At one point Tuesday the shares fell to 31 percent below their price on June 23, 2009, the day before Dunn took over as CEO, through Monday's close. Initial euphoria over Dunn's resignation soon gave way to a selloff.
Best Buy Co said Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters.
Brian Dunn, who has worked at the electronics retailer for 28 years, will be replaced on a temporary basis by director G. Mike Mikan. A search committee will seek Dunn's permanent replacement.
Best Buy Co said its Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, as the company looks to please investors looking for change at the top.
A U.S. appeals court on Friday showed few signs that it was prepared to support a request by Apple Inc to block immediately the sale of some Samsung Electronics smartphones and tablets.
A U.S. judge largely sided with Apple on Wednesday over how several technical terms will be defined in its patent fight against Samsung over smartphones and tablets.
A U.S. judge largely sided with Apple on Wednesday over how several technical terms will be defined in its patent fight against Samsung over smartphones and tablets.
Standard & Poor's Ratings Services said Wednesday it was considering slashing the credit rating of Best Buy Co. Inc. to junk status, or below investment grade.
Best Buy has fallen on hard times in a sluggish economy, suffering a dismal drop in sales and an overall $1.2 billion loss over the last fiscal year. The electronics giant announced Thursday that it will close 50 stores and cut 400 jobs at its Richfield, Minn., corporate headquarters, hoping to save $800 million over the next three years in order to stay afloat.
Best Buy Co Inc announced Thursday that due to a mulish slither in sales at its US stores, the company decided to close 50 big box stores and cut as much as 400 jobs at its corporate headquarters in Richfield, Minnesota.
Best Buy swung to a loss in the fiscal 2012 fourth quarter, as well as the full year, leading the world's largest consumer electronics retailer shutter 50 big box stores in the coming year, the company reported Thursday.
Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas.
It seems that fickle and vague names for are becoming a staple of the major electronic industry. Samsung’s flagship phone for 2012, commonly known as the Galaxy S3, may be taking on a different title. The new device is rumored to be labeled as the Galaxy M, according to a report from The Christian Post’s Tech and Biz section.
Best Buy Co Inc reported weaker-than-expected sales for the fourth quarter on Thursday, and said it has decided to close 50 big-box stores and to cut 400 jobs in corporate and support areas.
Samsung Electronics Co aims to double its share of the sub-Saharan smartphone market to 20 percent by next year, as it focuses on affordable handsets, the head of its Africa business said on Thursday.
This summer may be an important time for the mobile industry. Two of the biggest competitors in the industry, Apple and Samsung, could be releasing their next generation smartphones, according to Android news blog AndroidAndMe.
Are you a fan of Samsung? If you are, then there is great news from Samsung. The most-anticipated android smartphone – Galaxy S3 – is around the corner. The new flagship device is building momentum with Rado-style ceramic design and awesome features.
Apple and Samsung have been wrangling with each other for so many months. Sometimes Apple tries to sue Samsung and other times it is Samsung’s turn to play its legal games against Apple. Many people may think that these two companies are enemies, but they are business partners when it comes to hardware components.
Samsung Electronics Co <005930.KS> said on Thursday a Dutch court rejected its 3G patent bid to ban sales of Apple's
iPhone and iPad in the Netherlands.You can win some serious cash if you fill out a good bracket.
In a recent data report, it has been declared that Korean Giant Samsung's market share is the triple of what Apple has in China and the analyst are claiming that it is still increasing.
With the new iPad hitting stores on March 16, tech geeks are sure to be rushing in their pre-orders. Referred to as the “post PC” device, the upcoming gadget packs full HD quality into a portable 9.7-inch screen.
