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  • Farm real estate values, which includes land and buildings, averaged $2,950 per acre in 2014, up 8.1 percent from 2013, the USDA said in its annual report based on surveys of 11,000 land parcels and taken during the first two weeks of June.

  • DIARY - Top Economic Events to Aug 15 Friday, 1 Aug 2014 | 8:00 PM ET

    WASHINGTON- Swedish Finance Minister Anders Borg holds a press conference from the U.S.-Africa Leaders Summit in Washington- 1100 GMT. ATHENS- European Commission President Jean-Claude Juncker visits Athens and meets Greek Prime Minister Antonis Samaras- 0800 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.

  • Berkshire profit soars 41% to a record Friday, 1 Aug 2014 | 6:54 PM ET
    Warren Buffett

    Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.

  • Aug 1- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, on Friday said it will remove 25 products from its 2015 list of preferred drugs, including anemia treatments Epogen and Aranesp, both sold by Amgen Inc..

  • Coal struggle endures with W.Va. mine layoff plans Friday, 1 Aug 2014 | 6:26 PM ET

    CHARLESTON, W.Va.— From Boone County banker Lee Milam's experience, each round of coal mine layoffs that hits southern West Virginia stifles his community's already-fragile economy. Coal giant Alpha Natural Resources revealed plans to shed 1,100 workers at 11 West Virginia surface mines and related operations by mid-October.

  • Government says GM owner site was faulty Friday, 1 Aug 2014 | 6:14 PM ET

    DETROIT— The government and General Motors are warning vehicle owners that GM's recall Web site may not be listing all the cars that need recall repairs.

  • HOUSTON, Aug 1- Baghdad wants to settle a high-stakes dispute over $100 million worth of Kurdish crude oil in Iraq's courts, although the oil is sitting in a tanker off the coast of Texas, a U.S. court filing said on Friday.

  • Nevada no lock for Tesla plant despite groundwork Friday, 1 Aug 2014 | 5:58 PM ET

    Lance Gilman knows the bidding war with Texas, California, New Mexico and Arizona has just begun now that the electric-car maker has confirmed the first stage of preparation for a "gigafactory."

  • Berkshire Hathaway 2Q profit jumps 41 percent Friday, 1 Aug 2014 | 5:56 PM ET

    OMAHA, Neb.— Warren Buffett's company on Friday reported a 41 percent jump in its second-quarter profit that was boosted by a paper gain from a stock-swap deal completed earlier this year.

  • Ex-banker sentenced in NY insider trading case Friday, 1 Aug 2014 | 5:53 PM ET

    Frank Perkins Hixon Jr., 55, was sentenced in federal court in Manhattan by Judge Ronnie Abrams. The government said Hixon generated a $260,000 profit by trading on information he knew because he headed an Evercore team advising on a deal by a liquid storage company to sell off some assets. Evercore fired Hixon in January after investigating his trades.

  • HOUSTON, Aug 1- An asphalt maker in New Jersey became the second U.S. company to publicly confirm buying Kurdish crude oil, saying on Friday it had imported a cargo just weeks before an Iraqi lawsuit over a separate $100 million shipment offshore Texas.

  • Business Highlights Friday, 1 Aug 2014 | 5:49 PM ET

    WASHINGTON— A sixth straight month of solid 200,000- plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion. WASHINGTON— U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.

  • Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.

  • Aug 1- Microsoft Corp sued Samsung Electronics Co Ltd on Friday, claiming the South Korean smartphone maker refused to make a royalty payment last fall on patent licenses after Microsoft announced its intention to acquire Nokia's handset business.

  • NEW YORK, Aug 1- A Saudi investor who accused Citigroup Inc of "virtually wiping out" his family's fortune cannot pursue a $383 million arbitration case filed against the bank, a U.S. appeals court ruled.

  • Army to force out 550 majors; some in Afghanistan Friday, 1 Aug 2014 | 5:20 PM ET

    WASHINGTON— About 550 Army majors, including some serving in Afghanistan, will soon be told they have to leave the service by next spring as part of a budget-driven downsizing of the service. John Campbell, the vice chief of the Army, acknowledged Friday that telling troops in a war zone that they're out of a job is a difficult task.

  • Microsoft sues Samsung in royalty dispute Friday, 1 Aug 2014 | 5:13 PM ET

    LOS ANGELES— Microsoft said Friday it is suing Samsung for threatening to stop paying Microsoft royalties for patents behind the Android operating system. Analyst Rick Sherlund of Nomura Securities has estimated royalties on its Android patents bring Microsoft nearly $2 billion a year.

  • Aug 1- Botox maker Allergan Inc on Friday accused rival Valeant Pharmaceuticals International and billionaire investor William Ackman of violating securities laws by using insider information as they prepared a takeover bid for the drug company.

  • Frank Perkins Hixon Jr., a former senior manager at the bank, was also ordered to pay $810,000 in fines and forfeitures to the government and $1.2 million in restitution to Evercore by U.S.

  • NEW YORK, Aug 1- Wall Street's worst week in two years was enough to get investors worried about whether a long-overdue correction is coming, but analysts are still leaning bullish. "The summer has been just tough because there has been very little to buy," said Kathleen Gaffney, portfolio manager of the Eaton Vance Bond Fund.