Best Buy sales

Stocks Inch Lower; S&P 500 Slips From 5-Year High

Stocks edged lower on Wall Street Friday, pulling the Standard & Poor's 500 index below a five-year high reached the day before. The S&P 500 fell two points to 1,470 as of noon Eastern. It closed at 1,472 Thursday, its highest level since December 2007. The Dow Jones industrial average fell a point to 13,469. The Nasdaq composite index dropped three points to 3,119.

Best Buy Still Doesn't Get It

The retailer's latest quarter was another disaster. Revenue rose by less than 2% to $12.1 billion. Earnings, adjusted for a one-time restructuring charge, fell to $0.47 a share, well below both last year's figure and analysts' target. Here's why Best Buy's future isn't going to be any easier than its recent past.

Best Buy Shares Slip on Weak Earnings

Best Buy Co.'s third-quarter net income fell more than expected as it lost sales of TVs and laptops to competitors. It also cut its full-year outlook...