Housing recovery boosts Home Depot 1Q results
Michelle Chapman and Mae Anderson, Associated Press |
posted 4 minutes ago
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
Lew: IRS actions "unacceptable and inexcusable"
Martin Crutsinger, Associated Press |
posted 5 minutes ago
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
GM to invest $44.5M in Lansing Cadillac factory
Phillip Lucas, Associated Press |
posted 10 minutes ago
General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs.
JPMorgan's Dimon faces shareholder referendum
Christina Rexrode, Associated Press |
posted 34 minutes ago
Jamie Dimon, chairman and CEO JPMorgan Chase, told shareholders Tuesday that last year's $6 billion trading loss had been expensive and "extremely embarrassing," but he also asked shareholders not to fixate on the issue.
Best Buy reports 1Q loss on restructuring costs
Mae Anderson, Associated Press |
posted May 21st - 8:08am
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.
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.
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