6:47am ET
Retail
Downsizing Is Best Buy’s Only Option
No matter who gets control of Best Buy Co. Inc. (NYSE: BBY), its current board or founder Richard Schulze, the company faces brutal cuts in stores and personnel. There is no other…
AMZN Coverage Page 292
11:43am ET
Media
Google, YouTube Still Dominate Online Video (GOOG, FB, YHOO, MSFT, AOL, VIAB, AMZN, TWX, SNE)
The YouTube division of Google Inc. (NASDAQ: GOOG) drew 157 million unique viewers in July, nearly 3x the number of unique viewers of its nearest rival, Facebook Inc. (NASDAQ: FB). The figures…
1:55pm ET
Companies and Brands
Coinstar Rising on Going-private Rumor (CSTR, NFLX, VZ, AMZN, SBUX)
Shares of the maker of the ubiquitous Redbox video rental machines, Coinstar Inc. (NASDAQ: CSTR), have gotten a nice jolt today from a story in the New York Post that the company…
10:17am ET
Investing
Best Buy Founder Takes His Case for Privatization to Board
Best Buy Co. Inc. (NYSE: BBY) founder and CEO Richard Schulze continues to push his case to take Best Buy private. “You can easily test how real my proposal is by granting me permission to form a…
1:17pm ET
Telecom & Wireless
Samsung Galaxy Note Tablet for Sale Tomorrow (SSNLF, AAPL, MSFT, ADBE, BKS, GOOG, BBY, AMZN)
While the Samsung Electronics (OTC: SSNLF) and Apple Inc. (NASDAQ: AAPL) continue to fight in court over mobile technology, both companies are preparing to release new products. We’ve already noted the coming…
9:27am ET
Retail
Walmart Gets OK on Chinese Acquisition (WMT, YHOO, DANG, AMZN)
Wal-Mart Stores Inc. (NYSE: WMT) has received approval from Chinese regulators to boost its stake in e-commerce company Yihaodian to 51%, according to the Wall Street Journal. The financial details of the…
6:39am ET
Jobs
Time for Layoffs at Groupon, as Market Cap Drops 50% Below Google Offer
Groupon Inc. (NASDAQ: GRPN) may be the first of the large Web 2.0 companies that has gone public in the past year to lay off workers. At least it should be. The…
6:17am ET
Media
Barnes & Noble: More Nook Trouble
courtesy Barnes & Noble Inc.One of the first lessons business school students learn is that it is dangerous to lose money on each product a company sells with the hope that the…
7:49am ET
Companies and Brands
JCPenney’s Results Awful, Stock Sinks (JCP, AAPL, TGT, KSS, AMZN, BBY)
Wikimedia CommonsJCPenney Co. Inc. (NYSE: JCP) reported an adjusted second-quarter net loss of $0.37 per share and $3.02 billion in revenues before markets opened today. EPS for the same period a year…
6:17am ET
Special Report
America’s Worst Companies to Work For
Companies often tout their workplaces as an inviting environment for employees. Yet many are far from it, and employees at many of America’s largest corporations dislike, or even hate, their jobs. With…
6:21am ET
Investing
Media Digest (8/8/2012) Reuters, WSJ, FT, Bloomberg
In the copyright case between Google Inc. (NASDAQ: GOOG) and Oracle Corp. (NASDAQ: ORCL), the judge asks for names of paid reporters and bloggers who work for the companies. (Reuters) The government…
6:34am ET
Investing
Media Digest (8/7/2012) Reuters, WSJ, NYT, FT, Bloomberg
Chesapeake Energy Corp. (NYSE: CHK) sells assets to improve earnings. (Reuters) Standard Chartered may lose its New York banking license over allegations it hid $250 billion in transactions tied to Iran. (Reuters) Acer…
6:12am ET
Media
Amazon.com Announces Social Game Products
Quietly, Amazon.com Inc. (NASDAQ: AMZN) has announced its entrance into the social game business. It will be joining a slew of companies in that nascent business. Due to the number of visits to…
8:36am ET
Retail
Details Emerge of Best Buy Founder Buyout Offer
Best Buy Co. Inc. (NYSE: BBY) is surging this morning. Bloomberg first reported, now confirmed in a press release, that founder Richard Schulze is sending a letter to the board of directors saying…
7:21am ET
Consumer Electronics
RIM Pins Hopes on New PlayBook
Research In Motion Ltd. (NASDAQ: RIMM) continues its push to remain relevant in the new world of tablets and smartphones, and to keep itself from being broken into pieces and sold off as junk.…
