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The Best of Today's Business

Sifts through business reports in newspapers and on the web, surfacing the top news.

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Home Depot profits slump 27 percent amid a tough housing market. Siemens cuts up to 6,800 jobs at a telecom unit it is trying to unload. And if you didn't watch the Oscars, you're not alone.
The EU slaps Microsoft with a $1.35 billion fine for failing to comply with a $613 million antitrust ruling. Homebuilder Toll Brothers stays in the red as houses stay unsold. And daylight savings may not bring savings after all.
Sears sees a decline in sales and a drop in profits. Royal Bank of Scotland writes down almost $5 billion, but still has a very profitable quarter. And people are using their 401(k)s to live for today.
HSBC gets an intriguing offer for seven of its French banking subsidiaries. AIG posts the worst loss in its 89-year history. And California vintners are raising their glasses to the weak dollar.
United Technology, the maker of Otis elevators, bids on voting-machine firm Diebold, to make a security business powerhouse. VW buys a majority stake in Swedish truck maker Scania. And Boeing loses a huge Air Force contract to archrival Airbus.

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