Best Buy lowers full-year forecast

Date: Fri, 15 Feb 2008 17:06:03 (GMT)
Best Buy lowers full-year forecast

Leading U.S. electronics retailer Best Buy cuts its full-year earnings
forecast, citing weaker-than-expected revenue growth in January.

Market Snapshot: U.S. stocks fall for second day as Best Buy reduces
forecast

U.S. stocks trade lower, pressured by economic data showing a rise in
import prices and a decline in manufacturing activity in New York
state.

Futures Movers: Crude rises for third day, surpassing $96 a barrel

Crude-oil futures rise surpass $96 a barrel, extending the previous two
sessions' gains and pushing oil prices more than $9 higher than this
month's low.

Economic Report: Empire State survey takes surprise fall, retreats below
zero

LONDON
Data out from the Federal Reserve Bank of New York on Friday showed that
regional manufacturing activity for February fell to the weakest levels
seen in close to three years.

Buffett builds up stakes in Kraft, Glaxo
Celebrated investor Warren Buffett has accumulated minority interests in
Kraft Foods and GlaxoSmithKline.