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Stock Market & Financial Investment News

News Breaks
December 14, 2012
09:08 EDTBBYBest Buy drops after CNBC says deadline for takeover bid extended
Best Buy's (BBY) board and Richard Schulze, the company's founder and former chairman, have agreed to extend the deadline for a potential takeover bid by Schulze until February 28, CNBC's David Faber reports. Schulze has a window of February 1 to February 28 to submit a takeover proposal for the struggling retailer, Faber added. Shares of Best Buy dropped 8%, or $1.16, to $12.96 in pre-market trading following Faber's report.
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September 15, 2014
11:09 EDTBBYRadioShack rises after CFO resigns, analyst suggests Amazon should buy stores
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06:24 EDTBBYRadioShack liquidation could lift Best Buy comps, says Deutsche Bank
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September 11, 2014
07:13 EDTBBYSome retailers wary of Apple Pay platform, Reuters says
Apple (AAPL) Pay's success is dependent on incorporating more large retailers such as Wal-Mart (WMT) and Best Buy (BBY) into the service, but both retailers recently ceased accepting payments using NFC terminals, according to Reuters, citing comments from Best Buy spokesman Jeff Shelman. Shelman said, "At this point we have no plans to accept Apple Pay." Reference Link

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