Wednesday, April 7, 2010 as of 11:14 AM ET
Consumer electronics are electronic equipment intended for everyday use, most often in entertainment, communications and office productivity.
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(BBY) reported a mixed fiscal first quarter, interim Chief Executive Mike Mikan bluntly acknowledged the electronics retailer's failure to keep up with a drastically changed market and promised bold action to turn it around.He made his comments, which lacked specifics about initiatives, on a Tuesday conference call discussing Best Buy's first-quarter results. Earnings fell 25% on costs tied to initial restructuring and a drop in same-store sales. Revenue would have fallen without an extra week in the period, but adjusted profit rose more than expected as the restructuring yielded overhead cost savings.Mikan said Best Buy is crafting a new long-term plan, calling the initiatives unveiled before the abrupt departure of former Chief Executive Brian Dunn "just the first phase of the changes to come."At that time, Best Buy said it would be cutting costs by closing 50 big-box stores, testing remodeled formats in two markets and laying off 400 back-office workers. Tuesday, the...Embattled retailer Sears Holdings (NASDAQ:SHLD) said on Tuesday it anticipates posting a first-quarter operating profit later this month as the sale of underperformi...
Best Buy Co. (BBY) has ended its foray into the lower-income rent-to-own field, shutting a program that Rent-A-Center Inc. (RCII) was running in some Best Buy stores...
Mark Mahaney of Citi Investment Research gives his outlook for Amazon earnings.
DOW JONES NEWSWIRESDuPont Co. (DD) said it will raise its quarterly dividend by 4.9% as the chemicals company looks to increase shareholder return.The two-cent incre...
DOW JONES NEWSWIRES3M Co.'s (MMM) first-quarter earnings climbed 4.1% as sales in the diversified company's industrial and transportation business more than offset w...
Following Best Buy's announcement that it would shutter 50 retail locations as part of an effort to cut costs, one market research firm said it believes the decline ...
Former Best Buy CEO Brad Anderson breaks down whether the big-box retailer can continue in the current marketplace.
Intel CEO Paul Otellini on the company’s earnings and the future of the company in smartphones and ultrabooks.
DOW JONES NEWSWIRESDuPont Co.'s (DD) first-quarter profit rose 4% as the chemicals giant benefited from higher pricing and a jump in sales of agricultural products, ...
Spurred by technological innovation that is causing even the most sacred private activities to potentially be blown into the spotlight, the once-rigid line between t...
Best Buy (NYSE:BBY) is reportedly probing former CEO Brian Dunn's personal life to see if he misused company assets while having an alleged affair with a female subo...
DOW JONES NEWSWIRESBest Buy Co. (BBY) said it will create a committee to lead the search for a new chief executive officer, two days after Brian Dunn abruptly steppe...
Best Buy Co Inc (NYSE:BBY) reported better-than-expected quarterly sales and maintained its outlook for the year, sending its shares up on Tuesday.The world's larges...
HTC on Sunday announced that some of its smartphones have already been inspected by United States Customs and have been released to carriers. The Taiwan-based vendor...
Best Buy (NYSE:BBY) said its former chief executive, Brian Dunn -- who abruptly resigned in April following allegations of an affair with a female subordinate -- dem...
Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-mak...
Sony Corp predicted a return to profit this year as it looks to halve the losses in its TV business that pushed the Japanese consumer electronics giant to a record l...
Samsung Electronics Co. (005930.SE), the world's largest television maker by sales, said Thursday that it will start selling its new generation ultra-thin TVs from t...
May Brings Warm Weather -- and Hot DealsMay is a month of change. Starting with the spring flowers of May Day and Mother's Day, it revs up to the Memorial Day cookou...
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