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Business News
German central bank: Economy to improve 'markedly'
FRANKFURT, Germany (AP) -- Germany's central bank expects the country's economy to improve "markedly" in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession....
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Best Buy reports 1Q loss on restructuring costs
MINNEAPOLIS (AP) -- Best Buy Co. on Tuesday reported a loss in 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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Vodafone annual profits up 1.9 percent
LONDON (AP) -- U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations....
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Burberry's profit hit by perfume deal's demise
LONDON (AP) -- British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31....
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Housing recovery boosts Home Depot 1Q results
ATLANTA (AP) -- Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery....
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