International Business News - BBY http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future. http://www.ibtimes.com/articles/20080702/circuit-city-shares-fall-as-blockbuster-yanks-bid.htm Wed, 02 Jul 2008 18:55:27 EDT Blockbuster Inc. said Tuesday it is withdrawing its proposal to buy Circuit City Stores Inc., the big-box electronics retailer whose sales have tumbled this year. http://www.ibtimes.com/articles/20080701/blockbuster-withdraws-plan-to-acquire-circuit-city.htm Tue, 01 Jul 2008 21:34:12 EDT Electronics retailer Best Buy Co. and The Carphone Warehouse Group PLC, Europe's largest cell-phone retailer, said Monday Best Buy's investment in The Carphone Warehouse is now complete. http://www.ibtimes.com/articles/20080630/best-buy-completes-carphone-warehouse-investment.htm Mon, 30 Jun 2008 11:56:05 EDT Filling the gas tank is a higher priority than buying a flat-panel television, which is bad news for electronics retailers. Slowing demand and overproduction could result in lower prices in time for the crucial winter holiday shopping season, says Deutsche Bank Securities analyst Mike Baker. Flat panel TVs represent about 15 percent of Best Buy's sales. Average prices are expected to dip to $950 in the fourth quarter from $1,091 the year earlier, says Riddhi Patel, analyst with market research group iSuppli. http://www.ibtimes.com/articles/20080627/spotlight-television-prices.htm Fri, 27 Jun 2008 07:03:35 EDT Consumer-electronics retailer Best Buy Inc. on Wednesday raised its quarterly dividend by a penny to 14 cents. The change is effective with the dividend payable on Oct. 28 to shareholders of record as of Oct. 7. http://www.ibtimes.com/articles/20080625/best-buy-raises-dividend-by-a-penny-to-14-cents.htm Wed, 25 Jun 2008 08:25:53 EDT Circuit City Stores Inc. stayed mum on Tuesday about whether a buyout is in the future for the consumer electronics retailer, but an activist investor expects an announcement of a possible sale within the next month. http://www.ibtimes.com/articles/20080624/circuit-city-defends-turnaround-efforts.htm Tue, 24 Jun 2008 16:25:19 EDT Circuit City Stores Inc. holds its annual meeting for shareholders on Tuesday, where possible takeover talk of the consumer electronics retailer is likely on the agenda. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-circuit-city-meeting.htm Tue, 24 Jun 2008 06:17:19 EDT Wall Street expects data due out Tuesday to show that consumer confidence in June continued to erode amid rising inflation, tight credit and falling home prices. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-consumer-confidence.htm Tue, 24 Jun 2008 06:10:57 EDT Wall Street on Tuesday will find out if spending by U.S. shoppers continued to rise as more consumers received their federal tax rebate checks. The International Council of Shopping Centers-UBS Index and the Johnson Redbook Retail Sales Index release retail data for the third week of June at 7:45 a.m. and 8:55 a.m. EDT, respectively. There are no consensus estimates available. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-retail-sales.htm Tue, 24 Jun 2008 06:10:45 EDT Investors hope to gain some clarity on the future of consumer electronics retailer Circuit City Stores Inc. at its annual shareholder meeting Tuesday. http://www.ibtimes.com/data/articleimgs/77186-earns-circuit-city.jpg http://www.ibtimes.com/articles/20080622/circuit-city-annual-meeting-comes-amid-buyout-talk.htm http://www.ibtimes.com/articles/20080622/circuit-city-annual-meeting-comes-amid-buyout-talk.htm Sun, 22 Jun 2008 17:23:44 EDT 2 charged on Wall Street in mortgage meltdown NEW YORK (AP)--Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown. http://www.ibtimes.com/articles/20080619/business-highlights.htm Thu, 19 Jun 2008 18:22:57 EDT Circuit City Stores Inc. said Thursday its loss widened in the first quarter because of a more than 11 percent drop in sales at established stores. The nation's second largest electronics retailer also said it expects a bigger loss in the second quarter than analysts are expecting and said it is suspending its dividend to keep capital available for its turnaround efforts. http://www.ibtimes.com/data/articleimgs/75372-earns-circuit-city.jpg http://www.ibtimes.com/articles/20080619/circuit-city-1q-loss-widens.htm http://www.ibtimes.com/articles/20080619/circuit-city-1q-loss-widens.htm Thu, 19 Jun 2008 16:50:24 EDT Among the premarket stories for Wednesday, June 18, from AP Financial News: NEW YORK (AP)--While analysts expect Best Buy Co. to struggle with weak profit margins, a Goldman Sachs analyst said Wednesday that investors made a "surprising and misguided" move in selling the electronics retailer's stock in the past session. http://www.ibtimes.com/articles/20080618/premarket-roundup-best-buy-ethanol.htm Wed, 18 Jun 2008 10:35:33 EDT While analysts expect Best Buy Co. to struggle with weak profit margins, a Goldman Sachs analyst said Wednesday that investors made a "surprising and misguided" move in selling the electronics retailer's stock in the past session. http://www.ibtimes.com/articles/20080618/ahead-of-the-bell-best-buy.htm Wed, 18 Jun 2008 09:10:40 EDT Economy struggles with rising prices, slow growth WASHINGTON (AP)--Wholesale prices barreled ahead while housing and industrial activity faltered--a blend of high-costs and slow growth that ensures the Federal Reserve's most likely move on interest rates next week will be no move whatsoever. http://www.ibtimes.com/articles/20080617/business-highlights.htm Tue, 17 Jun 2008 17:57:41 EDT Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080617/goldman-sachs-best-buy-among-big-movers.htm Tue, 17 Jun 2008 16:37:23 EDT Shares of Best Buy Co. pulled back at market open Tuesday after spiking at the opening bell as investors digested the electronics retailer's first-quarter results. http://www.ibtimes.com/articles/20080617/out-of-the-gate-best-buy-slips-after-1q-results.htm Tue, 17 Jun 2008 10:11:50 EDT Financial stocks fared well in premarket trading Tuesday as Goldman Sachs Group Inc., the world's largest investment bank, posted second-quarter earnings that beat Wall Street expectations. http://www.ibtimes.com/articles/20080617/premarket-movers-goldman-lifts-financials.htm Tue, 17 Jun 2008 09:21:38 EDT Best Buy said its first-quarter profit dropped 7 percent, but what its executives didn't say seemed to bother Wall Street more. Officials at the nation's largest consumer electronics retailer did not predict a larger-than-expected full-year profit, or a turnaround in the economy. They did not forecast a big boost from the economic stimulus checks that went out just before the end of the quarter. Best Buy shares dropped 5 percent. http://www.ibtimes.com/articles/20080617/best-buy-1q-profit-falls-7-percent.htm Tue, 17 Jun 2008 17:00:24 EDT Shares of Advance Auto Parts Inc. rose Monday after an analyst upgraded the auto parts retailer, saying its ongoing restructuring program is beginning to bear fruit. http://www.ibtimes.com/articles/20080616/advance-auto-shares-rise-following-upgrade.htm Mon, 16 Jun 2008 14:43:00 EDT