State Nebraska Financial News

Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc. Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire. The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units. Yet the partnership that formally began when they teamed up in 1975 at Berkshire, where Buffett was chairman and Munger became vice chairman in 1978, thrived despite pronounced differences in style, and even investing. Known almost universally as Charlie, Munger displayed a blunter form of musings, often in laconic one-liners, on investing, the economy, and the foibles of human nature. He likened bankers to uncontrollable «heroin addicts,» called the virtual currency Bitcoin «rat poison,» and told CNBC that «gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939 but I think civilized people don't buy gold. They invest in productive businesses.» Munger was no less pithy in talking about Berkshire, which made both he and Buffett billionaires and many early shareholders rich as well. «I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick,» Munger said in 2010.

Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.

(Reuters) -Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (NYSE:BRKa), died on Tuesday morning at a California hospital.

Federal inspectors have twice found hundreds of defects in the locomotives and railcars Union Pacific was using at the world’s largest railyard in Nebraska, but none of those seem to explain why a shipping container filled with toxic acid exploded ther...

The self-proclaimed ‘home of hybrids’ has picked up advisors managing almost half a billion dollars for Osaic.

donation of his fortune to charitable causes after his death will be open to public scrutiny, though the 93-year-old billionaire said he’s still doing fine for now. “I feel good but fully realize I am playing in extra innings,” the Berkshire Hathaway Inc. chief executive officer said in a Thanksgiving letter to shareholders.

Warren Buffett's company unloaded a number of the smaller investments in its portfolio in the third quarter including GM, Mondelez, Johnson & Johnson, UPS and Procter & Gamble

Nearly 5 million chickens, turkeys and other birds have been slaughtered this year because of a persistent bird flu outbreak that began in 2022, but as big as that number may sound, it’s far less than the number of birds killed last year and that means...

By Jonathan Stempel

An additional 1.2 million chickens will be slaughtered after bird flu was confirmed on an Iowa egg farm in the second massive case this week

The Air Force is asking Congress to restrict further construction of the towering wind turbines that have edged closer to its nuclear missile sites in Montana, Wyoming, North Dakota, Nebraska and Colorado

Warren Buffett's company has reported a $12.8 billion loss as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well

Federal safety investigators say the automatic braking system railroads were required to install several years ago needs improvement to prevent more derailments

Union Pacific is trimming the ranks of the railroad's management employees as part of the new CEO's push to eliminate layers of bosses involved in decisions

According to forecast models, the most substantial snowfall is likely to occur in the mountainous regions surrounding Denver. However, cities like Omaha, Nebraska, and Des Moines, Iowa, could also experience frozen precipitation during this storm.

Norfolk Southern has installed the first of what will be more than a dozen of a new generation of automated inspection portals on its tracks in Ohio — not far from where one of its trains derailed in February and spilled hazardous chemicals that caught...

The billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the family’s remaining 20% stake in the Pilot Travel Centers truck stop company ...

Norfolk Southern's costs related to the East Palestine derailment have grown to reach $966 million

WASHINGTON (Reuters) — Tennessee Attorney General Jonathan Skrmetti's office said on Monday that there would be a press conference on Tuesday with five other states to discuss a big-tech investigation.

A major Midwestern carbon dioxide pipeline project has been canceled

Union Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations