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Microsoft Corp. is teaming up with Best Buy Co. to promote machines with its latest Windows 8 operating system as the software maker and electronics retailer try to combat the worst personal computer slump on record.
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Diamond Foods Inc. named a permanent chief financial officer and said it will revise fiscal second- quarter earnings per share after a restatement last year derailed its effort to buy the Pringles potato-chip brand.
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The top U.S. tobacco regulator said he’s ready to reduce a backlog of 4,000 applications from companies asking to determine which of their products can stay on the market and what new ones may be introduced.
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Any lament that U.S. executives are sitting on cash at their companies instead of investing in plants and equipment may be about to get louder.
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Lowe’s Cos. climbed to an intraday record yesterday after Chief Executive Officer Robert Niblock said the strengthening housing market is helping sales recover from a cold spring that sapped demand for outdoor merchandise.
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Philip Morris International Inc. agreed to acquire the remaining 20 percent stake in its Mexican tobacco business from billionaire Carlos Slim’s Grupo Carso SAB for about $700 million.
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Lowe’s Cos. climbed to an intraday record yesterday after Chief Executive Officer Robert Niblock said the strengthening housing market is helping sales recover from a cold spring that sapped demand for outdoor merchandise.
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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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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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Herbalife Ltd. hired PricewaterhouseCoopers LP as its new auditor after previous accounting firm KPMG LLP resigned because of alleged insider trading.
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