Computer and Electronics Retail
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Among the earnings stories for Tuesday, May 21, from AP Business News:. _ Best Buy Co., the electronics retailer, reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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Among the earnings stories for Tuesday, May 21, from AP Business News:. _ Best Buy Co., the electronics retailer, reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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NEW YORK-- Hhgregg Inc.' s shares tumbled Tuesday after the electronics and appliance retailer reported a slightly better-than-expected fiscal fourth-quarter profit, but its revenue fell well short of Wall Street predictions. THE SPARK: Hhgregg said late Monday that it earned $9.9 million, or 31 cents per share.
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Best Buy shares fell after the company's latest earnings report, but CEO Hubert Joly said there are early positive signs that the moves are beginning to resonate with consumers.
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CNBC's Courtney Reagan breaks down the big box retailers first quarter results.
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Rob Enderle, President and Principal Analyst at Enderle Group, talks Icahn's Dell bid, and whether Dell will be able to turn itself around in this new cloud services industry.
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Wall Street analysts got ahead of themselves with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high, and consumers were still worried about their prospects.
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JAKARTA, May 7- PT Electronic City Indonesia, one of Indonesia's biggest electronics retailers, is seeking to raise around $150 million in an initial public offering in June 2013 as it aims to tap foreign investor demand for consumer stocks, two sources said.
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JAKARTA, May 7- PT Electronic City Indonesia, one of Indonesia's biggest electronics retailers, is seeking to raise around $150 million in an initial public offering in June 2013 as it aims to tap foreign investor demand for consumer stocks, two sources said.
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*Carphone Warehouse to pay 500 mln stg for the stake* Best Buy retrenches to core U.S. market By Dhanya Skariachan and Paul Sandle. NEW YORK/ LONDON, April 30- U.S. retailer Best Buy Co Inc retreated from an ill-timed European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half of what it paid five years ago.
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U.S. retailer Best Buy is selling its 50 percent stake in a joint venture with Europe's biggest independent mobile phone retailer Carphone Warehouse Group back to its European partner for about 500 million pounds (or $775 million).
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*Best Buy to sell 50 pct in Carphone Warehouse Europe. *Best Buy retrenches to core U.S. market. NEW YORK/ LONDON, April 30- U.S. retailer Best Buy Co Inc retreated from its ill-fated European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half what it paid five years ago.
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NEW YORK, April 30- U.S. retailer Best Buy Co Inc. The deal will strengthen Best Buy's balance sheet, simplify its business and improve its return on invested capital, CEO Hubert Joly said in a statement on Tuesday, adding that the timing and economics felt right for the deal.
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MOSCOW, Apr 29- Russia's biggest home electronics and white goods retailer M.Video said on Friday its board of directors recommended not to declare 2012 dividend payments.
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IDC report shows much greater declines in PC shipments than expected, but a long piece on the semiconductor industry by Barclays is also getting a lot of attention.
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Tim Daniels, TMT sector strategist at Olivetree Securities, discusses why PC sales have recorded their biggest quarterly drop since 1994 and what the future holds for Microsoft.
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Retailer Best Buy is offering a 30 percent discount on its current stock of Apple iPad 3 tablets in the United States, a spokeswoman for the world's largest consumer electronics chain said.
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NEW YORK, April 3- Retailer Best Buy Co is offering a 30 percent discount on its current stock of Apple iPad 3 tablets in the United States, a spokeswoman for the world's largest consumer electronics chain said on Wednesday.
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NEW YORK, April 3- Retailer Best Buy Co is offering a 30 percent discount on all Apple on its current stock of iPad 3 tablets, a spokeswoman for the world's largest consumer electronics chain said on Wednesday. Retailers typically slash prices on products in the lead-up to a major launch of a new iPad or iPhone as a way of clearing old inventory, analysts have said.
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Just browsing? That'll cost you at some retailers. These fees are the latest company tactic in the fights against counterfeiting and "showrooming."
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Alan Rifkin, Barclays Capital analyst, has the investor play on the electronics retailer.