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  • Berkshire Hathaway builds stake in refiner Phillips 66 Saturday, 29 Aug 2015 | 3:07 PM ET

    Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...

  • In reversal, abundant grain trains available for harvest Saturday, 29 Aug 2015 | 10:33 AM ET

    The reversal is attributed to unprecedented spending on track upgrades, political pressure from politicians in agriculture-rich states and a drastic decrease in trains hauling crude and freight to and from western North Dakota's oil-producing region. "There had been some uncertainties but it has gradually gotten better," said Josh Mardikian, grain...

  • Aug 28- Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. "A lot of investors are rebalancing their portfolios before going into the weekend," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin.

  • Aug 28- Wall Street was moderately lower on Friday afternoon after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected. Many on Wall Street have hoped the recent global market turbulence and worries about China's economy would lead the Fed to hold off raising rates, an expectation...

  • NEW WINDSOR, N.Y.— A pilot died when his propeller-driven stunt plane crashed while he was practicing tricks for a weekend air show in New York's Hudson Valley, state police said Friday. Trooper Steven Nevel said the accident happened around 2 p.m. Friday at Stewart International Airport in the Orange County town of New Windsor, where the New York Air Show is...

  • *U.S. heading in the direction of rate hike- Fed's Fischer. Aug 28- U.S. stocks looked set to snap a two-day rally on Friday after comments by a top Federal Reserve official appeared to suggest that a September rate rise was still possible. Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic...

  • GameStop falls on outlook analysts call 'conservative' Friday, 28 Aug 2015 | 12:30 PM ET

    NEW YORK— Shares of GameStop skidded Friday after the video game retailer reported strong second-quarter results but gave a forecast that disappointed Wall Street. GameStop said sales of downloadable content for "Batman: Arkham Night" and "Witcher 3" powered its results, and the company's adjusted profit and revenue came in above Wall Street estimates.

  • US STOCKS-Wall St slips after Fischer's remarks Friday, 28 Aug 2015 | 12:24 PM ET

    *Freeport-McMoRan rises after Icahn discloses stake. Aug 28- U.S. stocks slipped on Friday after comments from an influential member of the U.S. Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic data had been impressive.

  • *Freeport-McMoRan rises after Icahn discloses stake. "Today's selloff is normal after the two enormous upward days that we had," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas. Data for August 20-26 showed a record $28 billion in outflows from equity funds.

  • Aug 27- GameStop Corp, the world's largest retailer of video games and related products, reported higher-than-expected quarterly revenue and profit, helped by new releases such as "Batman: Arkham Knight" and "The Witcher 3: Wild Hunt". GameStop is set to benefit from a strong slate of video game releases in the second half of the year, mainly in the fourth quarter, such...

  • Texas judge wants $10M set aside in 'Fifty Shades' case Thursday, 27 Aug 2015 | 4:38 PM ET

    DALLAS— A Texas judge has told lawyers for an Australian woman and her publishing company to set aside $10 million for a former business partner who says she was defrauded out of her rightful share from the sale of the erotic best-seller "Fifty Shades of Grey" and two companion novels. State District Judge Susan McCoy said Wednesday that she wants the money...

  • Zoe's beats Street 2Q forecasts Thursday, 27 Aug 2015 | 4:33 PM ET

    PLANO, Texas _ Zoe's Kitchen Inc. on Thursday reported second-quarter net income of $120,000. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Five analysts surveyed by Zacks expected $53.5 million.

  • GameStop beats Street 2Q forecasts Thursday, 27 Aug 2015 | 4:21 PM ET

    GRAPEVINE, Texas _ GameStop Corp. on Thursday reported fiscal second-quarter earnings of $25.3 million. GameStop expects full-year earnings in the range of $3.66 to $3.86 per share. GameStop shares have increased 37 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped 3.5 percent.

  • NEW YORK— Sprint is offering DirecTV customers one free year of cellphone service in a bold move aimed at the satellite TV company's new owner, AT&T. AT&T, which bought DirecTV for $48.5 billion in July, has been promoting a bundle that knocks $10 a month off a combined bill for video and wireless phone service. For a single line, the value of Sprint's promotion is...

  • SAN ANTONIO, Venezuela, Aug 27- The border bridge is usually choked with motorbikes and U.S. gas guzzling cars, leading into loud and grimy streets where traders hawk wares but smugglers hide theirs. Yet San Antonio, on Venezuela's border with Colombia, is this week a ghost town. The city's reliance on Colombia is starkly evident after Venezuela closed the border...

  • PARIS, Aug 27- Pernod Ricard delivered full-year profit below expectations on Thursday, sending its shares down 5 percent as a writedown on its flagship Absolut vodka brand highlighted difficulties in its U.S. market. The world's second-biggest spirits group behind Britain's Diageo also poured cold water on recent hopes of an improvement in China, pointing...

  • IRVING, Texas— Shares of Michaels Cos. The Irving, Texas, company said it now expects full-year earnings of between $1.66 and $1.72 per share, up a penny on both ends of the range from a forecast it made in June. That beat average expectations on Wall Street by a penny, according to Zacks Investment Research.

  • Greatbatch buying Lake Region Medical in $1.73B deal Thursday, 27 Aug 2015 | 7:03 AM ET

    FRISCO, Texas— Medical components maker Greatbatch is buying Lake Region Medical in a cash-and-stock deal valued at about $1.73 billion. Greatbatch Inc. will pay about $478 million in cash, assume approximately $1 billion of Lake Region Medical Inc.' s debt and issue 5.1 million shares of common stock and options to Lake Region Medical's shareholders.

  • PMFG reports 4Q loss Thursday, 27 Aug 2015 | 6:18 AM ET

    DALLAS _ PMFG Inc. on Thursday reported a loss of $6.7 million in its fiscal fourth quarter. The Dallas- based company said it had a loss of 31 cents per share. For the year, the company reported that its loss narrowed to $8.5 million, or 40 cents per share.

  • Labor trouble with pilots deepens at Republic Airways Wednesday, 26 Aug 2015 | 7:18 PM ET

    DALLAS— The Teamsters group representing pilots at Republic Airways is balking at allowing a vote on the company's contract offer, deepening the rift between labor and management at the regional airline. He said the Teamsters national organization could override the local and order a ratification vote. Shares of Indianapolis- based Republic Airways...