YOUR FRIENDS' ACTIVITY

    Bed Bath & Beyond's shares tumble

    Associated Press – Thu, Jun 21, 2012

    NEW YORK (AP) — Bed Bath & Beyond's shares are tumbling a day after the home goods seller issued an outlook below Wall Street's expectations and fueled concern about shoppers' ability to spend in what appears to be a slowing economy.

    The disappointing earnings outlook came as the chain announced better-than-expected results for the first quarter on Wednesday. But Bed Bath & Beyond Inc. old investors that its gross profit margin declined as it used more coupons to get people to open their wallets.

    The shares fell $11.77 by early Thursday afternoon to $61.90, making Bed Bath and Beyond the biggest decliner in the Standard & Poor's 500 Index.

    The chain is based in Union, N.J.

    Loading...

    More Business News

     

    News for You »

    • The Gruesome Details of London's Horrifying Machete Attack

      An attack in broad daylight in London on Wednesday is drawing a swift response — and a possible terror link — from the highest authorities. Reports suggest two men chased down another man with their car before getting out, attacking him with a machete, and dragging him through the city streets. 

    • ‘Teen Mom’ Farrah Abraham teaches teenage girls a very bad lesson

      “Teen Mom” and “Backdoor Teen Mom” star Farrah Abraham has successfully taught teenage girls everywhere a very bad lesson: If you get pregnant as an unwed teenager, star in a reality show, then a porno, you, too can be super famous!

    • Cycling-Road-Giro d'Italia classification after stage 16

      May 21 (Infostrada Sports) - Classification from Giro d'Italia after Stage 16 on Tuesday 1. Vincenzo Nibali (Italy / Astana) 67:55:36" 2. Cadel Evans (Australia / BMC Racing) +1:26" 3. Rigoberto Uran (Colombia / Team Sky) +2:46" 4. Michele Scarponi (Italy / Lampre) +3:53" 5. Przemyslaw Niemiec (Poland / Lampre) +4:13" 6. Mauro Santambrogio (Italy / Vini Fantini) +4:57" 7. Carlos Betancur (Colombia / AG2R) +5:15" 8. Rafal Majka (Poland / Saxo - Tinkoff) +5:20" 9. Benat Intxausti (Spain / Movistar) +5:47" 10. Domenico Pozzovivo (Italy / AG2R) +7:34" 11. Tanel Kangert (Estonia / Astana) +7:43" ...

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    • Florida high school suspends teacher for touching girl on head with banana

      Is a cigar sometimes just a cigar? That debate will remain unresolved, but The Daily Caller can say with confidence that a banana is definitely not always just a banana at North Marion High School near Ocala, Fla.

    • Sadly, you are uglier than you think

      At least according to one new study

    • Why We Can't Forget That Oklahoma's Senators Voted Against Sandy Relief

      Nearly four months ago, Oklahoma Senators Tom Coburn and James Inhofe both voted against H.R.152, the Disaster Relief Appropriations Act that eventually sent $50.5 billion in relief to victims of Hurricane Sandy. And in the flurry of last night's devastation in Moore, Oklahoma. it was impossible not to forget that fact, knowing the federal government would soon rally to the cause.

    • London attacker was British-born of Nigerian descent: source

      LONDON (Reuters) - One of the attackers who hacked a soldier to death in London was British-born and of Nigerian descent, a source with knowledge of the investigation said. The other man may also be British with a Nigerian background, the source told Reuters. British media identified one of the men as Michael Adebolajo, citing police sources. (Reporting by Guy Faulconbridge)

    Show More
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance