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Sears Holdings closing stores across U.S., most before Christmas, and cutting more than 5,000 workers.
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The Microsoft co-founder and billionaire also announced more than $12 million for new efforts.
Buffett's investment firm lost big on Coca-Cola and IBM this week, but it could be worse.
The company lost more than $14 billion in value.
Here's what you need to know about the markets before you start your business day.
AMC Networks is effectively taking over the BBC's cable channel in the United States in a $200 million deal announced on Thursday.
For Lucasfilm, the force was too strong in the name of Empire Brewing Co.'s 'Strike Bock' beer.
The FCC has paused its review of the proposed Comcast-Time Warner Cable merger; Comcast still expects the deal to get approved by early 2015.
Microsoft earnings slipped on restructuring plans, but sales boomed on the back of the cloud, Surface and Xbox.
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