Latest Edward Jones News

CSX plans to buy regional railroad in northeastern U.S.

Nov. 30, 2020 7:42 PM EST

OMAHA, Neb. (AP) — CSX is acquiring a regional railroad in New England to bolster its network in the northeastern United States, but a rival railroad says the deal could hurt competition. CSX said Monday it is acquiring Pan Am Railways, but it didn't disclose terms of the deal. The transaction will expand...

FILE - In this Oct. 1, 2020 file photo, an Amazon logo appears on an Amazon delivery van, in Boston. Amazon opened an online pharmacy Tuesday, Nov. 17 giving shoppers the chance to buy their medication and order refills on their phones and computers and have it delivered to their doorsteps in a couple of days. (AP Photo/Steven Senne, File)

Amazon opens online pharmacy, shaking up another industry

Nov. 17, 2020 6:05 PM EST

NEW YORK (AP) — Now at Amazon.com: insulin and inhalers. The retail colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to their front door in a couple of days. The potential impact of Amazon's arrival in the pharmaceutical...

Profit jumps 82% at Buffett's firm but virus hurts business

Nov. 7, 2020 12:01 PM EST

OMAHA, Neb. (AP) — Warren Buffett's conglomerate reported an 82% jump in its third-quarter profit as the value of its investment portfolio soared, but Berkshire Hathaway said the coronavirus pandemic continued to hurt its assorted businesses, such as BNSF railroad. Berkshire said Saturday that it earned...

FILE- This April 25, 2017, file photo, shows an Exxon service station sign in Nashville, Tenn.  Exxon Mobil reported on Friday, Oct. 30, 2020, lost $680 million in the third quarter as the global pandemic curtailed travel throughout the world, diminishing the need for fuel. Revenue tumbled to $46.2 billion, down from $65.05 billion during the same quarter last year.(AP Photo/Mark Humphrey, File)

Losses mount for oil companies as pandemic grips economy

Oct. 30, 2020 2:33 PM EDT

NEW YORK (AP) — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity. The energy giant on Friday posted a $680 million third-quarter loss and revenue tumbled to $46.2 billion, down from $65.05 billion during the same...

In this July 27, 2020 file photo, the tails of three UPS aircraft are shown parked at Miami International Airport in Miami. UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, is reporting strong profits and revenue in its most recent quarter.  (AP Photo/Wilfredo Lee, File)

Demand for delivery boosts UPS revenue, but costs rise too

Oct. 28, 2020 4:56 PM EDT

Profit and revenue are rising at UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, but so are costs. The company reported Wednesday that third-quarter profit rose 12% to $1.96 billion. With higher volume of packages to deliver, revenue climbed 16% to $21.24...

FILE- In this Oct. 23, 2019 file photo, a worker sweeps a sidewalk outside the construction site for the new corporate headquarters of Norfolk Southern Railway, in Atlanta. Norfolk Southern’s third-quarter profit fell more than 13% as the railroad delivered fewer shipments and the results were weighed down by a one-time charge. The railroad said Wednesday, Oct. 28, 2020, that it earned $569 million, or $2.22 per share. (AP Photo/David Goldman, File)

Norfolk Southern's 3Q profit down 13% as railroad hauls less

Oct. 28, 2020 10:44 AM EDT

OMAHA, Neb. (AP) — Norfolk Southern's third-quarter profit fell more than 13% as the railroad delivered fewer shipments and the results were weighed down by a one-time charge. The railroad said Wednesday that it earned $569 million, or $2.22 per share. That is down from $657 million, or $2.49 per share, a...

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J.  Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The  drugmaker on Friday, July 31, 2020,  increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19.  (AP Photo/Seth Wenig, File)

Strong sales of drugs, vaccines, propel Merck in 3Q

Oct. 27, 2020 3:09 PM EDT

Drugmaker Merck, bouncing back from a $1.6 billion hit from the coronavirus pandemic in the second quarter, boosted its third-quarter profit by 55% and blew past Wall Street expectations. The strong result was due to sales slightly higher than a year ago, plus restrained spending. The Kenilworth, New Jersey,...

FILE - In this Sept. 13, 2019, file photo the logo for Union Pacific appears above a trading post on the floor of the New York Stock Exchange.  On Thursday, Oct. 22, 2020, Union Pacific’s third-quarter profit declined 12%, but the volume of shipments it handled surged as the economy rebounded from the worst of the virus-related shutdowns earlier this year. (AP Photo/Richard Drew, File)

Profit, revenue slump at Union Pacific, but volume improves

Oct. 22, 2020 1:41 PM EDT

OMAHA, Neb. (AP) — Union Pacific's profit and revenue slumped by double digits, though the volume of shipments it handled rebounded from the previous quarter as the economy emerged from the worst of the virus-related shutdowns earlier this year. The railroad earned $1.36 billion, or $2.01 per share in the...

FILE - In this March 21, 2014, file photo, CSX hopper cars sit in a yard in Baltimore. CSX Corp. (CSX) on Wednesday, Oct. 21, 2020 reported third-quarter net income of $736 million. (AP Photo/Patrick Semansky, File)

CSX profit falls 14% but railroad announces $5B buyback

Oct. 21, 2020 6:37 PM EDT

OMAHA, Neb. (AP) — CSX's third-quarter profit fell 14% but the railroad said it handled nearly as many shipments as last year, as volume recovered from the depths of the shutdowns earlier this year. The Jacksonville, Florida-based railroad said Wednesday that it earned $736 million, or 96 cents per share,...

FILE - This Sept. 13, 2014, file photo, shows the Chase bank logo in New York. JPMorgan Chase says profits improved marginally in the third quarter, a notable change after the nation’s largest bank had to set aside billions in the last two quarters to cover losses from the coronavirus pandemic. The New York-based bank said it earned a profit of $9.44 billion, or $2.92 a share, in the July to September period.  (AP Photo/Frank Franklin II, File)

Bank profits remain resilient despite lingering pandemic

Oct. 14, 2020 4:36 PM EDT

CHARLOTTE, North Carolina (AP) — Unemployment remains high, many small businesses are struggling, and there are few signs that Congress and the White House can soon agree on another stimulus package to help the U.S. economy in the pandemic. But Wall Street banks are on the rebound after slumping the first...