE CEO Action Southern CSX conductor Training Rail union wants new rules to improve conductor training in the wake of 2 trainee deaths

The nation's largest railroad union wants federal regulators to do more to ensure conductors are properly trained in the wake of two recent trainee deaths in Maryland

19.08 / 15:43

UPS Provident Parke Southern CSX track voice end Rail whistleblowers fired for voicing safety concerns despite efforts to end practice of retaliation

Lawyers and unions representing rail workers say there is a clear pattern across the industry of railroads retaliating against workers who report safety violations or injuries on the job

18.08 / 03:07

Manufacturing Apple Forbes donates Warren Buffett donates $27 million Berkshire stock

Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fortune. Berkshire disclosed Buffett's donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission.

17.08 / 15:49

UPS FIVE Coca-Cola Manufacturing Apple Warren Buffett gives $27 million in Berkshire Hathaway stock to an unnamed charity

Warren Buffett donated 50 Class A shares of Berkshire Hathaway stock worth $27 million to an unnamed charity this week

15.08 / 18:37

UPS FIVE CEO performer conductor Union Pacific's new CEO promises improved safety and service but big rail unions lukewarm on hire

Union Pacific’s new CEO Jim Vena started Monday by promising to improve safety and service to help the railroad grow, but he cautioned that “the road ahead won’t be an easy one.”

15.08 / 05:15

UPS Remark Lennar show track stake Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves

Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NV...

15.08 / 05:15

UPS FIVE CEO performer conductor Union Pacific's new CEO promises improved safety and service but big rail unions lukewarm on hire

Union Pacific’s new CEO Jim Vena started Monday by promising to improve safety and service to help the railroad grow, but he cautioned that “the road ahead won’t be an easy one.”

07.08 / 14:01

UPS Manufacturing Occidental performer Holdings Profits at Warren Buffett's firm reach $36B as stocks surge and its insurance holdings perform well

Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion

05.08 / 14:01

UPS Apple Forbes performer Berkshire posts record operating profit, $35.9 billion of net income

(Reuters) -Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit.

05.08 / 13:33

UPS Apple Forbes performer Buffett's Berkshire posts record operating profit, $35.9 billion of net income

Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Rising interest rates and dividend payouts, as well as a rebound in performance at the Geico car insurer, have been helping Berkshire's insurance businesses generate more money, with profit up 38% from a year earlier. That helped offset declines at other businesses including the BNSF railroad, where lower shipments of consumer goods and increased price competition from the trucking industry contributed to a 24% drop in overall profit.

01.08 / 23:03

FIVE CEO Southern track conductor Norfolk Southern changes policy on overheated bearings, months after Ohio derailment

A minor coal train derailment in Virginia in early July prompted Norfolk Southern to rethink the way it responds to problems with overheating bearings

01.08 / 23:03

UPS Provident FIVE Progressive Southern CSX Deal Time BNSF train engineers offered paid sick time and better schedules in new deal

Roughly 7,500 BNSF train engineers may get up to eight days of paid sick time and more predictable schedules if they approve a deal with the railroad announced Tuesday

27.07 / 20:07

COST UPS Waters Norfolk Southern says cost of fiery Ohio derailment doubles to $803 million as cleanup continues

The costs associated with Norfolk Southern's fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits

27.07 / 04:27

COST UPS Progressive CEO Southern Union Pacific hires CEO favored by hedge fund as profit falls 15% last quarter on weakening demand

Union Pacific has hired the CEO candidate favored by a hedge fund that's been pressuring the railroad to improve

21.07 / 20:07

UPS Provident CEO CSX performer CSX's second-quarter profit declined as the railroad delivered fewer imported goods

Fewer shipping container deliveries this spring slowed railroad CSX's second-quarter profit and offset a sharp increase in shipments of automobiles

17.07 / 22:53

UPS FIVE Highways testing Union Pacific railroad to renew push for 1-person crews by testing conductors in trucks

Union Pacific will renew its push for one-person train crews later this summer when the railroad tests out the idea of having a conductor in a truck respond to problems on trains in Nebraska and Colorado

17.07 / 22:47

COST FIVE BLOCK Microsoft Deal Activision stake Warren Buffett's Berkshire Hathaway cuts Activision stake as Microsoft deal inches closer

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10.07 / 18:15

UPS Provident FIVE CSX Deal Union Pacific Railroad in tentative deal with union on paid sick leave

United Pacific railroad has reached a tentative deal with a major union regarding paid sick leave

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