This morning, Best Buy (BBY) reported a first quarter loss of $81 million, or 24 cents per share, as restructuring costs weighed on results. Excluding certain one-time items, the company earned 32 cents per share, beating consensus estimates.
What’s News: Sprint Nextel boosts its offer for Clearwire by 14%. Home Depot raises outlook after posting an 18% jump in quarterly profits. President Obama promises help to Oklahoma after destructive tornadoes. Joanne Po reports. Photo: Getty Images
President Barack Obama promised on Tuesday to make available all necessary U.S. government resources to Oklahoma to help in the rescue and recovery effort in the aftermath of a devastating tornado. "The people of Moore (Oklahoma) should know that their country will remain on the ground, beside them, for as ...
Joann Lublin explains why regardless of whether JP Morgan shareholders approve Jamie Dimon retaining his dual role as chairman and CEO, a shakeup on the big bank's board of directors is likely. Photo: Getty Images.
A deadly tornado rushes toward the U.S. community of Oklahoma City. The two-mile wide wind tunnel ripped through the state capital on Monday. This amateur video uploaded to YouTube shows the tornado descending on the city's suburb of Moore. U.S. President Barack Obama declared a major disaster area in Oklahoma ...
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