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Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent.

Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok.

wallstreet july16 07aug20 U.S. stocks ended slightly higher on Friday after languishing in the red for most part of the day's session.

unitedairlines aug07 United Airlines is improving its sanitation procedure on flights as coronavirus pandemic continues to wreak havoc worldwide. The carrier is now cleaning pilot flight decks with Ultraviolet C lighting technology on most aircraft at its hub airports to disinfect the flight deck interior and continue providing...

reviveessentialoil aug07 Revive Essential Oil has recalled Wintergreen and Birch Essential Oils and Sore No More, Ache Away and Breeze Essential Oil Blends due to failure to meet child resistant packaging requirements. The company said the products contain the substance methyl salicylate which must be in child resistant packaging...

hand sanitizer 080720 Centers for Disease Control and Prevention warned that swallowing hand sanitizers that contain methanol can cause permanent blindness or death, if not treated. The federal health agency called on people to immediately discontinue use of hand sanitizers recalled by U.S. Food and Drug Administration. Some of the hand sanitizers that FDA banned from consumption in the country include the following:

unemploymentrate2 080720 Employment in the U.S. increased by more than expected in the month of July, according to a report released by the Labor Department on Friday.

uscoronavirus aug07 The United States recorded 1848 cornavirus-related casualties in the last 24 hours, the highest daily number since May 14. The U.S. also crossed the 160,000 mark for deaths on Thursday. With this, the total death toll in the country rose to 160104 as per Johns Hopkins University's latest data Friday. 59765 additional infections were reported in the last 24 hours, taking the national total to 48

Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.

ferringpharma aug07 Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL.

germany jun07 07aug20 Germany's industrial production and exports growth improved in June as the relaxation of the coronavirus containment measures both within the economy and abroad boosted demand at the start of the third quarter. Industrial production advanced 8.9 percent month-on-month in June, faster than the 7.4 percent increase seen in May, data from Destatis revealed on Friday.

tiktok aug07 U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.

gm aug07 Cadillac, General Motors' prestige sport-luxury vehicle brand, unveiled its all-electric Cadillac Lyriq sports utility vehicle (SUV) during an online live stream event on Thursday. The Lyriq show car, as it is called, is the first introduction of Cadillac's electric portfolio, 111 years after it was acquired by GM. Lyriq is expected to enter production in late 2022 as a 2023 model-year vehicle.

wallstreet aug07 Worldwide infection of COVID-19 crossed 19 million and the U.S. is reaching five million cases. The death toll is expected to reach 300,000 by December, doubling from the current 160,000. The market trends are highly influenced by the rising cases of coronavirus. Monthly Jobs report and earnings news...

dishnetwork may03 07aug20 DISH Network Corp. (DISH) reported Friday that net income for the second quarter grew from last year, despite a small revenue drop. Earnings per share and quarterly revenues also topped estimates. Net income for the quarter increased to $452 million or $0.78 per share from $317 million or $0.60 per share in the prior-year quarter.

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