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By Chris Burritt, Bloomberg |
May 21, 2013
Best Buy Co., the world’s largest consumer-electronics retailer, posted an $81 million first-quarter net loss as the company lowers prices to compete with online rivals.
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By Chris Burritt, Bloomberg |
May 21, 2013
Home Depot Inc., the largest U.S. home-improvement retailer, posted first-quarter profit that topped analysts’ estimates and raised its forecast for earnings this year as the housing rebound boosts renovation spending.
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By Chris Burritt, Bloomberg |
April 11, 2013
Apple Inc., Analog Devices Inc. and Garmin Ltd. are among the U.S. companies with the most firepower to extend the biggest surge in stock buybacks since the 1980s.
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By Chris Burritt, Bloomberg |
November 20, 2012
Best Buy Co., the consumer-electronics retailer being evaluated for a takeover by its founder, posted a $10 million fiscal third-quarter net loss as sales at established stores fell more than expected.
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By Chris Burritt, Bloomberg |
November 19, 2012
Lowe’s Cos. surged the most in more than three years after fiscal third-quarter profit topped analysts’ estimates, helped by the recovering housing market and preparations for superstorm Sandy.
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By Chris Burritt, Bloomberg |
November 13, 2012
Home Depot Inc., the largest U.S. home-improvement retailer, posted third-quarter profit that topped analysts’ estimates as the recovering U.S. housing market prompted customers to spend more on home repairs.
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By Chris Burritt, Bloomberg |
August 27, 2012
Best Buy Co., the world’s largest electronics retailer, and founder Richard Schulze reached an agreement that will allow him to conduct due diligence in his effort to acquire the retailer.
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By Chris Burritt, Bloomberg |
August 20, 2012
Best Buy Co. named a new chief executive officer and sparred with founder Richard Schulze, who is trying to acquire the electronics retailer. The stock declined in early trading.
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By Chris Burritt, Bloomberg |
August 7, 2012
CVS Caremark Corp., the largest provider of prescription drugs in the U.S., reported second- quarter profit that exceeded analysts’ estimates, helped by customers it gained from Walgreen Co.
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By Chris Burritt, Bloomberg |
June 25, 2012
Europe’s debt crisis is putting pressure on corporate earnings globally with companies from Procter & Gamble Co. to Danone cutting forecasts and signaling profits will fall at more companies this year.
