Market Focus

Hershey

The maker of Reese’s Peanut Butter Cups and other treats saw volumes slip in North America because of price increases and weak demand in China. The company also cut its full-year sales forecast for the full year. Shares fell more than 2.5 percent to $89.73. Hershey’s sales are flat for the first time in years. Shares fell more than 2.5 percent to $89.73.

Sotheby’s

Sotheby’s saw its profits and sales slip in its latest quarter. The auction house blamed currency headwinds and said losses from the sale of a single painting dented results. Shares tumbled 7.5 percent to $37.49.

Cablevision 

Cablevision had subscriber growth in its most recent quarter. The company managed to beat estimates on both the top and bottom lines. Still, shares slipped more than 2.5 percent to $25.82.

General Electric & Capital One Financial

The credit card lender Capital One Financial is in talks to acquire General Electric’s healthcare finance unit, that’s according to a Reuters report. The deal will likely top $10 billion. GE was off a fraction to $25.79. Capital One also fell slightly to $80.82.

Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway said second quarter operating profit fell ten percent to about $4 billion. The decline reflects weaker results in its insurance operations. The “a” shares didn’t move much in after hours trading, but declined in the regular session to end the day at $215,462.

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