Mario Anzuoni / Reuters Berkshire Hathaway’s Warren Buffett saw an 11% drop in revenue in the second quarter, but nearly $ 30 billion in year-on-year investment gains meant its net income grew 86% to $ 26.3 billion. The investor’s famous conglomerate reported $ 13 billion in net sales last year, …
Read More »Kodak Pharma deal was held on reported stock movement issues
Participants spoke with a business representative at the Eastman Kodak booth at an International Consumer Electronics Show. Daniel Acker | Bloomberg | Getty Images A deal that Eastman Kodak would have received funds to produce drug ingredients that could have helped fight the coronavirus is on hold. In a tweet …
Read More »Coronavirus has already hit the Social Security finances. Trump’s holiday payroll tax may make it less so
The executive order of President Donald Trump to postpone, and possibly forgive, tax cuts could leave Social Security and Medicare on even shakier ground. © Alex Brandon / AP President Donald Trump looks at his phone during a round table with executives about reopening America’s small businesses, in the White …
Read More »Ford, Bush’s Presidential Adviser Brent Scowcroft dies at 95
In a study of Scowcroft’s career, historian David F. Schmitz notes that Scowcroft had been at the center of several post-Vietnam War discussions on American foreign policy. He was part of the presidency administrations that struggled with American responses to the collapse of communism in Europe, the collapse in China …
Read More »UPS plans to raise holiday pay by noon of coronavirus-related crashes
Fox Business Flash headlines are here. See what’s clicking on FoxBusiness.com. United Parcel Service Inc. UPS + 7.57% plans to impose hefty fees on major skippers during the holiday season, reflecting the added complexity and cost of an expected crunch of online orders amid the coronavirus pandemic. HOMEBOUND SHOP FULL …
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