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Best Buy raises 2021 comparable store sales expectations

NEW YORK — Three months after saying that comparable store sales may actually fall in 2021, Best Buy on Thursday released a much more optimistic outlook after reporting booming sales in the first quarter.

Though government stimulus played a roll in the most recent quarter, the Richfield, Minnesota, company believes sales and services will continue to thrive.

“Customer demand for technology products and services during the quarter was extraordinarily high,” said CEO Corie Barry in a prepared statement. “This demand is being driven by continued focus on the home, which encompasses many aspects of our lives including working, learning, cooking, entertaining, redecorating and remodeling.”

Best Buy was not broadsided during the pandemic like many other retailers because Americans stuck at home stepped up spending on webcams, laptops and other technology used to get them through lockdowns and working, learning from home.

Still, the chain is readying itself for potentially permanent changes in consumer behavior even as millions of people get vaccinated and return to stores.

Though Barry told analysts during an earnings call Thursday that it is clear customers are coming back into stores to see products firsthand and get face-to-face technical support, sales originating online are still far greater than they were in 2019 before the arrival of COVID-19. Online sales now account for 33% of overall domestic sales, more that double from just two years ago.

And store locations continue to play a pivotal role, with 60% of online orders either getting picked up instore, curbside, shipped from a store, or delivered by a store during the latest quarter, Best Buy said.

Best Buy has made adjustments to its workforce as more sales go digital. In February, it laid off 5,000 full-time store workers even as sales spiked. Those full-time jobs will become 2,000 part-time jobs.

Yet the number of full-time workers is rising. Roughly 60% of workers at Best Buy are now full time, compared with 54% before the pandemic, and Barry said Thursday that the company is providing more flexibility and training so workers can transition into jobs like home advisors.

One hurdle as the economy emerges from a pandemic induced recession are snarled supply chains that have led to shortages of major appliances, gaming products and TVs.

Best Buy Co. reported fiscal first-quarter earnings of $595 million, or $2.32 per share for the three- month period ended May 1. That compares with $159 million, or 61 cents per share, in the year-ago period.

Earnings, adjusted for restructuring gains, were $2.23 per share, far exceeding the $1.45 that Wall Street had projected, according to a survey of analysts by Zacks Investment Research.

Revenue was $11.64 billion, also far above analysts projections.

Best Buy said it now expects that sales at stores opened at least a year will rise 3% to 6% for the year, compared with its earlier forecast range of a drop of 2% and an increase of 1%.

On Thursday, Best Buy’s share rose $2.44, or more than 2%, to $119.40. They are up 17% since the beginning of the year.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBY at https://www.zacks.com/ap/BBY (BBY) on Thursday reported fiscal first-quarter earnings of $595 million.

Fractured fairy tale musical to use Britney Spears music

NEW YORK — Plans are afoot to put some old hit songs by Britney Spears into a stage musical about woke princesses, and the hope is that the result isn’t “Toxic.”

The Shakespeare Theatre Company in Washington, D.C. announced Thursday that it will stage “Once Upon a One More Time,” featuring Spears’ tunes, including “Oops!… I Did It Again,” “Lucky,” “Stronger” and “Toxic.”

The musical will have an original story written by Jon Hartmere about classic fairy tale princesses — Cinderella, Snow White and Little Mermaid, among them — who are transformed after reading “The Feminine Mystique,” a landmark feminist text.

“Once Upon a One More Time” begins performances at Sidney Harman Hall on Nov. 29. It represents a significant pivot for The Shakespeare Theatre Company, known for it’s more stately offerings.

The temptation to use already proven, popular songs to fuel a musical is an old one and on Broadway has lately led to shows with music from The Temptations, The Go Go’s, Tina Turner and Alanis Morissette.

Spears has been under the spotlight lately after the recent FX and Hulu documentary “The New York Times Presents: Framing Britney” looked at the circumstances that led to the establishment of her conservatorship in 2008 and has spurred sympathy for the singer.

