Nonprofit, nonpartisan journalism. Supported by readers.


Tuesday A.M. Report

Best Buy Q2 profit jumps 60 percent: Best Buy Co. Inc.’s second-quarter profit jumped 60 percent on reduced costs and strong sales of mobile phones, appliances and tablet computers. The Richfield-based consumer electronics giant posted net income of $254 million, or 60 cents per share, for the quarter ended Aug. 28. Read full story

H.B. Fuller Q3 profits down, don’t meet expectations: H.B. Fuller Co. on Monday reported a 7 percent growth in third-quarter revenues year-over-year, but profits were down amid rising raw material costs and raw material shortages for the maker of adhesives, sealants, paints and other specialty chemical products. St. Paul-based H.B. Fuller earned nearly $19 million, or 38 cents per share, for the quarter ended Aug. 28, down from $35.4 million, or 72 cents per share for the similar quarter in 2009. Read full story

Report: Target may pick up Apple’s iPad: Is Apple’s iPad coming to Target Inc. stores? That’s the intriguing question posed on AOL Inc.’s Engadget blog. Engadget cited an anonymous source who provided documentation about an unnamed product going into Target’s Digital Audio section, with prices for the product matching the iPad. Read full story 

No comments yet

Leave a Reply