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Business

Best Buy reports 1Q loss on restructuring costs

In this photo taken Friday, Apr. 26, 2013, Miele Account Manager Natasha Feldman showcases a Miele steam oven at the Pacific Sales at the Best Buy store in Glendale, Calif. Best Buy Co. Inc. reports quarterly financial results before the market opens on Tuesday, May 21, 2013.

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.

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Archive by category ''Business

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.
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.
CAREER COACH

Rex Huppke: Buzzwords are evil and must be stopped

I was dynamically engaging one of my fellow content marketers in the company brainstorming arena the other day, when I came up with a win-win value proposition for in-house onboarding of new talent to help us velocitize our organic campaigns. It's really a multichannel game-changer!
BUSINESS

US auto factories cutting back on summer downtime

Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.

3 hours ago
BUSINESS

Bernanke testimony to be studied for policy clues

When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.
BUSINESS

US auto factories cutting back on summer downtime

Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
BUSINESS

Japan's trade deficit hits $8.6B due to weaker yen

Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
BUSINESS

JPMorgan's Dimon survives shareholder referendum

Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank...
BUSINESS

Stocks gain on reassurance from a top Fed official

Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
BUSINESS

Volkswagen to put special fuel caps on diesels

Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel - not gasoline.