Yearbooks recalled over student citing Hitler’s ‘Mein Kampf’

CAMBRIDGE, N.Y. — A New York high school is recalling copies of its yearbook because a graduating senior listed Adolf Hitler’s autobiography as his favorite book within its pages.

Cambridge Junior-Senior High School stopped distributing the yearbook two days after it had started when it came to their attention that a student had cited “Mein Kampf” as his favorite book, the Times Union reported Wednesday.

The newspaper is not naming the student, but sent a message on Facebook to the likely profile of the student to ask if he or his parents would comment.

The book published in 1925 outlines the tenets of Nazism. Less than 10 years later, Hitler’s National Socialist party won enough votes for him to be sworn in as German chancellor. Some 6 million Jewish people died under systematic persecution by the Nazis along with political opponents, queer people and people from other marginalized groups.

Cambridge Superintendent Douglas Silvernell said he was “horrified and extremely disappointed.”

He did not provide information about how the student’s selection had not been caught as the yearbook was edited, but promised that the editing process would be improved going forward.

An Albany rabbi told the newspaper it was important to find out why the student chose to highlight the antisemitic work.

“It is very disheartening, especially given the heightened sensitivity we’ve been experiencing with racism and antisemitism and violence during the past year,” Rabbi Scott L. Shpeen said. “It certainly indicates we have a lot more work to do.”

Asked if the student had been disciplined, Silvernell said the school was consulting with its legal counsel.

The school is asking students to return the about 40 copies of the yearbook already distributed. In all, it cost more than $10,000 to print 145 copies. Silvernell said the school has asked the yearbook company to work with them to find a remedy.

Cambridge is located northeast of Albany, near the state’s border with Vermont.

Boeing to pay $17 million to settle plane production issues

Federal officials say Boeing will pay at least $17 million and take steps to fix production problems on its 737 jets including the Max.

The Federal Aviation Administration said Thursday that the settlement covers the installation of unapproved sensors and other parts on some Boeing 737 NG and 737 Max planes built between 2015 and 2019.

The settlement, while not a large sum for Boeing – the Chicago company had $15 billion in revenue in 2020, a down year — is the latest black eye for the iconic American manufacturer. Boeing is still struggling to recover from two deadly crashes that led to a long grounding of Max jets worldwide and other problems that have plagued the Max and other aircraft models.

The FAA said Boeing will pay the $17 million civil penalty within 30 days and could be hit with up to $10.1 million in additional fines if it fails to take steps including preventing the use of unapproved parts. The FAA said Boeing also must analyze whether the company and its suppliers are ready to safely raise production rates for the 737.

Boeing Co. did not immediately comment.

Facebook won’t remove posts claiming Covid-19 is man-made

Facebook says it will no longer remove claims that Covid-19 is man-made or manufactured from its apps “in light of ongoing investigations into the origin of Covid-19 and in consultation with public health experts.”

Facebook has long battled a tide of coronavirus-related misinformation by removing posts or putting warning labels on them. It said in December it would remove vaccine related misinformation, for example.

The move comes as President Joe Biden ordered U.S. intelligence officials to “redouble” their efforts to investigate the origins of the COVID-19 pandemic, including any possibility the trail might lead to a Chinese laboratory.

“We’re continuing to work with health experts to keep pace with the evolving nature of the pandemic and regularly update our policies as new facts and trends emerge,” Guy Rosen, Facebook’s vice president of integrity, said in a statement on Wednesday.

After months of minimizing these claims as a fringe theory, the Biden administration is joining worldwide pressure for China to be more open about the outbreak. It aims to head off GOP complaints that Biden has not been tough enough and use the opportunity to press China on alleged obstruction.

Capitol rally planned over death of man in police custody

NEW ORLEANS — Louisiana State Police troopers involved in the violent arrest of a Black motorist who died in police custody in 2019 should be fired and arrested, leaders of the National Urban League and other civil rights groups said Thursday.

Marc Morial, the national president of the Urban League and a former mayor of New Orleans, discussed the arrest and death of Ronald Greene at a morning news conference with other state and local civil rights groups, including the American Civil Liberties Union and the NAACP.

Meanwhile, Greene’s family planned to speak at a rally later Thursday at the State Capitol in Baton Rouge.

Video obtained by The Associated Press and later released by state police shows troopers stunning, beating and choking Greene, 49, following an automobile chase and crash in northeast Louisiana in May 2019.

Greene’s family was initially told that he died in the car crash. State police later issued a brief statement acknowledging there was a struggle with officers and that Greene died on the way to the hospital. Since then, Greene’s death has come under investigation by state and federal authorities. It also is the subject of a lawsuit.

The video shows troopers converging on Greene’s car outside Monroe, Louisiana, after a high-speed chase that followed an unspecified traffic violation. Troopers can be seen repeatedly jolting the 49-year-old unarmed man with stun devices, putting him in a chokehold, punching him in the head and dragging him by his ankle shackles.

He also was placed facedown on the ground for more than nine minutes while restrained — a tactic use-of-force experts criticized as dangerous and likely to have restricted his breathing.

An autopsy cited the restraint and an “inflicted head injury” as factors in Greene’s death, along with cocaine-induced delirium and other injuries that might have been the result of the car crash.

The ACLU of Louisiana said the afternoon rally will include representatives of the NAACP of Louisiana and Greene’s family. After remarks on the Capitol steps, the group plans a march to the Governor’s Mansion.

UN appeals for $95 million for urgent Gaza aid and repairs

UNITED NATIONS — The United Nations launched an emergency appeal Thursday for $95 million for Gaza for the next three months to meet immediate humanitarian needs and repairs to key facilities. That includes hospitals, schools, water and sewage facilities and other infrastructure destroyed or damaged during the recent conflict between Israel and Gaza’s militant Hamas rulers.

Lynn Hastings, the U.N. humanitarian coordinator in Gaza, urged donors to contribute generously at a virtual news conference launching the appeal, which she said will target one million people for assistance.

“I’m calling for humanitarian assistance right now to meet the immediate needs,” she said.

Hastings said the conflict left 800,000 people without regular access to piped water. Untreated sewage water was being discharged into the sea and 58 education facilities were damaged, including 285 buildings with over 1,000 housing and commercial units destroyed. Six hospitals and 11 health care centers were also damaged, and electricity was down to four to six hours a day.

The $95 million is to meet immediate needs for food, health care, medicine, medical supplies, and quick repairs of some infrastructure, she said, adding that an assessment is under way to determine priority needs.

Hastings said the majority of the money will go to Gaza but some will go to the West Bank and east Jerusalem, mainly to help injured people, possibly with cash assistance, psycho-social help or protection issues.

“We need the immediate life-saving needs moving on to reconstruction and recovery, and ideally with a political horizon in place. That, of course, is the most important thing to stop the continuation of these hostilities,” Hastings stressed.

“All of us need to ensure that we are not repeating the mistakes that keeps bringing us back to having to rebuild Gaza,” she said.

Asked what steps were being taken to ensure that funds donated for the appeal aren’t diverted to Hamas, Hastings said the U.N. has “a very heavy monitoring process in place” and “we’re working on it with the Israelis and the Palestinian Authority to see if it can be improved in any way.”

Attorney: Man shot by deputy discharged from hospital

SPOTSYLVANIA COUNTY, Va. — A Black man shot multiple times by a Spotsylvania County sheriff’s deputy has been discharged from the hospital, his lawyer announced Wednesday.

News outlets report that David E. Hayes said Isiah Brown, 32, was released Tuesday to continue his rehabilitation at home. Doctors told the family that they found eight bullets in Brown’s body and two exit wounds, he said.

Brown was shot April 21 at his home after calling 911 for help. Part of the 911 call released shortly after the shooting indicates that the deputy thought Brown, who was talking on a portable phone, had a gun. After the dispatcher said his complaint didn’t merit a 911 call, Brown mentions a gun and made a comment about killing his brother. He later said that he didn’t have a gun and state police said they didn’t find one on Brown. The deputy made comments such as “drop the gun” and “stop coming toward me” before firing.

