Best Buy shares slip after report that 1st-qtr profit fell 15 pct as shoppers limited spendingNEW YORK — Best Buy Co. Inc. is winning over customers left stranded when Circuit City closed, but it is still struggling with sluggish sales as shoppers continue to limit big purchases and Wal-Mart steps up competition. Best Buy 1st-quarter profit falls 15 percent as same-store sales drop but beats expectationsNEW YORK — Best Buy Co. Inc. reported Tuesday that its first-quarter profit fell 15 percent, even as its biggest competitor exited the market, as recession-weary shoppers cut back on items like appliances and digital cameras. BofA, Wendy’s/Arby’s, Boeing, Palm, Del Monte among big market movers ThursdayNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: USA Today eyes mobile platforms, plans new service for digital replicas of printNEW YORK — USA Today’s new publisher said Wednesday he hopes to expand the newspaper’s revenue from mobile phones and portable electronic reading devices, and pledged to fight The Wall Street Journal’s bid for readers in hotels. USA Today to charge readers for new ‘e-edition’ launching this summer, publisher saysNEW YORK — The new publisher of USA Today plans to introduce an electronic replica of the printed newspaper and charge readers for it. Don’t reach out and touch anyone: Japan to see if phones can help limit pandemicsTOKYO — A few months from now, a highly contagious disease will spread through a Japanese elementary school. The epidemic will start with several unwitting children, who will infect others as they attend classes and wander the halls. Himachal to buy anti-hail guns for crop protectionSHIMLA - Himachal Pradesh is floating global tenders for purchase of anti-hail guns to protect the fruit crop from hailstorms that are common in the state, an official said Saturday. Stocks rise moderately after job cuts slow in May, but unemployment rate rises to 9.4 percentNEW YORK — The Dow Jones industrial average is pushing into positive territory for the year after a better-than-expected report on the job market. Sprint CEO says Palm Pre smart phone release is ‘coming out party’ for wireless carrierNEW YORK — No doubt bolstered by positive reviews, Sprint Nextel Corp. CEO Dan Hesse said Saturday’s release of Palm Inc.’s Pre smart phone represents a “coming out party” for Sprint as it seeks to reverse subscriber losses. Stocks modestly higher as report says employers cut fewer than expected jobs in MayNEW YORK — Mixed signals from the government’s monthly jobs report are giving investors reason to be cautious. US stock futures soar as report says employers cut fewer jobs in May than expectedNEW YORK — U.S. stock futures pushed higher Friday as investors cheered a government report that said employers cut fewer jobs than expected last month. US stock futures point to higher open ahead of crucial monthly tally of job lossesNEW YORK — U.S. stock futures moved higher Friday as investors hoped the government’s tally on job losses in May would provide further evidence that the economy is healing. Grumbling behind bars: Prisons cut back meals to save, critics say hungry inmates turn violentATLANTA — The recession is hitting home for inmates, too: Some cash-strapped states are taking aim at prison menus. Teenagers rounded up for smoking hookah in PunjabLUDHIANA - Over 50 teenagers were rounded up by the police for smoking hookahs at coffee shops here Thursday. The hookahs were ostensibly flavoured with fruit flavours but contained nicotine, police said. Obama administration reverses Bush’s immigration lawyer ruleWASHINGTON — A rule limiting access to lawyers for immigrants facing deportation has been tossed out by the Obama administration. Olympic gold medallist’s father questioned over alleged fraudNEW DELHI - Delhi Police Wednesday questioned India’s lone Olympic gold medallist Abhinav Bindra’s industrialist father A.S. Bindra, who had been hospitalised for chest pain after his arrest for an alleged multi-million rupee fraud. Much rides on Palm’s new Pre smart phone, both for handset maker and wireless carrier SprintNEW YORK — When Palm Inc.’s and Sprint Nextel Corp.’s latest bundle of smart phone joy, the Pre, arrives Saturday, it will be entering an increasingly crowded market backed by parents that have a lot riding on its success. Tetris celebrates 25th birthday this weekLONDON - Tetris, the much-loved computer block game, is celebrating its 25th anniversary this week. Google to sell e-books to challenge Amazon.comWASHINGTON - Seeking to find common ground with authors, who have complained about copyright violations through search services, Google plans later this year to begin distributing and selling e-books on behalf of its publishing partners. Dow Jones industrial average adds Travelers and Cisco Systems Inc., drops Citigroup and GMNEW YORK — The Dow Jones industrial average is the latest Wall Street institution to be reshaped by the financial crisis. Deep in Afghan countryside, US platoon seeks out friends and chases elusive foeTATAR, Afghanistan — Lt. Eric Schwirian speaks softly, smiles a lot and shakes many wary hands during his platoon’s three-day trek deep into an Afghan valley, looking for a fight with the Taliban. Barack Obama to enjoy date night on Broadway with Michelle in NYCNEW YORK - US President Barack Obama, who makes his first trip to the Big Apple as the commander in chief today, will enjoy a date night on Broadway with First Lady Michelle Obama. Free iPhones at Japan university may prove costly for some as GPS keeps tabs on truantsTOKYO — A prestigious Japanese university is giving away hundreds of iPhones, in part to use its Global Positioning System to nab students that skip class. US stocks rise after sharp jump in consumer confidenceNEW YORK - Stocks climbed more than two percent across the board Tuesday following a dramatic leap in consumer confidence to 54.9 in May, an eight-month high and a steep rise from 40.8 in April. Fraud accused Bindra discharged from hospitalCHANDIGARH - Olympic gold medallist Abhinav Bindra’s businessman father A.S. Bindra, who was hospitalised when he complained of chest pain after being arrested last week for an alleged multi-million rupee fraud, was discharged from a hospital here Saturday evening. Apple crop affected due to adverse weather conditions in Himachal PradeshKULLU - The apple crop in Kullu has been affected due to lack of adequate snowfall and rains in Kullu in Himachal Pradesh. Andy Murray loves to wolf down foodLONDON - The world’s third best tennis player, Andy Murray, has another quality - a huge capacity to eat. Stone crusher spells menace for Himachal farmersSANGLA - Stone crusher being operated by a private hydropower Construction Company in Sangla valley of Himachal Pradesh is spelling menace for the farmers as the dust from the crusher is damaging plants and fruit crops. Rihanna dating new guy?LONDON - Singer Rihanna is allegedly romancing actor-turned-rapper Aubrey ‘Drake’ Graham. The 21-year-old hit a New York nightclub with six friends Sunday night and was spotted kissing one of the men in the party and the New York Post has named her new love interest as 22-year-old actor and musician Graham, reports contactmusic.com. Local court rejects Bindra’s transit bail pleaCHANDIGARH - A court in Mohali Tuesday rejected the transit bail plea of Olympic gold medallist Abhinav Bindra’s father A.S. Bindra, who was arrested last week for over Rs.90 million (Rs.9 crore) fraud and is under treatment in a Chandigarh hospital after he complained of chest pain. |
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