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European banks face only weak prospects for making profits in the months ahead, and may need to shift their business strategies to return to health.
The company has forecast flat sales for this year amid the challenges.
Federal prosecutors in New York say a Belize resident has pleaded guilty to money laundering conspiracy for helping clients profit off illegal stock trades and then laundering more than $250 million.
Best Buy Co. (BBY) on Tuesday reported fiscal first-quarter profit of $229 million.
The threat of severe weather temporarily forced Beyonce fans to evacuate an outdoor stadium in Minneapolis just before the concert was scheduled to start.