Haynes has requested more audio and video recordings, but special prosecutor LaBravia Jenkins has denied the requests, noting that the investigation is ongoing.

AC Milan signs France goalkeeper Mike Maignan from Lille

MILAN — AC Milan signed goalkeeper Mike Maignan on Thursday, only days after he helped Lille win the French league title.

Milan said the 25-year-old Frenchman signed a five-year contract through 2026. He will move to Italy after representing France at the European Championship. The Italian club did not reveal the transfer fee.

Maignan is set to replace Italy goalkeeper Gianluigi Donnarumma, who is expected to leave Milan when his contract expires next month.

Milan will play in Champions League next season after clinching second place in Serie A on Sunday.

The seven-time European champions are returning to the competition after an eight-year absence and could land in the same group as Lille. Milan will be among the lowest-ranked teams in the draw, which will be made on Aug. 26. Lille will be a top-seeded team as the champion of France.


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Thai officials vow to curb risks by fighting wildlife trade

BANGKOK — Thailand is ramping up efforts to curb trade in wildlife to help reduce the risk of future pandemics, officials said Thursday, though it was unclear whether that would mean an end to all sales of exotic species in the wildlife trafficking hub.

The government intends to make Thailand “free of the legal wildlife trade” while also combatting illegal trafficking in wild animals, Minister for Natural Resources and the Environment Waravut Silpa-archa said Thursday.

Speaking in pre-recorded addresses, Silpa-archa and other officials said the pandemic has raised the urgency of shutting down the supply chain of wildlife and game meat that is thought to be a key factor in the spread of COVID-19, Ebola and other illnesses.

The motto for the campaign, he said, is, “Stop disease and extinctions: Never eat, buy, hunt or sell wildlife.”

Since the minister delivered his remarks remotely, it was not possible to ask if authorities plan to shutter markets that still sell a variety of exotic species, even in downtown Bangkok.

Some markets are closed, at least for now, as Thailand grapples with its worst wave of coronavirus outbreaks since the pandemic began. The first case outside of China surfaced in Bangkok, but the number of infections remained low until this April, when cases surged despite strict quarantines for people entering the country.

Officials, meanwhile, are turning their attention to preventing future crises linked to the spread of diseases such as COVID-19 that are believed to spread from animals to humans.

Thailand has one of the strongest enforcement regimes in the region, at least on paper.

The minimum fine for trafficking in protected species is $9,000, together with imprisonment of more than 10 years, Silpa-archa said at a seminar hosted by the anti-trafficking group Freeland at the Foreign Correspondents Club of Thailand.

At the same time, destruction of habitat is increasingly forcing animals and people into closer proximity. Poaching is a significant problem and demand for some species, especially in China, is a key factor driving the wildlife trade.

“It is vital to tackle the sales and consumption of high-risk wildlife as its supply chain is the source of the highest risk of zoonotic diseases. We need to stop the supply chain,” the minister said. “The best way to end the illegal wildlife trade is to break its supply chain.”

The coronavirus that causes COVID-19 is thought to have emerged from wild bats or other species, though the exact origins of the disease, which spread from the central Chinese city of Wuhan in early 2020, are a subject of intense debate.

In February 2020, the Chinese government announced a broad ban on the consumption of wild animals.

Last month, the World Health Organization issued guidelines that noted that well-run traditional style markets are safe but that problems arise when live animals, especially wild animals “that cannot be properly assessed for potential risks,” are sold and slaughtered in areas open to the public.

Keeping such animals in cages and killing and dressing the meat in the same areas adds to the risk of contamination with flood, feces and other waste, it said.

“Such environments provide the opportunity for animal viruses, including coronaviruses, to amplify themselves and transmit to new hosts, including humans,” WHO said.

Ending the wildlife trade is a vital step in preventing such crises, said Pimpavadee Phaholyothin, CEO of the World Wildlife Fund-Thailand.

“The rationale is really to protect human health because of the very high risk of spillover,” she said.