* Berkshire Hathaway's operating earnings in the second quarter fell year-on-year to $4.12 billion from $4.61 billion.
* Brookings, S.D.-based First Bank & Trust is buying two Minneapolis-based Duke Financial Group units — Peoples Bank of Commerce and State Bank of New Prague.
* Goldman Sachs' planned sale of its 33% stake in Rothesay Life to Massachusetts Mutual Life Insurance, Blackstone Group and the Government Investment Corp. of Singapore could value the pensions firm at approximately £2 billion, sources told Sky News.
* Catastrophe bond issuance for the second quarter reached $6.38 billion, beating the quarterly record set in 2014 at $4.49 billion, industry observer Aon Benfield reported.
* Level Money — Capital One Financial's personal finance app — is shutting down Sept. 1.
* Moody's cited Molina Healthcare's poor second-quarter financial results and company-wide restructuring for downgrading the company's senior unsecured debt ratings to B2 from Ba3. The agency also downgraded the insurance financial strength ratings of six of Molina Healthcare's units to Ba1 from Baa3.
* The Securities and Exchange Commission initiated administrative and cease-and-desist proceedings against Black Diamond Asset Management and Robert Wilson, the investment adviser's chief investment officer and chief compliance officer, over allegations of fraud and violation of certain provisions of the Advisers Act.
* After exiting from the U.S. equities market, CLSA Americas is facing legal action from former employees for allegedly failing to pay their bonuses in 2016, the Financial Times reports.
* Financial institutions have paid over $150 billion in credit crisis-related fines in the U.S., the Financial Times reports.
The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.