OMAHA, Neb. (AP) - Warren Buffett's company on Friday reported a 41 percent jump in its second-quarter profit that was boosted by a paper gain from a stock-swap deal completed earlier this year.
After years of expansion into areas like pet food and beauty products, Procter & Gamble announced on Friday that it would cut as many as 100 brands from its arsenal to focus on others, like Tide, that made the company a powerhouse over the decades.
GoPro Inc. (GPRO:US), in its first earnings release as a public company, reported a wider quarterly loss, helping to send shares down 15 percent.
A recent job fair in Philadelphia. The average monthly gain in payrolls across the country has been above 200,000 for the last six months.
Americans are still in love with SUVs. Sales by U.S. carmakers slowed a bit in July from the previous month, but strong demand for the family- and cargo-friendly sport utility vehicles kept the industry on the road to its best year since 2006.