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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 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 Rita Nazareth and Susanne Walker, Bloomberg |
December 13, 2012
U.S. stocks fell, halting a six-day rally in the Standard & Poor’s 500 Index, as the standoff in federal budget negotiations overshadowed a drop in jobless claims and growth in retail sales.
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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 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.
