Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRKa) reported that its fourth quarter profit improved nearly 15 percent from the year-ago quarter. Meanwhile, the company's operating earnings declined from the previous year period. Net earnings attributable to Berkshire shareholders improved nearly 15 percent to $6.286 billion from the year-ago quarter's $5.48 billion.
Cempra Inc.'s oral Fusidic acid has met the primary endpoint in a phase III study of ABSSSI.
After reporting a steep drop in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing that new home sales rebounded in the month of January. The report said new home sales climbed by 3.7 percent to an annual rate of 555,000.