Business
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. on Tuesday reported a loss for 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.
Business
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BUSINESS
Housing recovery boosts Home Depot 1Q results
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
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BUSINESS
Lew: IRS actions "unacceptable and inexcusable"
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.
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BUSINESS
United Tech CEO sees stronger economy, airlines
The chief executive of aerospace giant United Technologies Corp. is optimistic about an improving economy and airline industry.
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BUSINESS
Stock indexes head higher in afternoon trading
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.
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BUSINESS
Burberry's profit hit by perfume deal's demise
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year.
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BUSINESS
Herbalife names Pricewaterhouse new auditor
Herbalife Ltd. says it has hired PricewaterhouseCoopers to be its new auditor.
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BUSINESS
JPMorgan's Dimon survives shareholder referendum
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.
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BUSINESS
Oil slips as traders wait for Fed, supply data
The price of oil fell Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.
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BUSINESS
Indexes edge higher on Wall Street in midday trade
Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
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BUSINESS
GM to invest $44.5M in Lansing Cadillac factory
General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs.
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