|December 5, 2012|
|18:46 EDT||BBY||TechForward awarded $27M in lawsuit against Best Buy|
A California jury has awarded TechForward $22M in damages for the improper use of TechForward's trade secrets by Best Buy (BBY) and two of its subsidiaries relating to TechForward's Guaranteed Buyback Program. The jury determined that Best Buy's conduct was willful and malicious. The court also awarded TechForward an additional $5M in punitive damages.
News For BBY From The Last 14 Days
|October 24, 2014|
|08:24 EDT||BBY||BofA/Merrill turning more positive on Best Buy|
BofA/Merrill said it is turning more positive on Best Buy and raised estimates and its price target to $40 from $36 ahead of the Q3 report in November. The firm cites strong iPhone 6 sales and other new products for driving an increase in its Q3 comp forecast and expects the company to achieve its $1B cost savings target. BofA/Merrill expects steady margin expansion and shares repurchases to resume in 2015, which will add to earnings growth. Shares are Buy rated.
|October 22, 2014|
|10:12 EDT||BBY||Best Buy calls active, reiterated as a top pick ahead of holiday’s at Barclays|
Best Buy October weekly 32, November 34 calls are active on total call volume of 3K calls (1K puts). October weekly call option implied volatility is at 49, November is at 44, December is at 42; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term upside price movement after reiterated as a top pick ahead of holiday season at Barclays.
|08:36 EDT||BBY||Best Buy reiterated as a top pick ahead of holiday season at Barclays|
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|October 15, 2014|
|14:01 EDT||BBY||Intel launches 'Intel Experience' exclusively in 50 Best Buy stores|
Intel (INTC) has launched “The Intel Experience” exclusively in 50 Best Buy (BBY) retail stores nationwide. The hands-on experience zone gives everyone the opportunity to try, explore and play with the latest, cutting-edge technologies like 3-D printing, gaming meets augmented reality, and digital disc jockey remixing.