Also

* Best Buy Co. trimmed its second-quarter profit expectations for a third time as quarterly sales growth at stores open at least 14 months lagged due to sluggish demand for home entertainment gear.

Best Buy said it now expects to earn 17 cents to 19 cents a share, at the low end of its previously reduced forecast of 17 cents to 21 cents.

* Amazon.com Inc. Chief Executive Jeff Bezos last month sold 950,000 shares in the world’s biggest Internet retailer for $12.9 million, bringing his total share sales this year to $64.7 million.

* Qwest Communications International Inc.’s credit rating was cut by Moody’s Investors Service, which said the phone company’s bondholders will rank behind banks in claiming assets during a bankruptcy.

Moody’s reduced the rating two levels to Caa1, the seventh-lowest “junk” level, from B2.

* Palm Inc. is offering a refund to customers who purchased its new m130 hand-held digital assistant after the company acknowledged the model has about 6,000 fewer color combinations for its screen display than previously advertised.