Best Buy founder Richard Schulze apparently isn't giving up on his dream of taking back his company. Reuters reports that Schulze and a consortium of at least four private equity firms are studying the struggling consumer electronics retailer's books to explore what sources say may be an $11 billion buyout.
Disney just released this summer's blockbuster The Avengers for the home market, and it's likely to sell a ton of DVDs. But if it does, it'll be a rarity: DVD sales have been slowing for years now. That's bad for Hollywood, but it could be financially good for you.
Best Buy and its founder and former chairman Richard Schulze say they have an agreement that will allow Schulze to pursue his plan to try to buy the nation's largest consumer electronics chain.
Best Buy Co. is reporting a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.
Major stock indexes inched above four-year closing highs in early trading Tuesday. The Dow Jones industrial average was up 50 points at 13,321 shortly after 11 a.m. EDT. The broader Standard & Poor's 500 index rose six points to 1,424.
Shares of Best Buy soared Monday after founder Richard Schulze said he wanted to buy the company. In private hands, Best Buy would be able to attempt a turnaround outside of the public limelight, but it won't be easy to get to the fairy tale ending.
Best Buy's founder said Monday that he wants to take the electronics retailer private by buying up all of its shares he doesn't already own in a deal that values the company at as much as $8.84 billion. The news sent Best Buy shares up 24 percent in premarket trading.
There are so many ways to unload items you no longer need or want. But what's worth your time to sell and where will you get the most for a given item? Here's a quick guide to raising cash from your cast-offs.
Best Buy founder Richard Schulze said on Thursday he is exploring all options for his 20.1% stake in the electronics retailer, leading him to immediately relinquish his roles as chairman and a director.
Best Buy reported another pretty dismal quarter last week, but some investors got excited anyway. Interim CEO Mike Mikan headed up the conference call for the first time and talked some interesting turnaround strategy for the retailer. But should the market buy any of it?
The rise of cheap imports, technological advancements and the financial crisis have collectively delivered harsh blows to many U.S. industries. IBISWorld is out with a list of 10 American industries that have been hardest hit.
It's no secret that smartphones and tablets are changing the way retailers interact with shoppers. Here are five "thumb shopping" features and apps that experts say could soon reshape the way you buy.
Best Buy said Tuesday that it was a mutual decision, and that there were no disagreements with Brian Dunn on any matter relating to operations, financial controls, policies or procedures.
After a March Madness-like five-round poll, the Consumerist.com voters have picked the worst company in the country. And you may be surprised by which one beat out such hated corporate heavyweights as Bank of America, AT&T and Walmart.
Here's a bit of good news for Best Buy shoppers and shareholders. Lost in last week's dreary announcements of job cuts and store closures was a plan to beef up its customer loyalty program, Reward Zone Silver.