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Best Buy Q4

loss narrows

Best Buy Co. said its fourth-quarter loss eased as it cut costs to offset nearly flat sales during the key holiday quarter. Its loss totaled $409 million, or $1.21 per share, for the three months ended Feb. 2. That compares with a loss of $1.82 billion, or $5.17 per share, in the same period a year ago.

Facebook to unveil

news feed update

Facebook is updating its News Feed, the main stream of updates from friends, companies and media sources, as it seeks more ways to draw revenue from more than 1 billion users. It will unveil the look on Thursday. News Feed, which includes advertising spots, has become a key part of Facebook’s efforts to generate revenue.

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