Latest Edward Jones News

CP urges Kansas City Southern to reject competing $33.6B bid

May. 20, 2021 12:45 PM EDT

OMAHA, Neb. (AP) — Canadian Pacific is urging Kansas City Southern to reject Canadian National's rival $33.6 billion takeover bid, but it still refuses to increase its own $25 billion bid. Canadian Pacific maintained Thursday that Canadian National's bid won't be...

GM expects big 2021 profit, says it's managing chip shortage

May. 05, 2021 13:04 PM EDT

Detroit (AP) — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the shortage, GM stuck with full-year pretax earnings...

When Buffett is gone, Abel will take over as Berkshire CEO

May. 03, 2021 14:57 PM EDT

OMAHA, Neb. (AP) — Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report. Buffett confirmed the succession plan Monday to CNBC after Berkshire Vice Chairman Charlie Munger let slip the plan during during the...

New era begins at Merck as pandemic cuts Q1 sales, profit

Apr. 29, 2021 13:50 PM EDT

Merck is entering a new era, with sweeping changes across its executive suite and the spinoff off its women's health and other businesses, a bid to enable both resulting companies to grow faster. The massive management makeover, mostly triggered by longtime Chief...

Boeing posts 1Q loss, takes a hit on Air Force One work

Apr. 28, 2021 13:18 PM EDT

Boeing Co. reported a wider than expected first-quarter loss on Wednesday and took another charge on its program to build two new Air Force One presidential planes after firing a contractor it hired to help perform the work. The company did not provide a timetable for...

Canadian Pacific attacks rival bid for Kansas City Southern

Apr. 21, 2021 18:39 PM EDT

OMAHA, Neb. (AP) — Canadian Pacific railroad continued its assault on rival Canadian National's competing $33.7 billion bid to buy Kansas City Southern railroad Wednesday in a formal letter to regulators. Canadian Pacific urged the Surface Transportation Board to...

CSX 1Q profit dips 8% but railroad sees economy growing

Apr. 20, 2021 19:25 PM EDT

OMAHA, Neb. (AP) — CSX Corp. said its first-quarter profit declined 8% due to higher expenses, but the railroad said it expects to benefit as the U.S. economy strengthens further over the rest of the year. The Jacksonville, Florida-based company said Tuesday that it...

CN bids $33.7B for Kansas City Southern, tops $25B proposal

Apr. 20, 2021 17:35 PM EDT

A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway. The bid trumps a $25 billion cash-and-stock proposal made by Canadian Pacific last month. Any deal...

Johnson & Johnson Q1 profit, sales jump, beat Street views

Apr. 20, 2021 12:40 PM EDT

Big jumps in sales of prescription drugs and medical devices helped Johnson & Johnson boost its first-quarter profit nearly 7%, blowing past Wall Street forecasts. The health care giant on Tuesday raised and narrowed its financial forecasts for 2021, and its shares...

Big railroad deal seen more likely to gain regulators' OK

Mar. 22, 2021 20:25 PM EDT

OMAHA, Neb. (AP) — Wary regulators have not approved a major railroad merger since the 1990s, but industry analysts say Canadian Pacific's proposed $25 billion acquisition of Kansas City Southern has a good chance of getting the green light because there is little overlap between the two...