AP News

News Summary: Stocks sink; Best Buy soars


DRIFTING LOWER: Stocks sank for most of the day after President Barack Obama and House Speaker John Boehner gave discouraging signals about federal budget talks.

GLIMMER OF HOPE: Stocks recovered some of the loss late in the day after a report that Obama and Boehner would meet at the White House at 5 p.m.

GEEK SQUAD: Best Buy shot up 15 percent after a newspaper reported that the founder of the troubled electronics chain will make a bid of up to $6 billion for the company by the end of the week.


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