Latest Edward Jones News

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

Former Nebraska GOP official chosen for county elections job

Oct. 01, 2021 12:34 PM EDT

OMAHA, Neb. (AP) — Nebraska Gov. Pete Ricketts has picked a former Republican Party operative to serve as Sarpy County's election commissioner. Emily Ethington, 25, of Papillion, will administer elections in Nebraska's third-largest county, the governor's office...

Canadian Pacific's acquisition of KCS railroad back on track

Sep. 15, 2021 16:35 PM EDT

OMAHA, Neb. (AP) — After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from...

Kansas City Southern suitor's bid in jeopardy after ruling

Sep. 02, 2021 10:50 AM EDT

OMAHA, Neb. (AP) — Canadian National’s $33.6 billion deal to acquire Kansas City Southern railroad is in jeopardy after federal regulators on Tuesday rejected a key part of the plan and opened the door for a competing $31 billion offer from Canadian Pacific Railway. ...

Railroad bidding war for Kansas City Southern is reignited

Aug. 10, 2021 16:57 PM EDT

Canadian Pacific jumped back into the bidding war for Kansas City Southern Tuesday with an increased $31 billion offer for the U.S. railroad, but its latest bid remains lower than the rival $33.6 billion offer from Canadian National that Kansas City Southern accepted back in May. ...

Berkshire Hathaway posts 7% gain in 2Q profit

Aug. 07, 2021 15:50 PM EDT

NEW YORK (AP) — Warren Buffett’s Berkshire Hathaway company on Saturday reported a 7% gain in profit for the second quarter, as many of the conglomerate's businesses recovered from the coronavirus pandemic. Berkshire Hathaway, based in Omaha, Nebraska, said it earned...

GM posts $2.8B profit, but cautious tone sinks share price

Aug. 04, 2021 17:45 PM EDT

DETROIT (AP) — General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors. The Detroit automaker made the strong profit despite a global shortage of computer chips that have forced...

Merck weighed down by charges in Q2, but drug sales rebound

Jul. 29, 2021 12:47 PM EDT

Merck’s second-quarter profit dove 49%, mainly due to a big charge for an acquisition and a higher tax rate, though sales of its vaccines and medicines used in hospitals rebounded from the pandemic's effects. The profit fell just short of expectations and Shares of...

Norfolk Southern's Q2 profit doubles as volume returns

Jul. 28, 2021 13:39 PM EDT

OMAHA, Neb. (AP) — Norfolk Southern's second-quarter profit more than doubled as the number of shipments the railroad hauled rebounded 25% from the worst of the coronavirus pandemic a year ago. The railroad said it earned $819 million, or $3.28 per share. That is up...

Union Pacific Q2 profit jumps 59% as volume grows 22%

Jul. 22, 2021 13:45 PM EDT

OMAHA, Neb. (AP) — Union Pacific's second-quarter profit jumped 59% as the railroad hauled 22% more cargo than a year ago when shipments fell to the lowest levels of the coronavirus pandemic. The Omaha, Nebraska-based railroad said Thursday that it earned $1.8 billion,...