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Today's News
Target's 1Q profit drops 26 pct on weak sales
2 hours, 22 minutes ago
Target Corp. is reporting a 26 percent drop in first-quarter profits as cool temperatures and financial pressures limited customers' appetite for spending. The company, based in Minneapolis, also cut its annual profit outlook. Target says that it earned $498 million, or 77 cents per share, for the three months ended May 4. That compares with $697 million, or $1.04 per share, a year earlier.
AP Top Extended Financial Headlines At 7:44 a.m. EDT
2 hours, 22 minutes ago
Lowe's 1st-quarter profit climbs but performance misses analysts' expectations US automakers holding off on summer factory shutdowns as demand increases Stocks drift lower as investors nervously await Bernanke statement to Congress
AP Top Financial News At 7:44 a.m. EDT
2 hours, 24 minutes ago
Lowe's 1Q profit rises, but results miss Street Bernanke testimony to be studied for policy clues US auto factories cutting back on summer downtime
Toll Brothers fiscal 2Q profit jumps 46 percent
2 hours, 24 minutes ago
Toll Brothers' second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales at the luxury home builder. "Buyers who have been on the sidelines for six years are jumping in," CEO Douglas Yearley said. "Low interest rates, improved customer confidence, a strong stock market, rising home prices and a reawakening economy are stoking the demand that is fueling our luxury market."
