Best Buy’s (NYSE: BBY) board selected an astonishingly weak committee to begin the search for a new CEO after former chief executive Brian Dunn made a disgraceful exit. The committee’s opinion will not matter.…
The prices that Spain has to pay for debt continue to race higher. The level, now more than 6% for 10-year notes, cannot be sustained if the nation is to balance its…
Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters) The…
A number of cities’ residents breathed a sigh of relief as they found out that they would not face a shuttering of their local Best Buy (NYSE: BBY) stores. The electronics retailer…
Google (NASDAQ: GOOG) splits its stock in a way that will help its founders keep control, and the company also announces strong earnings. (Reuters) China’s GDP reaches a three-year low. (Reuters) Bank of…
Jon OggApparently having a short selling strategy under a hedge fund exchange-traded fund model has been working. This week we received notice that the assets under management for AdvisorShares ActiveBear ETF (NYSE: HDGE) hit a record…
Sony (NYSE: SNE) says it will eliminate 10,000 jobs and retool the company for growth. (Reuters) Exports from Japan improve. (Reuters) The Fed’s Beige Book reports concern about energy costs. (Reuters) The World…
Spain’s industrial production falls 5.1% on an annual basis in February. (MarketWatch) U.S. brokerage firms pay increasingly higher bonuses to get top producers. (Reuters) Alcoa (NYSE: AA) has a surprising first-quarter profit.…
24/7 Wall St. has said for over a year that Best Buy (NYSE: BBY) could not be turned around under incompetent CEO Brian Dunn. Clueless Best Buy founder Richard M. Schulze must…
Investors have plenty of reasons to want disoriented Best Buy (NYSE: BBY) CEO Brian J. Dunn to be dismissed. Dunn has lost his way as he tries to find a path to compete online with…
Markets opened higher this morning and after a decline in mid-morning moved higher and wobbled around modest gain to the beginning of the last hour of trading today. This morning’s report on…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday. Best Buy Co. Inc. (NYSE: BBY) Maintained Hold at Argus. Buffalo Wild…
Three companies recently announced plans to improve their fortunes. Google (NASDAQ: GOOG) will launch its own tablet PC to challenge the Apple (NASDAQ: AAPL) iPad, the Wall Street Journal reports. Best Buy…
Eurozone officials will increase the size of the funds to create “firewalls” around financially troubled nations. (Reuters) Research In Motion’s (NASDAQ: RIMM) CEO says the firm’s struggles will continue as more management…
Markets opened lower this morning but fought back on the day. This morning’s report new unemployment benefits claims tamped down enthusiasm among investors (our coverage here). US natural gas inventories rose much…
