Lowe's Profit Hurt by Cooler Weather, Competition by Reuters May 22nd 2013 8:05AM Lowe's reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season.
Toll Brothers Profit Rises as Housing Market Rebounds by Reuters May 22nd 2013 7:46AM Toll Brothers posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices.
Detroit Automakers Cutting Back on Summer Factory Shutdowns by The Associated Press May 22nd 2013 7:21AM Detroit's automakers are largely forgoing traditional two-week summer breaks at their factories and speeding up production to meet buyers' demand for new cars and trucks.
Much Remains Unknown About Microsoft's New Xbox One by The Associated Press May 22nd 2013 6:46AM After four years of development, Microsoft unveils the Xbox One entertainment console touting it as an all-in-one solution for playing games, watching TV and more.
Sony Entertains Mulling Activist's Spin-Off Idea by The Associated Press May 22nd 2013 6:24AM Sony says its board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
Should You Boycott Walmart, Gap Over Factory Worker Safety? by M. Joy Hayes, Ph.D. May 22nd 2013 5:00AM After a garment factory collapse in Bangladesh killed over 1,100 workers, many companies signed an accord to improve safety conditions there. Not on the list: Walmart and Gap.
A $12,000 Smartphone May Already Be in Your Pocket by Bruce Watson May 21st 2013 3:33PM How much is your cell phone worth in your life? According to a recent study, the answer could be up to $12,000 a year!
Apple's Low Tax Rate Not Our Fault, Ireland Says by Reuters May 21st 2013 1:45PM Ireland says it's not to blame for Apple's low global tax payments and that other countries are responsible for the tax rate paid by the company.
