The stock buyback craze has continued into the second quarter, and the cumulative effect of that craze is really mounting.» Read More
Stocks closed higher as diminished tension in the Middle East set a positive tone for the major market indexes, which remained resilient despite lukewarm economic data. "The resolution between Iran and Britain took a dark cloud away, it's the best of all worlds," said Dan McMahon, head of listed trading at CIBC World Markets.
Best Buy fourth-quarter earnings rose 18.5% as it benefited from a combination of strong television sales, installation services, and a quarter that was a week longer than last year.
Stocks were mixed in early trading after Iran's president said the British sailors would be freed. Oil moved lower, under $64 a barrel. Oil inventory data is due at 10:30 a.m. EDT.
Best Buy and Circuit City Stores each report earnings Wednesday. Which tech-toy titan will prove the victor tomorrow -- and in the future? Analysts from Piper Jaffray and UBS Securities joined CNBC's Bill Griffeth to pick their winner -- though both firms look attractive.
It’s Friday on Mad Money, and that means it is time for a game plan for the upcoming week. This week, Cramer’s got his eye on three things – two IPOs and one quarter. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Circuit City Stores said it will explore options including a sale for its Canadian unit InterTAN Inc. and cut about 3,400 store associate jobs as the retailer tries to improve its financial performance.
Cramer takes calls on Washington Mutual, Best Buy and the newly public BigBand Networks, among many more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Best Buy plans to open about 130 stores in the United States, Canada and China during its fiscal year beginning March 4, the company said today.
Circuit City Stores said it is closing about 70 stores, most of them in Canada, and Chief Merchandising Officer Douglas Moore has left as the company responds to increased pressure in the electronics retail market.
Eastman Kodak is introducing a line of desktop printers and low cost replacement inks on Tuesday, as the photography company takes on a market dominated by Hewlett-Packard.
U.S. home electronics retailer Best Buy, which last month opened its first store outside North America, in Shanghai, plans a foray into other markets this year, the head of its overseas business said.
Here we are, on the eve of the huge Consumer Electronics Show in Las Vegas. We had pretty good anecdotal data from some of the industry's biggest names that 2006 was a strong year for the business, but now we have hard data, courtesy of the Consumer Electronics Association, the group hosting this week's event in Las Vegas. And 2007 looks even stronger!
The nation's two biggest consumer electronics retailers, Best Buy and Circuit City, reported strong December sales on Friday, a bright spot in a month that was weak for many other retailers.
Markets? Markets? We Don’t Need No Markets!: During its nearly 18-year history, CNBC has employed a number of programming strategies on days when the markets are closed. Today is one such day - as the nation honors the memory of its 38th president, Gerald Ford. In this instance, we chose to go with regular live programming....
Earnings at Bed Bath & Beyond, rose to 50 cents a share, but fell 2 cents short of analysts' expectations. Revenues were in line at $1.62 billion.
Circuit City Stores is down sharply after the retailer reported an unexpected quarterly loss. Falling margins took a bite out of the bottom line as prices for hot electronics like flat-panel televisions declined.
Attention holiday shoppers: Waiting until the last minute may land you a few deals, but you may not find the gift you're looking for.
Shoppers across America have millions of gift cards tucked away in envelopes, drawers and wallets. And some of the nation's largest retailers are profiting as a result.
The unseasonably warm weather in much of the nation may curb apparel sales this holiday season--which might be a good thing for merchants that don't sell clothes.
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot.