MINNEAPOLIS (AP) - 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.
Its adjusted earnings beat Wall Street expectations, but revenue fell short as the
LONDON (AP) - 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.
But shares in the Burberry Group PLC rose just over 1 percent to 14.83 pounds Tuesday after the company reported
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - 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.
The Bundesbank said Tuesday that Europe
OVERLAND PARK, Kan. (AP) - Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.
Sprint said late Monday that SoftBank had waived
ATLANTA (AP) - 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.
Its quarterly results topped Wall Street's view and the world's biggest home improvement chain boosted its full-year
By STEPHEN OHLEMACHER and ALAN FRAMAssociated Press
WASHINGTON (AP) - The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he
By MARY CLARE JALONICKAssociated Press
WASHINGTON (AP) - The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.
The Obama administration said Monday it wants to see more cuts to crop insurance and farm subsidies in the
By DAVID ESPO and ERICA WERNERAssociated Press
WASHINGTON (AP) - The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final drafting decisions on immigration legislation that grants a
By BETH J. HARPAZAssociated Press
NEW YORK (AP) - Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom,
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.
Benchmark crude for June delivery was up 16 cents to $96.87 per barrel at midday Bangkok