Best Buy profit tops estimates, sales missComments OffBest Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term. |
Risky Bank Debt Insurance Costs Drop as New Rules LoomComments OffTraders and investors are dumping contracts designed to protect them against losses on bank bonds, not because they feel more relaxed about the risk on these bonds, but because proposed new rules on how these insurance-like instruments work could rende… |
Vodafone says comfortable with Verizon Wireless status quoComments OffVodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it. |
Temasek Bought US$198 Million Of ICBC Shares Sold By Goldman SachsComments OffSingapore state investment company Temasek Holdings Pte. Ltd. bought part of the shares sold by Goldman Sachs Group in Industrial & Commercial Bank of China Ltd. (1398.HK), in its latest acquisition of Chinese bank stakes. |
Best Buy Profit Beats Estimates, Sales MissComments OffThe consumer electronics chain reported weaker-than-expected quarterly sales and warned that a slew of investments to win back shoppers could squeeze profits in the near term. |
