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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...

Zillow, Stamps.com rise; Uber, Illumina fall

Aug. 7, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Zillow Group Inc., up $8.34 to $79.76. The online real estate marketplace reported results that were far ahead of analysts' forecasts as more people looked for homes online during the pandemic. Uber Technologies Inc., down $1.81...

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...

OraSure, Becton, Dickinson fall; Bausch, Vista Outdoor rise

Aug. 6, 2020 4:24 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Becton, Dickinson and Co., down $23.82 to $259.61. The maker of medical equipment gave a forecast for earnings this fiscal year that fell short of analysts’ expectations. Sealed Air Corp., up $3.21 to $39.85. The...

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...

Disney, Monster Beverage rise; Teladoc, Nikola fall

Aug. 5, 2020 4:25 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Walt Disney Co., up $10.32 to $127.61. The entertainment conglomerate reported earnings that didn't fall as much as Wall Street had feared. Teladoc Health Inc., down $47.41 to $202.01. The telemedicine provider will buy...

Mosaic, Take-Two Interactive rise; Ralph Lauren falls

Aug. 4, 2020 4:29 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday: Ford Motor Co., up 17 cents to $6.86. The company named chief operating officer Jim Farley to take over as CEO beginning in October. Mosaic Co., up $1.85 to $15.53. The fertilizer maker reported results that easily beat the...

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J.  The pandemic increased sales of Merck medicines during the first quarter of 2020, as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands.   (AP Photo/Seth Wenig, File)

Merck ups outlook, turns profit during global vaccine hunt

Jul. 31, 2020 12:42 PM EDT

FAIRLESS HILLS, PA (AP) — Surging sales of cancer medicines and reduced spending across the board helped Merck overcome a big hit from the coronavirus pandemic and pushed second quarter profits up by 12%. The drugmaker blew past Wall Street projections and boosted its financial forecast for the year...

A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)

Asian benchmarks tumble, looking to earnings, central banks

Jul. 31, 2020 12:16 AM EDT

TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout from the...

UPS, Apache rise; Yum China, Citigroup fall

Jul. 30, 2020 4:25 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Apache Corp., up $2.36 to $16.01. The energy company said it's made a major oil discovery off the coast of Suriname in South America. Citigroup Inc., down $1.65 to $50.87. Financial services stocks were broadly lower as bond...