Best Buy Co Inc
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Hewlett-Packard's effort to reshape its business has begun to bear fruit, CEO Meg Whitman tells CNBC.
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Autozone Inc. rose $1.18 or. 3 percent, to $418.90. Bed Bath& Beyond Inc. rose $1.26 or 1.8 percent, to $69.53. Best Buy rose$. 64 or 2.5 percent, to $26.29.
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Autozone Inc. rose $2.06 or. 5 percent, to $419.78. Bed Bath& Beyond Inc. rose$. 82 or 1.2 percent, to $69.09. Best Buy rose$. 23 or. 9 percent, to $25.88.
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Hewlett-Packard's effort to reshape its business has begun to bear fruit, CEO Meg Whitman tells CNBC.
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Autozone Inc. rose$. 86 or. 2 percent, to $418.58. Bed Bath& Beyond Inc. rose$. 15 or. 2 percent, to $68.42. Best Buy fell$. 18 or. 7 percent, to $25.47.
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Autozone Inc. fell $10.12 or 2.4 percent, to $417.72. Bed Bath& Beyond Inc. fell$. 27 or. 4 percent, to $68.27. Best Buy rose$. 01 or percent, to $25.65.
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Autozone Inc. fell $4.44 or 1.0 percent, to $423.40. Bed Bath& Beyond Inc. rose$. 54 or. 8 percent, to $69.08. Best Buy rose$. 22 or. 9 percent, to $25.86.
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Autozone Inc. fell $8.96 or 2.1 percent, to $418.88. Bed Bath& Beyond Inc. rose$. 24 or. 4 percent, to $68.78. Best Buy fell$. 26 or 1.0 percent, to $25.38.
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Autozone Inc. rose $18.79 or 4.6 percent, to $427.84. Bed Bath& Beyond Inc. rose $1.19 or 1.8 percent, to $68.54. Best Buy fell $1.17 or 4.4 percent, to $25.64.
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Stocks closed higher but off their best levels after two Fed officials dampened speculation the central bank was ready to consider "tapering" its bond-buying.
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Best Buy reported a first-quarter loss as it restructured operations, but adjusted results beat expectations. The company is working on a turnaround plan to improve results as it faces tough competition from online retailers and discounters. Here CEO Hubert Joly discusses its efforts to stay competitive with low prices.
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Among the earnings stories for Tuesday, May 21, from AP Business News:. _ Best Buy Co., the electronics retailer, reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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Best Buy shares fell after the company's latest earnings report, but CEO Hubert Joly said there are early positive signs that the moves are beginning to resonate with consumers.
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Autozone Inc. rose $23.79 or 5.8 percent, to $432.84. Bed Bath& Beyond Inc. rose$. 84 or 1.2 percent, to $68.19. Best Buy fell $1.32 or 4.9 percent, to $25.49.
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NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Kosmos Energy Ltd. fell 6.1 percent to $11.19. Cyan Inc. fell 5.8 percent to $13.11.
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CNBC's Courtney Reagan breaks down the big box retailers first quarter results.
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*Home Depot raises outlook, shares jump. NEW YORK, May 21- U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.
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Autozone Inc. rose $14.64 or 3.6 percent, to $423.69. Bed Bath& Beyond Inc. rose$. 68 or 1.0 percent, to $68.03. Best Buy fell$. 29 or 1.1 percent, to $26.53.
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Traders will be listening for clues about possible tapering off of quantitative easing when two Fed presidents speak later on Tuesday.
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May 21- Best Buy Co Inc reported weak quarterly sales on Tuesday and warned that a slew of investments to entice shoppers could squeeze profits in the near term. Excluding restructuring and other charges but including Europe, it earned 36 cents a share, beating the analysts average estimate of 25 cents, according to Thomson Reuters I/B/E/S.
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*Home Depot raises outlook, shares jump. *Goldman Sachs sees S&P 500 at 1,750 by year-end. "Given there's not a lot of economic news coming out today, it looks like we're set up for a pretty' nothing' day," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.