Best Buy Co. News
Health Alert: Bottled Water Recalled Over E. Coli Concerns
Niagara Bottling voluntarily recalls 14 brands of bottled spring water produced at 2 Pennsylvania plants.
Biggest Losers: 9 Stocks Hammered in 2012
The New Year is almost here, and executives at some U.S. companies are glad 2012 is over. These are the firms that went off the rails, leading to large share-price losses. For this story, we looked at the nine biggest share-price losers among U.S.-based companies with market...
Best Buy Fights Back Against Online Retailers
Morning Business Memo Another big retailer is playing hardball with Amazon. Best Buy (BBY) reportedly plans to match the price of Amazon (AMZN) and other internet retailers during the holiday shopping season, and offer free home delivery when stores are out of stock. Wal-Mart (WMT)...
Labor Day 2012: 8 Biggest Layoff Announcements
It's seems it's going to be another tough Labor Day for labor. The U.S. unemployment rate is 8.2 percent, with most jobs lost this year from local and federal government. In the private sector, many companies are shedding headcount less due to a flailing economy, as in previous years, but because
Best Buy (BBY ) Defends Estimated $32 Million Pay Package for New CEO
New Best Buy CEO Hubert Joly Gets $6 Million If Job Falls Through Before He Starts
Best Buy (BBY ) Reports Near-90 Percent Profit Drop
Best Buy Co. today reported a nearly 90 percent drop in profit for the second quarter, owing to tight margins and poor sales. Shares were down more than 6 percent to about $17 this morning at the end of the company’s conference call with stock...
Can New CEO Hubert Joly Turn Around Best Buy (BBY )?
Best Buy has appointed a new CEO, Hubert Joly, to lead the beleaguered electronics retailer. Interim CEO Mike Mikan, who has led Best Buy since former chief executive Brian Dunn resigned following an inappropriate relationship with a female employee, will continue to serve on the...
Best Buy Female Employee-CEO Details Emerge
New details have emerged about the female employee with whom Best Buy CEO Brian Dunn reportedly had an “inappropriate relationship,” according to The Wall Street Journal. The unnamed woman, reported to be 29, worked in a leadership training institute at the company’s headquarters in Richfield,...
Best Buy Ex-CEO Reportedly Probed Over Female Staffer
An “inappropriate relationship” with a woman employee was behind the abrupt departure of Best Buy CEO Brian Dunn, the Star Tribune reported, citing a source close to the company. The newspaper said that, Dunn, who is married, was being investigated by the board of directors...
Best Buy CEO Quits Amid Conduct Probe
After a 28-year career at Best Buy Co., Brian Dunn, who rose up from the sales floor to become CEO, resigned abruptly on Tuesday as the company probed an undisclosed “personal conduct” matter. The news of a personal probe sent shock waves through the business...