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Posts Tagged ‘ Best Buy ’

Post Market News: Pfizer, Apple, BBRY, Best Buy, Safeway, Herbalife

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April 30, 2013
TEST6Stock market news

Post Market News Stocks that were active in US trading on Tuesday were Pfizer Inc. (NYSE:PFE), Apple Inc. (NASDAQ:AAPL), Research In Motion Ltd. (NASDAQ:BBRY) (TSE:BB), Best Buy Inc. (NYSE:BBY), Safeway Inc. (NYSE:SWY) and Herbalife Ltd. (NYSE:HLF). Market Levels U.S.: Dow Jones: 14,835.49 (+0.11%), S&P 500: 1,597.27 (+0.23%), Nasdaq: 3,328.79 (+0.66%) World Markets: Shanghai: 2,177.91 (-0.97%), Nikkei 225: 13,860.86 (-0.17%), Hang Seng Index: 22,737.01 (+0.69%), TSEC: 8,093.66 (+0.80%), FTSE 100: 6,430.12 (-0.43%), EURO STOXX 50: 2,712.00 (-0.20%), BSE Sensex: 19,504.18 (+0.60%) Metals: Gold: $1472.10 (+0.32%), Silver: $24.14 (+0.09%), Platinum: $1507.20 (-0.01%) Currency: EUR/USD: 1.3162 (+0.50%), USD/JPY: 97.53 (-0.49%), GBP/USD: 1.5531 (+0.28%), USD/CAD: 1.0074 (-0.35%),...
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Best Buy Co., Inc. (BBY) Pulls Out Of Europe, Shares Climb

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April 30, 2013
TEST6best buy

Best Buy Co., Inc. (NYSE:BBY) announced this morning that it was pulling out of Europe by selling its stake in its joint venture with Carphone Warehouse. As a result, shares jumped as much as 6.57 percent in pre-market trading and kept climbing 8 percent after opening bell. The electronics retailer said it would sell its 50 percent joint venture to its partner, the U.K. mobile phone retailer Carphone Warehouse. The deal is worth $775...
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Apple Inc. (AAPL) Won’t Be Bothered By Samsung’s Kiosks in Best Buy

By
April 5, 2013
TEST6apple samsung

Earlier today, Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) announced its plans to open a number of “Samsung Experience” kiosks throughout Best Buy Co., Inc. (NYSE:BBY) stores beginning this month and continuing these openings through the early months of summer. While Best Buy’s shares soared on the news, it’s difficult to believe that Apple Inc. (NASDAQ:AAPL) employees nor investors are terribly worried about Samsung’s plans. Apple Inc. (NASDAQ:AAPL) is a monster with a huge following...
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Best Buy Co., Inc. (BBY) To Open Samsung Boutique Shops, Shares Jump

By
April 4, 2013
TEST6best buy

Best Buy Co., Inc. (NYSE:BBY) is planning to open up mini Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) stores inside its locations, and shares are jumping on the news. The stock rose almost 10 percent after the announcement as investors responded to the retail chain’s new attempt to combat what’s become known as “showrooming.” The first new boutiques will open on April 8, and there will be Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) boutiques in different Best...
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Apple Inc. (AAPL) Cuts Prices On IPads—Are New Ones Coming Soon?

By
April 4, 2013
TEST6Apple ipad

At least three major retailers have suddenly slashed prices on iPads, and if history means anything, we could see a refreshed model soon and it would be released much earlier than expected. In February, Apple Inc. (NASDAQ:AAPL) released the 128-gigabyte iPad, but it didn’t have anything new on it except extra storage space. Philip Elmer-DeWitt of Fortune was the first to point out the price cuts this morning. IPad prices have been slashed at Wal-Mart...
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Best Buy Founder Richard Schulze Returns To Company

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March 25, 2013
TEST6Richard Schulze

Best Buy Co., Inc. (NYSE:BBY) announced the return of its founder and former chairman Richard Schulze to serve as chairman emeritus to support the company’s efforts to improve its profitability. According to the company, Schulze also nominated Brad Anderson and Al Lenzmeier to serve as the board of directors as part of their agreement. Schulze previously considered to buy out the shares of Best Buy Co., Inc. (NYSE:BBY) along with a consortium of private equity firms...
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Private Equity’s $36B Bet on Retail Continues To Disappoint

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March 15, 2013
TEST6Toys R Us

Private equity funds poured an eye-popping $36 billion in brick-and-mortar retail chains before 2007, hoping good return on their investments. But the reality turned out to be entirely different. The company that showed the most faith in the future of U.S. retailers is Bain Capital LLC. The Mitt Romney-led private equity firm acquired a stake in four retailers between 2004 and 2007 for $17 billion, according to Bloomberg estimates. Bain Capital’s biggest bet, Toys “R”...
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Best Buy Follows Yahoo, Changes Telecommuting Policy

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March 6, 2013
TEST6Best Buy Follows Yahoo, Changes Telecommuting Policy

Best Buy Co., Inc. (NYSE:BBY) is copying a chapter from Yahoo! Inc’s (NASDAQ:YHOO) employee handbook and is cutting back on its telecommuting policies. For Best Buy employees, its 4,000 non-store employees who work at home will still be allowed to either telecommute or take advantage of flex schedules but they’ll have to now do so with a manager’s approval. The news came via an email obtained by CNN and Best Buy spokesperson Matt Furman.  ”It used...
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Best Buy Posts Loss, Ends Takeover Talks

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March 1, 2013
TEST6best buy

Best Buy reported a loss of $409 million for the last quarter;  the company said restructuring charges and weak sales are to blame for the significant loss. The fourth Quarter results come a day after the company ended talks with its largest shareholder and its founder. Best Buy Co., Inc. (NYSE:BBY)revealed that it has received no offers from the Richard Schulze for the takeover and will continue working on its turnaround. Thursday was the...
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Best Buy Eliminates 400 Jobs Amid Restructuring Efforts

By
February 26, 2013
TEST6Best Buy

The stock price of Best Buy Co., Inc. (NYSE:BBY) declined by almost 3 percent to $16.57 per share during the midday trading in New York following reports that the company will eliminate 400 jobs at its headquarters. Hubert Joly, president and chief executive officer of the consumer electronics retailer is trying to restructure Best Buy by reducing its selling, general and administrative expenses by approximately $150 million. According to the company, the majority of its...
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Best Buy Co., Inc. (BBY) Extends Its Price-Matching Guarantee

By
February 19, 2013
TEST6Best Buy

Best Buy Co., Inc. (NYSE:BBY) has announced that its price matching guarantee will extend beyond special offers. The big box store has promised to match prices from brick and mortar stores as well as nineteen online retailers. The development has been received well on the market. This moves comes after a turbulent period in which the company lost two of its directors. The price guarantee previously offered by Best Buy covered special offers and holiday...
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