Retailers hope that “mega Monday” sales continue a string of strong retail results. (Reuters) The MF Global disaster prompts requests that the systems for grain trading to be changed. (Reuters) Chinese investment…
Investors walked away from several retail stocks late this year. Those companies probably will continue to falter in 2012 and 2013. Best Buy (NYSE: BBY), Gap (NYSE: GPS) and Sears Holdings (NASDAQ:…
Congress makes a deal to keep payroll taxes low and unemployment benefits in place for two more months. (Reuters) The U.S. approves a Deutsche Boerse deal to merge with NYSE Euronext (NYSE: NYX). (Reuters)…
The list of reasons that Best Buy’s (NASDAQ: BBY) board should fire CEO Brian Dunn just got longer. A number of orders made by customers from bestbuy.com will not be delivered by…
Douglas A. McIntyre Andrea Jung was forced out as CEO of Avon Products (NYSE: AVP) after years of poor financial performance at the company. The CEO of Best Buy (NYSE: BBY), Brian Dunn, should be the…
A CME (NASDAQ: CME) executive says Jon Corzine knew about money that MF Global transferred to European accounts. (Reuters) Accounting problems at Olympus may make it a takeover target. (Reuters) Italian bond yields hit…
Stocks opened firmly higher this morning and the DJIA rose by more than 130 points in the first hour of trading. The dollar gained strength against the euro putting more enthusiasm into…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include LiveDeal Inc. (NASDAQ: LIVE), Synovis Life Technologies, Inc. (NASDAQ:…
Paul Ausick Electronics retailer Best Buy Co. Inc. (NYSE: BBY) tried something different this year to boost its Black Friday sales. The store spent much more on promoting its goods and opened its stores…
Paul Ausick Best Buy (NYSE: BBY) shares plunged as it reported another weak quarter. CEO Brian J. Dunn may be closer to losing his job. Revenue rose only 2% to $12.1 billion in the…
Douglas A. McIntyre Chasing a stock just because it appears to be a “value stock” is often a painful exercise that damages investors. Still, sometimes the value of a company is just too difficult to…
Jon C. Ogg If the recent CNBC survey of US holiday shoppers accurately portrays what these shoppers plan to spend this year, US retailers can expect a pretty good year. Those surveyed said they plan…
Holiday e-commerce sales continue to set records. Amazon.com (NASDAQ: AMZN), which is the leader in e-commerce sales by far as a single company, is likely to be among the major beneficiaries of…
Smartphone pioneer Research in Motion Ltd. (NASDAQ: RIMM) has lowered its third-quarter guidance and said that it will take a “predominantly” non-cash charge of $485 million on its existing inventory of the…
Google (NASDAQ: GOOG) may enter the e-commerce business which would put it into direct competition with Amazon.com (NASDAQ: AMZN), according to The Wall Street Journal, Reuters points out that Google relies heavily…
