Best Buy Q2 profits plummet 91 pct. Best Buy's net income for the quarter ending earlier this month fell a whopping 91 percent to just $12 million. That's down from about $130 million for the comparable period a year ago.6:50 a.m.
In Wis. Swing County, Voters Criticize 'Handouts'
Many voters in Winnebago County feel that under President Obama, the government has tried to do too much. "I'm not a big fan of how big the government's gotten or how many people are living off the government now," says farmer Charlie Knigge.
Rice, Moore Invited To Wear Green Jackets
Augusta National Golf Club has decided to admit female members for the first time in 80 years. The home of the Masters has invited former Secretary of State Condoleezza Rice and South Carolina business woman Darla Moore to become the first women in green jackets when the club opens for a new season in October.
Tim Storms Holds Record For Lowest Sung Note
Tim Storms has broken the world record twice for the lowest sung note ever recorded. He recently won a competition to sing a low E, more than two octaves below middle C, on a new album by composer Paul Mealor, called, Tranquility: Voices of Deep Calm with the St. Petersburg Chamber Choir.
Cuba Examines Asian Model For Economic Reforms
Cuba is one of the world's last remaining communist states. Cuba's allies in China and Vietnam also maintain firm one-party rule, but have prospered by introducing market principles to their economic models.
Lesbian Couple Tests Colombia's Adoption Laws
In Latin America, high courts are expanding the rights of gay people, including the right to marry. Now many courts are also ruling in favor of gay adoption. One case that could set an important precedent involves a lesbian couple in Colombia.
Apple Boots Microsoft Out Of Top Capitalization Spot
Apple has surpassed Microsoft as the most valuable company ever. That happened when Apple stock hit $665 per share Monday — boosting its market value to nearly $624 billion. Microsoft had held the record for market capitalization since 1999.
Drought Dries Up Crops, But Not Airline Schedules
The scorching Midwest drought has caused crop prices to soar. But the dry weather is benefiting airlines, whose on-time performance has improved this summer, leading to fewer customer complaints and healthier profits.
UCLA's MBA Program Wants To Give Up State Funds
The proposal would make the Anderson School of Management more autonomous and financially independent of the University of California system. But critics — including some faculty — worry the move means the school will stray from its public mission.
Nike Set To Release Its Priciest Shoe
The latest Lebron James-branded basketball shoe — the Lebron X Nike Plus — is expected to retail for $315, according to The Wall Street Journal. That apparently includes some motion sensing technology that can record how high players jump while wearing them.