IDC released data supporting declining worldwide PC Shipments through 2016 into 2017.
June 6- Best Buy Co Inc's shares fell as much as 5 percent on Monday after Chief Executive Hubert Joly cut his stake in the electronics retailer by about 44 percent, two weeks after the company gave a disappointing current-quarter profit forecast. Best Buy spokesman Jeffrey Shelman said on Monday that Joly's sale was "solely related to his desire to diversify his...
The electronics retailer said second-quarter profit will be impacted partly due to a supply disruption for some high-margin products after an earthquake in Japan and due to investments in services launched last September. Chief Executive Hubert Joly said he expects the supply disruption from Japan to be limited and a rebound in demand when supply resumes.
May 24- Best Buy Co Inc's quarterly revenue fell 1.3 percent, the third straight quarter of decline, as strong demand for wearable devices, appliances and home theaters failed to offset weak sales of mobile phones and computers. However, the largest U.S. consumer electronics retailer said the net income attributable to shareholders rose to $229 million, or 70...
Discussing Apple's new San Francisco flagship store with Jan Kniffen, CNBC Contributor and J. Rogers Kniffen Worldwide CEO; Jessica Lessin, CEO of The Information; and CNBC's Jon Fortt.
Many of the counterfeit products on Alibaba's e-commerce sites aren't easy to identify, even for this skilled shopper.
Alibaba promised to cooperate with global brands on stamping out fake products, despite being turfed from the top anti-counterfeiting coalition.
PARIS, April 27- French retailer Fnac is set to clinch a takeover deal for electronics chain Darty after rival bidder Steinhoff effectively dropped out of the race on Wednesday. South African furniture retailer Steinhoff said it would not raise its latest 160 pence a share offer for Darty because that would "no longer create sufficient value for its...
*Fnac offers 170 pence per Darty share, up from 153 pence. PARIS/ JOHANNESBURG, April 25- French retailer Fnac raised its offer for Darty on Monday to around 900 million pounds in a final bid to win Europe's largest electronics goods chain in a battle with South Africa's Steinhoff. Fnac, declaring the offer its last, said it would pay 170 pence per Darty share in cash, up...
PARIS, April 21- French retailer Fnac said on Thursday it would offer 145 pence per share to buy Darty, Europe's third-largest electronics retailer, trumping an offer from Conforama, part of South African retail conglomerate Steinhoff. Conforama on Wednesday had increased its offer to 138 pence, valuing Darty at approximately 742 million pounds.
April 20- Conforama has increased its cash offer for shares in electronics retailer Darty Plc it does not already own to 138 pence per share, Conforama's parent company said on Wednesday. Earlier in March, Steinhoff, through French-based unit Conforama, offered 673 million pounds in an all-cash deal to acquire Darty, trumping a competing takeover bid from a...
Lexmark International agrees to be acquired by a Chinese group led by Apex Technology.
The tech giant says its newest laptop computer has a faster processor and longer battery life.
PARIS, April 14- French retailer Casino, under pressure from an activist U.S. investor, beat first-quarter sales forecasts on Thursday, showing a recovery in its home market and a slower decline in consumer electrics demand in recession-hit Brazil. The group, which saw its credit rating cut to junk status last month by Standard& Poor's, also kept its goals for...
The tech giant is making an eco-friendly change by switching to paper bags.
CNBC's Josh Lipton reports from a Palo Alto Apple Store where CEO Tim Cook made a surprise appearance today about how the launch of the iPhone SE has lured some Android users to make the switch.
CNBC's Josh Lipton reports from a Palo Alto Apple Store where Apple CEO Tim Cook appeared to meet with potential customers
The virtual reality headset could move on from gamers, and into the commercial space.
Francine Lai, Investment Advisor at Gerber Kawasaki, and Lance Ulanoff, Chief Correspondent at Mashable, discuss Apple's product announcement including the new market for the iPhone SE. CNBC's Mike Santoli and "Fast Money" trader Jon Najarian also give their thoughts.
Farhad Manjoo, Tech Reporter for The New York Times, talks with CNBC's Jon Fortt in Cupertino ahead of Apple's product event on Monday.