CSX's profit declined 4% in the third quarter, but tight cost controls helped the railroad weather a 5% decline in volume.
The Jacksonville, Florida, based railroad said it earned $856...
OMAHA, Neb. (AP) — Union Pacific expects to haul less freight in the second half of the year than it previously predicted, which isn't a good sign for the economy.
NORFOLK, Va. (AP) — Norfolk Southern Corp.'s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping...
MEMPHIS, Tenn. (AP) — FedEx Corp. reported lower profit Tuesday as its ground-shipping unit struggled with higher costs, and the company cut its forecast of full-year earnings.
OMAHA, Neb. (AP) — Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of its stock investments.
NORFOLK, Va. (AP) — Norfolk Southern railroad expects to become significantly more efficient by 2021, and operate with 3,000 fewer employees and 500 fewer locomotives.
The railroad detailed its plan to continue improving operations Monday at an investor conference.
Norfolk Southern has been working to reduce costs and get more efficient since 2015, but other railroads, particularly eastern rival CSX, have cut expenses and overhauled operations more aggressively over the past several years.
OMAHA, Neb. (AP) — The economy appears to be going strong for the major freight railroads that haul the products and raw materials companies rely on, but the lingering trade disputes could derail business.
Union Pacific, Norfolk Southern and CSX railroads all sounded optimistic about the economy when they reported hauling 3 percent more carloads of freight in the fourth quarter.
OMAHA, Neb. (AP) — Union Pacific delivered strong fourth-quarter results because the railroad delivered 3 percent more freight and increased prices.
The railroad reported Thursday it had net income of $1.55 billion, or $2.12 per share. That's 6 cents better than expected, according to a survey by Zacks Investment Research. It's also 29 percent better than last year's adjusted income of $1.2 billion, or $1.53 per share
PHOENIX (AP) — Arizona Supreme Court officials say former chief justice Charles Edward Jones has died at age 85.
They say Jones died Thursday morning surrounded by his family.
ST. LOUIS (AP) — The NFL's Rams will pay $24 million to personal seat license holders in St. Louis who filed a class-action lawsuit after the team moved to Los Angeles.
The settlement notice was filed in federal court last week but details weren't released until Wednesday.
ST. LOUIS (AP) — A settlement has been reached in a lawsuit filed on behalf of people who paid a fee giving them the right to buy season tickets for the former St. Louis Rams.
The St. Louis Post-Dispatch reports a settlement notice was filed in federal court Monday but details of the agreement were not released.
Regardless of how midterm elections turn out, Wall Street usually ends up a big winner.
The S&P 500, the stock market's benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That's 18 elections, many of which ended up shuffling the balance of power in Congress.
"It turns out that under every political makeup in Washington, stocks have gone up and the economy has grown," said Kate Warne, an investment strategist for Edward Jones.
NEW YORK (AP) — U.S. stocks hardly moved Friday as the market wrapped up a solid week. Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way.
Stocks rose in early trading after the Federal Reserve said production of cars and energy jumped in August. The Commerce Department said sales by retailers grew only slightly in August after a big gain in July.
CULLMAN, Ala. (AP) — Living and working in Cullman was always in the cards for Zac Smith, even if he had to start his own business to do so.
Smith, the CEO of AGCOR Steel, grew up in the Welti area, and attended Cullman City Schools before going on to play football for the University of North Alabama for three years. He then spent a semester at Wallace State Community College before attending the University of Alabama for a degree in corporate finance.
It's back-to-school time and let's face it — education can be expensive.
The College Board reports that the average cost of in-state tuition, fees, room and board at a public four-year college in the U.S. was $20,770 last year. And that's just a starting point — out-of-state tuition, private universities or graduate school can greatly increase that bill.
Berkshire Hathaway Inc. on Saturday reported a $12 billion second-quarter profit.
Warren Buffett's conglomerate reported a profit of $4.87 per Class B share. A year ago, Berkshire reported $4.3 billion in net income, or $1.73 per Class B share.
Buffett has long said Berkshire's operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely.
OMAHA, Neb. (AP) — Berkshire Hathaway's stock price jumped more than 5 percent Wednesday after it eased restrictions on buying back its own shares.
The Omaha, Nebraska, conglomerate led by Warren Buffett said that after it posts earnings on Aug. 3, it will begin allowing Buffett to buy stock at prices up to what the company determines is the shares' intrinsic value.
