At The Motley Fool, we know our readers like to be informed, so we've scouted out today's most relevant news items and brought them to you all on one page. We hope you find this midday edition informative and useful.
Best Buy loses profits
Electronics retailer Best Buy
Investors grow wary of European banks
With a deepening crisis in Europe, U.S. money markets are looking for safer options. According to JPMorgan Chase research, last month American money funds and other short-term credit suppliers refused to refinance about $50 billion of debt issued by European banks -- a 14% decrease. Traders are so worried they're even tightening up on French banks such as Societe Generale and BNP Paribas. A pullback on such banks could be detrimental for the overall world economy because of their size and reach. But some funds have decided to stick with the banks. Fidelity
Hewlett-Packard extends Autonomy deadline
Buffett adds one more piece to his succession plan
Warren Buffett, the head of Berkshire Hathaway
So there you have it -- the top financial stories for this afternoon. If you're interested in getting all of our news and commentary on these stocks, sign up for My Watchlist -- it's free!
Michelle Zayed doesn't own any stocks mentioned. The Motley Fool owns shares of Wal-Mart Stores, Berkshire Hathaway, Fidelity National Financial, Bank of America, and Best Buy. Motley Fool newsletter serviceshave recommended buying shares of Amazon.com, Berkshire Hathaway, Fidelity National Financial, and Wal-Mart Stores and creating a diagonal call position in Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool has a disclosure policy.