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By Rita Nazareth, Bloomberg |
December 14, 2012
U.S. stocks fell, extending yesterday’s drop, as a slump in Apple Inc. and the federal budget stalemate offset an increase in industrial production and data showing China’s manufacturing may expand at a faster pace.
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By Leslie Patton, Bloomberg |
December 14, 2012
Best Buy Co., the world’s largest consumer-electronics retailer, fell the most in two years after giving founder Richard Schulze more time to study the company and arrange financing for an offer to take it private.
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By Chris Burritt, Bloomberg |
November 20, 2012
Best Buy Co., the consumer-electronics retailer being evaluated for a takeover by its founder, posted a $10 million fiscal third-quarter net loss as sales at established stores fell more than expected.
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By Canaccord Genuity Morning Coffee |
October 26, 2012
Best Buy was being heavily discounted by the market on Thursday, after the retailer unveiled a management shakeup and reduced its profit expectations for the third quarter.
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By Canaccord Genuity Morning Coffee |
October 15, 2012
"The Wall Street Journal" reported on Friday that Best Buy is planning to match the prices of Internet competitors such as Amazon.com this holiday season.
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By Chris Burritt, Bloomberg |
August 27, 2012
Best Buy Co., the world’s largest electronics retailer, and founder Richard Schulze reached an agreement that will allow him to conduct due diligence in his effort to acquire the retailer.
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By Canaccord Genuity Morning Coffee |
August 22, 2012
Shares of Best Buy were in the red for a second consecutive day on Tuesday after reporting a 91% decline in its Q2 profit and suspending its earnings guidance for the year
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By Chris Burritt, Bloomberg |
August 20, 2012
Best Buy Co. named a new chief executive officer and sparred with founder Richard Schulze, who is trying to acquire the electronics retailer. The stock declined in early trading.
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By Jeffrey McCracken and Chris Burritt, Bloomberg |
August 6, 2012
Best Buy Co. founder Richard Schulze, who stepped down as chairman this year, offered to take the electronics retailer private at $24 to $26 a share. Best Buy shares surged as much as 34 percent in early trading.
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By Chris Burritt and Jeffrey McCracken, Bloomberg |
July 30, 2012
Best Buy Co. founder Richard Schulze has been recruiting executives to help lead the retailer if his attempt to take the company private is successful, according to a senior Best Buy executive.
