Samsung is planning to launch a new model of Samsung Galaxy S4 equipped with advanced 4G LTE technology, which is capable of transmitting data two times faster than the average speed of smartphones, according to report from Miyoung Kim of Reuters. Samsung Galaxy S4 Launching In Korea J.K. Shin, co-executive at Samsung, reports that the new Samsung Galaxy S4 with the advanced 4G LTE technology would be available in South Korea this month. According...
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Microsoft Corporation (NASDAQ:MSFT) has announced a strategic partnership with Best Buy Co., Inc. (NYSE:BBY). Under the partnership, the two would create a store-within-a-store concept for Microsoft. On its blog, Microsoft said the Windows Store only at Best Buy would open up within 500 different Best Buy locations around the U.S. and also 100 Best Buy and Future Shop stores in Canada. Details On Microsoft’s New Stores In Best Buy According to Microsoft Corporation (NASDAQ:MSFT)’s...
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Best Buy Co., Inc. (NYSE:BBY) reported a loss in its fiscal 2014 first quarter. The retail chain warned of hurdles ahead for the coming quarter. Best Buy Earnings Details The big-box retailer of electronics gear posted adjusted diluted earnings per share of $0.32 and $9.38 billion in revenues. Best Buy posted an EPS of $0.76 on revenues of $10.37 million in the same period a year ago. Analysts polled by Thomson Reuters estimated first...
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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. (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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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. (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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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 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 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 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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