Features

Home Depot posts strong profit, revenue

Home Depot is reporting better than expected profit and revenue for the first quarter, though bad weather early in the year and an extra week in the previous fiscal year dampened the home improvement retailer's comparable store sales Those sales, watched closely by industry analysts, rose 2.5%, short of the 4.2% they were expecting, according to a survey by Zacks Investment Research.

Australia government says it won't break tax cut pledge

Australia's newly reelected administration says its promise to slash income taxes might be delivered late but won't be broken as the government hopes to stimulate consumer spending and revive a flagging economy.

New Zealand crews reenter coal mine 8 years after 29 killed

Crews in New Zealand have reentered an underground coal mine for the first time since a methane explosion killed 29 workers more than eight years ago, raising hopes among family members that they might find bodies and evidence that leads to criminal charges.

Billionaire starts ballot drive to cut Michigan car premiums

Billionaire businessman Dan Gilbert is starting a ballot drive as a "failsafe" in case Michigan's Republican-led Legislature and Democratic Gov. Gretchen Whitmer don't enact legislation to cut the country's highest auto insurance premiums.

California regulators not taking action against care homes

Across California, at least 20 companies providing care for the elderly, disabled and mentally ill continue to operate illegally after being cited for failing to pay their workers more than $1.4 million in back wages and penalties.

Business Highlights

___ Report: More companies in China handing over technology BEIJING (AP) — A business group says the number of foreign companies in China that feel compelled to hand over technology has doubled since two years ago.