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Finance News

Best Buy reports 1Q loss on restructuring costs

Best Buy Co. is reporting a loss in 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. Full Story

German central bank: Economy to improve 'markedly'

Germany's central bank expects the country's economy to improve "markedly" in the second quarter _ a development that could boost the wider eurozone as it struggles to get out of recession. Full Story