Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
Futures fall as markets await hints from Fed
Associated Press |
posted May 21st - 5:54am
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.
Housing recovery boosts Home Depot 1Q results
Mae Anderson and Michelle Chapman, Associated Press |
posted May 21st - 4:45am
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Small company stock are a bright spot
Steve Rothwell, Associated Press |
posted May 20th - 3:53pm
Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
Indexes edge higher on Wall Street in early trade
The Associated Press |
posted 39 minutes ago
Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
German central bank: Economy to improve 'markedly'
David Mchugh, Associated Press |
posted May 21st - 7:20am
Germany's central bank expects the country's economy to improve "markedly" in the second quarter _ a development that could boost the wider eurozone as it struggles to get out of recession.
Vodafone annual profits up 1.9 percent
Associated Press |
posted May 21st - 5:37am
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.
Burberry's profit hit by perfume deal's demise
Associated Press |
posted May 21st - 4:49am
British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31.
Average credit card debt, late payments fall in 1Q
Alex Veiga, Associated Press |
posted May 21st - 4:12am
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
SBA starting new lending program for veterans
Joyce M. Rosenberg, Associated Press |
posted May 21st - 3:03am
The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.
British inflation eases by more than expected
Danica Kirka, Associated Press |
posted May 21st - 3:03am
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.
Average credit card debt, late payments fall in 1Q
Alex Veiga, Associated Press |
posted May 20th - 10:02pm
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
Lew taps government retiree pension fund
Martin Crutsinger, Associated Press |
posted May 20th - 6:52pm
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.
Warren Buffett enjoys playing salesman-in-chief
Associated Press |
posted May 20th - 5:35pm
Billionaire Warren Buffett isn't just Berkshire Hathaway's chairman and CEO. He's also the chief salesman.
Warren Buffett gives young entrepreneurs 10 shares
Josh Funk, Associated Press |
posted May 20th - 4:50pm
Meeting Warren Buffett was exciting, but 10-year-old Matthew Meyer said winning $5,000 and 10 shares of stock in Buffett's company made Monday the best day of his life.
Actavis buying Warner Chilcott in $8.5B deal
Michelle Chapman and Tom Murphy, Associated Press |
posted May 20th - 4:33pm
Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
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