Latest Corporate stock News

FILE - In this March 9, 2020, file photo, a security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, Aug. 9, 2020, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. (AP Photo/Amr Nabil, File)

Saudi Aramco half-year profits plunge 50% from virus impact

Aug. 9, 2020 5:01 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. Profits for the first six months of the...

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)

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

Aug. 8, 2020 4:31 PM EDT

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 parts manufacturing business because of the economic impact...

Closing prices for crude oil, gold and other commodities

Aug. 7, 2020 3:20 PM EDT

Benchmark U.S. crude oil for September delivery fell 73 cents to settle at $41.22 a barrel Friday. Brent crude oil for October delivery fell 69 cents to $44.40 a barrel. Wholesale gasoline for September delivery fell 2 cents $1.21 a gallon. September heating oil fell 3 cents to $1.22 a gallon. September natural...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

Closing prices for crude oil, gold and other commodities

Aug. 6, 2020 3:54 PM EDT

Benchmark U.S. crude oil for September delivery fell 24 cents to settle at $41.95 a barrel Thursday. Brent crude oil for October delivery fell 8 cents to $45.09 a barrel. Wholesale gasoline for September delivery rose 1 cent $1.23 a gallon. September heating oil fell 1 cent to $1.25 a gallon. September natural...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...

Closing prices for crude oil, gold and other commodities

Aug. 5, 2020 3:25 PM EDT

Benchmark U.S. crude oil for September delivery rose 49 cents to settle at $42.19 a barrel Wednesday. Brent crude oil for October delivery rose 74 cents to $45.17 a barrel. Wholesale gasoline for September delivery rose 1 cent $1.22 a gallon. September heating oil was little changed at $1.26 a gallon. September...

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)

Buffett's firm has bought $2.1B of Bank of America stock

Aug. 5, 2020 12:01 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company has bought $2.1 billion of Bank of America stock over the past three weeks after the latest purchases of $340 million of shares. Berkshire Hathaway Inc. said Tuesday it bought 13.6 million Bank of America shares between Friday and Tuesday. The Omaha,...

People wearing face masks to help protect against the spread of the new coronavirus pass on a crosswalk on a street in Tokyo, Tuesday, Aug, 4, 2020. (AP Photo/Koji Sasahara)

The Latest: Japan governor touts gargling product for virus

Aug. 4, 2020 11:22 PM EDT

TOKYO — A governor in Japan is drawing skeptical criticism after he touted a gargling product as effective against the coronavirus, an assertion that, despite its dubiousness, emptied some store shelves of the medicine. Shares of Shionogi & Co. and Meiji Holdings Co., which make Isojin, soared in Tokyo...

FILE - This Jan. 25, 2011 file photo shows a Kodak slide projector in Philadelphia.  Photography company Eastman Kodak is set to receive a $765 million government loan to create a new division that will help make ingredients for use in generic drugs. Kodak Pharmaceuticals will make critical pharmaceutical ingredients that have been identified as essential but have lapsed into chronic national shortage, as defined by the Food and Drug Administration.  (AP Photo/Matt Rourke, File)

Questions being raised after Kodak's stock has a big moment

Aug. 4, 2020 9:11 PM EDT

Eastman Kodak's potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant. Kodak's depressed stock price surged last week before the company announced its plans to work with President Donald...