A comparison of year-ago targets to current share prices shows that for 10 S&P 500 stocks, analysts missed the mark by more than 60 percent.» Read More
NEW YORK— Barnes& Noble, which is splitting into two companies next month, named Sears Canada CEO Ronald Boire to lead its retail operations and said company CEO Michael Huseby will become executive chairman of its educational wing. Boire will join the company in September as CEO of Barnes& Noble Inc., overseeing its nearly 650 stores and its Nook e-book business.
LONDON, July 2- British electrical goods and mobile phone retailer Dixons Carphone has sealed a deal with Sprint Corp., the U.S. mobile network operator, that could see it open and manage up to 500 Sprint-branded stores in the United States. Dixons Carphone, formed last year from the merger of Dixons Retail and Carphone Warehouse, said on Thursday its...
NEW YORK— The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers like home builders, property managers, hotels, and governments. General Electric Co. and Electrolux said they will...
TOKYO, June 19- Japan's once-mighty electronics makers have lost billions of dollars from TVs but Sony Corp and Panasonic Corp won't quit, saying retreating from the world's living rooms would close the door to more promising businesses. Consumer electronics account for a shrinking portion of income after restructuring focused Sony on gaming and image...
The "Fast Money" traders give their final trades of the day.
In many cases, a brand's name can make or break its success.
U.S. stocks traded in a narrow range on Thursday as investors eyed slightly lower bond yields and mostly shook off the morning's mixed economic data.
Shares of Best Buy are up 40 percent in the last year. Jim Iuorio, TJM Institutional Services, and Jeff Kilburg, KKM Financial, debate the trade on the stock.
Retailers have had their share of stumbles over the years. Here's who's turning it around.
Best Buy's Q1 earning beat Wall Street's estimates.
Peter Keith, Piper Jaffray, reacts to Best Buy's strong earnings report and top quarter for consumer electronics.
*Lumber Liquidators plunges after CEO resigns. *CVS up on $10.1 bln Omnicare deal. May 21- U.S. stocks moved higher in morning trading on Thursday as investors shrugged of fresh batch of weaker-than-expected data, which came a day after the Federal Reserve all but ruled out an interest rate hike in June.
*Lumber Liquidators plunges after CEO resigns unexpectedly. *Best Buy rises; NetApp falls after results. *CVS up on $10.1 bln Omnicare deal.
Best Buy reported quarterly earnings and revenue that topped analysts' expectations on Thursday.
U.S. stock index futures indicated a softer open on Thursday, ahead of existing home sales.
May 21- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported better-than-expected quarterly profit and sales, helped by strong demand for smartphones and large-screen TVs. Best Buy said its revenue growth in the United States was driven by sales of mobile phones bundled with billing plans by telecom carriers. Best Buy's revenue from the United...
Some of the names on the move ahead of the open.
May 21- U.S. stock index futures were slightly lower on Thursday, a day after minutes from the latest Federal Reserve meeting bolstered expectations that interest rates would stay near zero until later this year. The jobless claims data is due at 8:30 a.m. ET. *Data measuring the growth in the U.S. manufacturing sector in May is due at 9:45 a.m. ET and 15 minutes...
Traders will be watching housing starts to see if the sector will show sign of life on Thursday.
May 21- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported better-than-expected quarterly profit and sales, helped by strong demand for large-screen TVs, smartphones and appliances. The net income attributable to Best Buy's shareholders fell to $129 million, or 36 cents per share, in the first quarter ended May 2 from $461 million, or $1.31 per...