Articles written by Josh Funk

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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes

OMAHA, Neb. (AP) — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter...

 

Consultants: Design issues, operations lapses led to big Kansas oil spill

TOPEKA, Kan. (AP) — Pipeline design issues, lapses by its operators and problems caused during its construction led to a massive oil spill on the Keystone pipeline system in northeastern Kansas, according to a report for U.S. government regulators....

 

Safety agency opens probe of Norfolk Southern rail accidents

OMAHA, Neb. (AP) — Federal investigators are opening a wide-ranging investigation into one of the nation's biggest railroads following a fiery derailment on the Ohio-Pennsylvania border last month and several other accidents involving Norfolk...

 

Soaring US egg prices put pressure on consumers, businesses

OMAHA, Neb. (AP) — Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and...

 

Rail workers say deal won't resolve quality-of-life concerns

OMAHA, Neb. (AP) — When BNSF railroad conductor Justin Schaaf needed to take time off from work this summer, he had to make a choice: go to the dentist to get a cavity in his molar filled or attend a party for his son's 7th birthday. He chose his...

 

Congress votes to avert rail strike amid dire warnings

WASHINGTON (AP) — Legislation to avert what could have been an economically ruinous freight rail strike won final approval in Congress on Thursday as lawmakers responded quickly to President Joe Biden's call for federal intervention in a long-runni...

 

A rail strike looms and impact on US economy could be broad

OMAHA, Neb. (AP) — American consumers and nearly every industry will be affected if freight trains grind to a halt next month. One of the biggest rail unions rejected its deal Monday, joining three others that have failed to approve contracts over...

 

Consumers could pay price if railroads, unions can't agree

OMAHA, Neb. (AP) — Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can't agree on new contracts by an early-December deadline that had...

 

Zoos hiding birds as avian flu spreads in North America

OMAHA, Neb. (AP) — Zoos across North America are moving their birds indoors and away from people and wildlife as they try to protect them from the highly contagious and potentially deadly avian influenza. Penguins may be the only birds visitors to...

 

After spate of strikes, big raises for Kellogg workers

OMAHA, Neb. (AP) — Several hundred workers at a Kellogg's plant that makes Cheez-Its won a new contract that delivers more than 15% wage increases over three years after 1,400 workers at the company's cereal plants went on strike for nearly three...

 

'Pandemic of the unvaccinated' burdens busy US hospitals

The COVID-19 comeback across the U.S. is putting pressure on hospitals at a time when some of them are busy just trying to catch up on surgeries and other procedures that were put on hold during the pandemic. With the highly contagious delta variant...

 

US COVID-19 cases rising again, doubling over three weeks

The COVID-19 curve in the U.S. is rising again after months of decline, with the number of new cases per day doubling over the past three weeks, driven by the fast-spreading delta variant, lagging vaccination rates and Fourth of July gatherings....

 
 By JOSH FUNK    Regional    January 27, 2021

Foot of snow blankets parts of Midwest, disrupts travel

OMAHA, Neb. (AP) — A major winter storm dumped more than a foot of snow on parts of the middle of the country while another system blanketed areas of the Southwest, disrupting travel for a second consecutive day Tuesday and shuttering many...

 

US plants hope to maintain production despite virus threat

OMAHA, Neb. (AP) — U.S. factories have been cranking out goods during much of the pandemic at rates that are remarkably close to normal. However, manufacturers are concerned they may not be able to keep pace until most of the country is vaccinated...

 
 By JOSH FUNK    Regional    November 8, 2020

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

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...

 
 By JOSH FUNK    Regional    August 9, 2020

Profit up 87% at Buffett's firm, but virus slows businesses

OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft...

 

Meatpacking rebounds but high prices and backlogs to persist

OMAHA, Neb. (AP) — Meat production has rebounded from its low point during the coronavirus pandemic when dozens of plants were closed, but experts say consumer prices are likely to remain high and it will take months to work through a backlog of...

 

US meat exports surge as industry struggles to meet demand

OMAHA, Neb. (AP) — U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve...

 

Buffett says Wall Street advice usually favors more deals

OMAHA, Neb. (AP) — Taking advice from Wall Street on deals is a bit like asking "the barber whether you need a haircut," according to billionaire Warren Buffett. Buffett said in his annual letter to Berkshire Hathaway shareholders Saturday that...

 

Flooding seems certain for some along the Missouri River

OMAHA, Neb. (AP) — Several states along the Missouri River face an elevated flood risk this spring because the soil remains wet and a significant amount of snow is on the ground in the Dakotas, the National Weather Service said Thursday. The...

 
 By JOSH FUNK    Regional    May 16, 2019

Dragging levee repairs leave riverside communities stressed

OMAHA, Neb. (AP) — Communities that were flooded when levees failed along the Missouri River earlier this spring will likely remain exposed to high water for months to come, leaving displaced residents wondering when — or if — they will be able...

 

Buffett encourages investors to bet on American economy

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn't found any major deals at attractive prices recently. Buffett released his annual letter to...

 

Nebraska city keeps paying Kobach to defend immigration rule

OMAHA, Neb. (AP) — An eastern Nebraska city will continue paying former Kansas Secretary of State Kris Kobach at least $10,000 a year to defend its immigration ordinance even though the last legal challenge to the rule ended in 2014. Fremont's...

 

Investor Warren Buffett says good deals tough to find

OMAHA, Neb. (AP) — Investor Warren Buffett says Wall Street's lust for deals has prompted CEOs to act like oversexed teenagers and overpay for acquisitions, so it has been hard to find deals for Berkshire Hathaway. In his annual letter to...

 

Prosecutors scrutinize investor who served as Trump adviser

Federal prosecutors want to know more about efforts billionaire investor Carl Icahn may have made while he was an adviser to President Donald Trump to change the renewable fuel credits system that was costing one of his companies millions of...

 

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