• 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..

  • 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."

  • 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- 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.

  • 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.

  • 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.

  • NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. U.S. stock trading was dogged by worries about Argentina's debt problems.

  • NEW YORK, Aug 1- Jeffrey Gundlach's DoubleLine Funds had net inflows of $603 million in July, with its flagship DoubleLine Total Return Bond Fund attracting net inflows of $375 million.

  • NEW YORK, Aug 1- Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.

  • Concerts on Yahoo make best of industry struggles Friday, 1 Aug 2014 | 3:08 PM ET

    Live Nation's partnership with Yahoo to stream one live concert every day is a rare win for music fans. The deal opens up a new revenue stream for Live Nation, which reported second quarter earnings Thursday that fell short on profit but beat Wall Street's revenue expectations.

  • Business News Digest Friday, 1 Aug 2014 | 1:37 PM ET


  • Allergan sues Valeant, claims fraud in buy attempt Friday, 1 Aug 2014 | 1:27 PM ET

    TRENTON, N.J.— Botox and eye-drug maker Allergan is suing a Canadian drugmaker and a hedge fund over their hostile takeover attempt, alleging insider trading and other fraud before their plan became public.

  • NEW YORK, Aug 1- Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in U.S. labor markets. Confusion over Federal Reserve policy and ongoing tensions in Ukraine and Gaza were blamed for the U.S. sell-off.

  • NEW YORK, Aug 1- World stock markets traded lower on Friday following the previous session's Wall Street sell-off, while the dollar dipped after U.S. jobs data eased investors' worries Federal Reserve policymakers were tilting toward raising interest rates.

  • HP to pay $32.5M to settle Postal Service dispute Friday, 1 Aug 2014 | 11:00 AM ET

    NEW YORK— Hewlett-Packard Co. has agreed to pay $32.5 million to settle allegations it overcharged the U.S. Postal Service for products over more than eight years. In the dispute, the United States alleged that HP failed to comply with pricing terms of its contract with the Postal Service.

  • Google confirms it sold barge docked in Maine Friday, 1 Aug 2014 | 10:55 AM ET

    PORTLAND, Maine— Google Inc. is confirming that the so-called " Google barge" it docked in Maine has been sold. Google envisioned it as one of three floating retail stores. Google initially had little to say about the barges, leading to speculation about its intentions.

  • *Ohio refinery to undergo turnaround in 4 Q. Aug 1- PBF Energy Inc is taking some crude by rail at its Ohio refinery via a third party, but the company may build its own offloading facility there, Chief Executive Officer Tom Nimbley told analysts on Friday.

  • Yahoo takes copyright law to top German court Friday, 1 Aug 2014 | 10:45 AM ET

    BERLIN— Yahoo says it has filed a complaint to Germany's highest court against a year-old law that broadened copyright protection for news material used on the Internet. The law aims to protect the copyright of news articles and other material on the Internet, but allows the use of "single words or small text passages" without royalties.

  • Chevron 2Q profit up on asset sales, oil prices Friday, 1 Aug 2014 | 9:35 AM ET

    NEW YORK— Chevron Corp. earnings rose 5.6 percent in the second quarter on asset sales and higher global oil prices, though oil and gas production slipped slightly. Chevron, based in San Ramon, California, said Friday that net income increased to $5.67 billion, or $2.98 per share, from $5.37 billion, or $2.77 per share, in the same quarter a year earlier.