Posts tagged "Amazon"
Best Buy Will Cut 2,400 Jobs
NEW YORK – The overwhelmed electronics retailer, Best Buy, plans to cut about 2,400 jobs, or 1.4% of its workforce, including 600 technicians in the area of installation and repair services, confirmed on Friday by the company spokesman. The latest cuts are in addition to those announced in March with the closing of 50...
Best Buy Sends Signal of Confidence
NEW YORK – The chain of consumer electronics, Best Buy, reported quarterly results better than expected and maintained its outlook for the year—thanks to progress in its recovery plan. The results drove shares of the largest consumer electronics chain in the world by almost 4% and also eased concerns about the future of the retailer,...
Facebook’s Debut Lifted Investors’ Spirits
NEW YORK - U.S. stocks opened higher on Friday as the debut of Facebook titles lifted the spirits of investors. Shares of the largest online social network start trading at 1500 GMT. Still, the major indexes are on track to close its worst week of 2012 under pressure from the financial and political crisis in...
Amazon Sales Jump 34%
NEW YORK - Amazon.com Inc. reported sales of $13.180 billion for the first quarter. This was a jump of 34% over the same period a year ago and above Wall Street projections. The net profit was $130 million, or 28 cents per share, compared with $201 million, or 44 cents a share, for the same...
