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Dow hits another high...Oil prices dip...Berkshire Hathaway profit up 15 percent

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NEW YORK (AP) — Uncertainty over President Donald Trump's upcoming tax reform package is making some stock investors a bit skittish. There was far more selling than buying on Friday, but the Dow Jones industrial average managed to extend its winning streak to an 11th day. The Dow gained 11 points to close at 20,821. The S&P 500 rose over 3 points to 2,367. Both indexes are at all-time highs. The Nasdaq rose nearly 10 points to 5,845.

NEW YORK (AP) —Oil futures are down a bit. Benchmark U.S. crude fell 46 cents to $53.99 a barrel in New York on Friday. Meanwhile, Brent crude, the standard for pricing international oils, fell 59 cents, or 1 percent, to $55.99 a barrel in London.

OMAHA, Neb. (AP) — Warren Buffett's company says fourth-quarter profit improved 15 percent, but most of the gains came from the paper value of Berkshire Hathaway Inc.'s investments and derivative contracts. The Omaha, Nebraska-based conglomerate released its latest results Saturday along with Buffett's annual letter to shareholders. In his letter, Buffett warned investors to be wary of the high fees Wall Street routinely charges because of the damage they do to investment returns, and he emphasized his confident outlook in the U.S. economy.

CAMDEN, N.J. (AP) — The owners of a popular Jersey shore pizza restaurant chain who evaded taxes and lied to the IRS have been sentenced. Manco & Manco Pizza owner Charles Bangle was sentenced in federal court in Camden on Friday to 15 months in prison. His wife, Mary Bangle, was sentenced to three years of probation. Manco & Manco Pizza is located in Ocean City and has three stores on the boardwalk and one in Somers Point.

LAS VEGAS (AP) — A 200-seat arena for competitive video gaming is Las Vegas' newest effort to attract millennials. The e-sports venue housing dozens of game consoles is slated to open next Friday, when it hosts a $50,000-prize-pool Halo World Championship qualifier. The arena is downtown, within walking distance of various hotel-casinos.

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