PEQUANNOCK TOWNSHIP, N.J. (AP) — When Jones Hardware vanishes in September a piece of the township's history will disappear with it.
The family-run business, with roots that connect three generations through 89 years, will sell its last screwdriver sometime in August.
A Chase Bank branch will take its place.
"It's time to move on," 66-year-old owner Robbie Jones said between serving customers Tuesday.
ST. LOUIS (AP) — A jury in St. Louis on Tuesday ordered the NFL's Rams to pay former running back Reggie Bush $12.5 million for a severe knee injury he suffered in 2015, the team's final season in St. Louis before moving to Los Angeles.
ST. LOUIS (AP) — Former NFL running back Reggie Bush alleges that dangerous conditions at a St. Louis stadium led to a season-ending injury in a case that could leave the city on the hook for damages, even though the Rams are long gone.
NORTH CHARLESTON, S.C. (AP) — Police say DNA analysis has led to the arrest of a suspect in a 2016 robbery shooting death in South Carolina.
Media outlets reported that Gary Brisbane of Charleston was arrested this week and charged with murder and armed robbery.
Police say 39-year-old Edward Jones of North Carolina was shot and killed Sept. 17, 2016, during a robbery in front of his home.
PORTLAND, Ore. (AP) — The Oregon Court of Appeals said Wednesday that a new trial is necessary for a man who contends his use of a racial slur during an interview with police detectives should not have been heard by jurors.
Wayne Roberts, 53, was convicted of first-degree assault three years ago after prosecutors said he stabbed and critically injured another man at a light-rail platform in Gresham. Roberts said he acted in self-defense.
DALLAS (AP) — Benefits from the recent tax law drove quarterly profit sharply higher at FedEx, which also got a boost from strong performance in its ground-shipping business during the peak holiday gift-shipping season.
The delivery company raised its forecast for earnings in the fiscal year that ends in May.
OMAHA, Neb. (AP) — The Latest on investor Warren Buffett's annual letter to Berkshire Hathaway shareholders (all times local):
Warren Buffett's annual letter to Berkshire Hathaway shareholders is always well read in the business world, but this year's edition may leave some investors wanting more.
Buffett recounted Berkshire's performance in his letter that was released Saturday morning and some noteworthy topics didn't get much attention.
DALLAS (AP) — Exxon and Chevron are earning billions and benefiting from the new tax law, but profits are falling short of expectations that were based on rising oil prices.
The shares of both companies fell in afternoon trading Friday.
Both U.S. oil giants were expected to get a boost from crude prices, which rose sharply in the fourth quarter.
Exxon's production fell, however, by 3 percent from a year earlier, to about 4 million barrels of oil a day.
Higher spending across the board drove Johnson & Johnson's third-quarter profit down 12 percent, despite a big sales jump fueled by recent acquisitions, hot new cancer drugs and strong sales of other key medicines.
However, the health care giant easily topped Wall Street expectations. With momentum in product sales across all three business segments, the Band-Aid maker boosted its financial forecast for the third time this year.
- PR NewswireEdward Jones Named One of the 2019 Best Workplaces for Parents by Great Place to Work® and FORTUNE MagazineNovember 19, 2019 GMT
- Globe NewswireGolden State Expands to Texas Welcoming Alexandre Murphy from Edward JonesNovember 13, 2019 GMT
- PR NewswireEdward Jones Legend John Bachmann Passes at Age 80October 17, 2019 GMT
- PR NewswireEdward Jones Ranks No. 1 among Full-service Investment Firm in the US Investment FirmsOctober 15, 2019 GMT
- BusinessWirePGIM Investments designated as an Edward Jones Strategic Product PartnerJuly 26, 2018 GMT
MINNEAPOLIS (AP) — Police searched Sunday for a man suspected of killing a financial adviser inside a Minnesota business after he allegedly robbed a woman at gunpoint inside a home and forced employees at a nearby senior center into a closet while he tried to escape.
FRANKLIN, La. (AP) — A Louisiana judge has convicted a 63-year-old man on 221 counts of theft, for his role in taking $1.8 million from an investment holdings company over 15 years.
Judge Keith Comeaux also found Armond Duhon guilty Friday of two counts of money laundering and one of racketeering for his part in a scheme that prosecutors said siphoned off the money from a Morgan City-based company from 1999 through 2014.