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Stock Market & Financial Investment News

News Breaks
June 10, 2014
08:01 EDTBBYBest Buy increases dividend 12% to 19c per share
The Board of Directors of Best Buy has approved an increase in the company’s quarterly cash dividend from 17c to 19c per common share, an increase of 12%. The change will be effective with the quarterly dividend which, if authorized, would be payable on October 2 to shareholders of record as of September 11. Hubert Joly, Best Buy president and CEO, remarked, “Our decision to increase the amount of cash we are returning to shareholders is indicative of our improved cash position and our confidence in the cash-generating power of our multi-channel business model.”
News For BBY From The Last 14 Days
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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
September 8, 2014
06:21 EDTBBYSmartwatch market to reach $10B by 2018, says Citigroup
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