Corporate news

OMAHA, Neb. (AP) — Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of its stock investments. Buffett said Saturday that Berkshire Hathaway's businesses are performing well overall, but it has to record the market value...

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn't found any major deals at attractive prices recently. Buffett released his annual letter to Berkshire Hathaway Inc. shareholders on Saturday. He...

TIRANA, Albania (AP) — Albania's Defense Ministry says it has found scores of hand grenades in a northern city that are believed to have been looted from army depots in 1997 during civil unrest sparked by a failed Ponzi scheme. A statement Saturday said a town hall cleaning staff in Puke, 140...

BISMARCK, N.D. (AP) — The developer of the Dakota Access oil pipeline is going after the environmental group Greenpeace in state court in North Dakota, after a judge tossed the company's $1 billion racketeering claim out of federal court. Texas-based Energy Transfer Partners on Thursday sued...

WASHINGTON (AP) — President Donald Trump announced Friday that he has selected Kelly Craft, the U.S. ambassador to Canada, as his nominee to serve as the next U.S. ambassador to the United Nations. Trump said in a pair of tweets that Craft "has done an outstanding job representing our Nation" and...

A group of Microsoft workers is demanding the company cancel a contract supplying the U.S. Army with HoloLens headsets that they say would turn real-world battlefields into a video game. Microsoft's head-mounted HoloLens displays use augmented reality, which means viewers can see virtual imagery...

Misbehaving owners of sports teams have drawn headlines pretty much since sports have been around. Now, New England Patriots owner Robert Kraft faces misdemeanor charges of soliciting a prostitute after police said he was twice videotaped paying for a sex act at a massage parlor in Florida amid a...

Technology and health care companies led U.S. stocks higher in afternoon trading Friday, erasing some of the market's losses from a day earlier and placing the benchmark S&P 500 on track for its fourth straight weekly gain. The broad rally came as investors weighed a mixed batch of corporate...

DETROIT (AP) — AutoNation, the country's largest auto dealership chain, went outside the auto industry to find its new chief executive, appointing a top leader from the USAA financial services company. The Fort Lauderdale, Florida, chain announced Friday that Carl Liebert will take over for the...

FRANKFURT, Germany (AP) — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. The two competitors for luxury car customers said Friday...