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By Chris Burritt, Bloomberg |
May 21, 2013
Best Buy Co., the world’s largest consumer-electronics retailer, posted an $81 million first-quarter net loss as the company lowers prices to compete with online rivals.
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By Lu Wang, Bloomberg |
April 30, 2013
U.S. stocks fluctuated between gains and losses, with the Standard & Poor’s 500 Index trading near a record high, as a rise in consumer confidence offset a drop in business activity and investors weighed earnings data.
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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 Rita Nazareth and Adria Cimino, Bloomberg |
November 20, 2012
The Standard & Poor’s 500 Index fell, after yesterday’s rally, as Hewlett-Packard Co. tumbled and Federal Reserve Chairman Ben S. Bernanke said the central bank’s ability to offset headwinds is “not infinite.”
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By Rita Nazareth and Adria Cimino, Bloomberg |
November 20, 2012
U.S. stocks were little changed, following the biggest advance in two months in the Standard & Poor’s 500 Index, as a tumble in Hewlett-Packard Co. shares tempered data showing an unexpected increase in housing starts.
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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 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.
