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(Reuters) - Best Buy Co Inc , the largest U.S. consumer electronics chain, reported a better-than-expected quarterly profit, helped by improved sales of higher-margin products such as large-screen TVs and mobile phones during the holiday shopping season. The company's shares rose 4.6 percent at $40.40 in premarket trading, after Best Buy said it would buy back $1 billion of shares over the next three years. Best Buy's total same-store sales increased 2 percent during the fourth quarter, slightly better than the 1.9 percent rise estimated by analysts polled by research firm Consensus Metrix. U. ...
SANTIAGO, Chile (AP) — One of South America's most active volcanos erupted early Tuesday in southern Chile, spewing heavy smoke into the air as lava surged down its slopes, prompting authorities to evacuate thousands of people.
WASHINGTON (AP) — Former Maryland Gov. Martin O'Malley said Tuesday he will not seek the Senate seat of retiring Sen. Barbara Mikulski, keeping open his option of running for president in a Democratic primary likely to include Hillary Rodham Clinton.