International Business News - Buy 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 Among the stock activity stories for Wednesday, Nov. 19, from AP Financial News: CHICAGO (AP)--Shares of Best Buy Co. Inc. reached a five-year intraday low on Wednesday, a day after the nation's largest consumer electronics chain's debt rating was lowered. http://www.ibtimes.com/articles/20081119/movers-roundup-best-buy-walt-disney.htm Wed, 19 Nov 2008 14:52:35 EST Shares of Best Buy Co. Inc. reached a five-year intraday low on Wednesday, a day after the consumer electronic chain's debt rating was lowered. Standard & Poor's Ratings Services lowered the corporate credit rating on the company to "BBB-", one level above junk status, and gave the company a "stable" outlook. The rating is down from S&P's previous "BBB" rating on the Richfield, Minn.-based chain. http://www.ibtimes.com/articles/20081119/best-buy-falls-after-debt-downgrade.htm Wed, 19 Nov 2008 11:48:54 EST Fitch Ratings on Monday put Best Buy Co. on negative outlook because of sharp drops in same-store sales, a key measure of a retailer's health. Fitch left Richfield, Minn.-based Best Buy's "issuer default rating" and debt ratings at BBB+, an investment-grade rating. It said Best Buy had about $2.7 billion in debt as of Aug. 30. http://www.ibtimes.com/articles/20081117/fitch-puts-best-buy-on-negative-outlook.htm Mon, 17 Nov 2008 16:00:51 EST Analysts trimmed price targets for consumer electronics chain Best Buy Co. Inc. on Thursday, a day after the retailer cut its full-year guidance. RBC Capital Markets analyst Scot Ciccarelli cut his price target on the nation's largest consumer electronics chain to $32, down from $38. He maintained his "Outperform" rating, saying the company will be challenged by a difficult environment but continues to have long-term value. http://www.ibtimes.com/articles/20081113/analysts-trim-price-targets-for-best-buy.htm Thu, 13 Nov 2008 14:38:20 EST A Goldman Sachs analyst on Thursday lowered his share price target on Best Buy Co., citing the retailer's dire outlook for the holiday shopping season. http://www.ibtimes.com/articles/20081113/ahead-of-the-bell-best-buy-price-target-lowered.htm Thu, 13 Nov 2008 09:19:55 EST Among the earnings projection stories for Wednesday, Nov. 12, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081112/outlook-roundup-best-buy-fedex.htm Wed, 12 Nov 2008 11:17:15 EST Best Buy Co. Inc. rattled investors Wednesday, warning that an already grim holiday shopping season that's expected to be the worst in decades might be getting worse. http://www.ibtimes.com/data/articleimgs/173349-best-buy-store.jpg http://www.ibtimes.com/articles/20081112/best-buy-cuts-fiscal-2009-profit-outlook.htm http://www.ibtimes.com/articles/20081112/best-buy-cuts-fiscal-2009-profit-outlook.htm Wed, 12 Nov 2008 19:41:15 EST An analyst said Tuesday electronics chain Best Buy Co. Inc. could see an earnings boost thanks to store closings by rivals Circuit City Stores Inc. and Tweeter Home Entertainment Group. http://www.ibtimes.com/articles/20081104/best-buy-poised-to-gain-share-from-competitors.htm Tue, 04 Nov 2008 14:43:52 EST A JPMorgan analyst upgraded shares of Best Buy to "Neutral" from "Underweight" on Friday, saying the current stock price already reflects many of the potential risks that could drive it down. http://www.ibtimes.com/articles/20081031/ahead-of-the-bell-jpmorgan-upgrades-best-buy.htm Fri, 31 Oct 2008 08:27:33 EDT Electronics retailer Best Buy Co. said Thursday it acquired about 3.9 million Napster Inc. shares in a second-offering period for its cash tender offer to buy the company. http://www.ibtimes.com/articles/20081030/best-buy-acquires-3-9m-napster-shares-in-offer.htm Thu, 30 Oct 2008 11:45:55 EDT Best Buy Co. Inc. said Monday that it acquired more than 83 percent of the outstanding shares of Napster Inc. during a tender offer that was completed last week as part of the consumer electronic chain's $127 million buyout of the online music community. http://www.ibtimes.com/articles/20081027/best-buy-completes-napster-tender-offer.htm Mon, 27 Oct 2008 10:53:26 EDT Best Buy Co. Inc. spent $140,000 in the third quarter to lobby on requirements for the conversion to digital television and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20081024/best-buy-spent-140k-lobbying-in-3q.htm Fri, 24 Oct 2008 12:15:04 EDT Goldman Sachs upgraded shares of the nation's largest consumer electronics retailer on Monday, saying Best Buy Co. Inc. will likely benefit as its key rival continues to founder. http://www.ibtimes.com/articles/20081020/goldman-sachs-upgrades-best-buy-to-neutral.htm Mon, 20 Oct 2008 14:25:13 EDT Best Buy Inc. said Wednesday it would hire fewer seasonal workers this year, one of many retailers expected to trim their holiday hiring during bleak times. http://www.ibtimes.com/articles/20081015/best-buy-expects-to-hire-fewer-staff-for-holidays.htm Wed, 15 Oct 2008 19:40:23 EDT A KeyBanc Capital Markets analyst boosted his rating on shares of electronics retailer Best Buy Inc., saying problems at a competitor may position the company for stronger profits and sales. http://www.ibtimes.com/articles/20081013/ahead-of-the-bell-best-buy.htm Mon, 13 Oct 2008 08:29:45 EDT Best Buy Co. Inc. will begin selling two new laptops this month developed after shoppers complained their laptops were too heavy and their batteries didn't last long enough. http://www.ibtimes.com/articles/20081008/best-buy-launches-blue-label-project-with-laptops.htm Wed, 08 Oct 2008 13:20:40 EDT The new Best Buy store opening Saturday in suburban, southeast Denver feels just a little different from the chain's older, warehouse-like blue interiors. http://www.ibtimes.com/articles/20081003/new-best-buy-store-designed-with-women-in-mind.htm Fri, 03 Oct 2008 14:20:55 EDT Shares of Best Buy Co. dropped Thursday after an analyst said the electronics retailer risks losing some of its video-game business if consumers embrace Nintendo's newest portable gaming device, and opt to download many of their games instead of purchasing them from stores. http://www.ibtimes.com/articles/20081002/analyst-best-buy-video-game-sales-vulnerable.htm Thu, 02 Oct 2008 20:41:30 EDT Best Buy Co. Inc. began its cash tender offer for Napster Inc. on Friday as part of the consumer electronic chain's $127 million buyout of the online music community. http://www.ibtimes.com/articles/20080926/best-buy-begins-napster-tender-offer.htm Fri, 26 Sep 2008 17:07:27 EDT WHAT'S DOWN: Best Buy Co. says its second-quarter profit slid 19 percent, falling to $202 million, or 48 cents per share, for the three months ending Aug. 30. http://www.ibtimes.com/articles/20080916/best-buy-2q-profit-slides-19-percent.htm Tue, 16 Sep 2008 16:48:20 EDT