consumer electronics

Why Best Buy Will Never Be Great Again

Best Buy shares have nearly tripled this year, and it posted better than expected results last week. But the turnaround that the market's anticipating may not happen at all.

Founders Taking Their Firms Private: A New Wall Street Trend?

Barnes & Noble's Leonard Riggio, Dell's Michael Dell and Best Buy's Richard Schulze each want to save the troubled companies they founded from the pains of publicly traded life. But is this trend powered by sound thinking, or wishful thinking?

Best Buy's Stock Price Falls to a Millennium Low

Best Buy shares were crushed on Tuesday after another disappointing quarter, hitting prices that the consumer electronics giant's investors hadn't seen since the 1990s. Here are some of the reasons why Best Buy has fallen to a millennium low -- and why things may get worse.

This May Be Best Buy's Last Hope

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.

RadioShack CEO Gooch Steps Down

RadioShack CEO James Gooch has agreed to step down immediately and is leaving its board of directors. Chief Financial Officer Dorvin Lively will serve as its interim CEO while it looks for a permanent replacement, the company said.

Why RadioShack Will Still Never Be Great Again

Beleaguered consumer electronics retailer RadioShack wants to be your next no-contract wireless carrier. But its new partnership with Leap Wireless' Cricket has no chance of stemming the decline of the once-popular small-box chain.

Best Buy Buyout Is No Sure Thing

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 Founder Offers to Buy Retailer, Take It Private

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.

Can a New Guy Save Best Buy?

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?

10 Everyday Things You're Probably Paying Too Much For

Given the way capitalism works, we're all bound to overpay sometimes. The key is to avoid making it a habit. Here are 10 common things you're most likely paying too much for, and tips for keeping more of that cash in your pocket.

5 Reasons Best Buy Stockholders Should Dread Thursday

The holidays may have come and gone, but when Best Buy posts its quarterly earnings, it's going to very publicly relive them -- whether it wants to or not. Wall Street analysts are generally optimistic, but there reasons for investors to worry.

Family Money: How to Cash In on Your Old Electronics

Every day, Americans throw out more than 350,000 cell phones and 130,000 computers. But we're passing up a tidy sum -- plus some potential tax deductions -- by dumping them in the trash or leaving them to gather dust.

Don't Look Now, But Google Just Goofed

Last week, rumors began emerging of a planned wireless entertainment device from Google. That may sound cool, but before Google jumps headfirst into the brutally competitive and low-margin consumer electronics business, it should recall how similar moves nearly crushed Cisco.