Best Buy Co Inc
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It's Fed Chairman Ben Bernanke's turn to weigh in on whether the economy is strong enough to justify the Fed slowing down its easing any time soon.
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Oct 9- Best Buy Co Inc Chief Financial Officer James Muehlbauer is leaving the embattled retailer after more than a decade, the company said on Tuesday. Muehlbauer will continue to support the electronics retailer through the end of the 2013 fiscal year, the company said. Best Buy said it is looking for a replacement.
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Check out which companies are making headlines after the bell Tuesday.
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U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
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One investment bank thinks Netflix bears have had their fun, and there may be close to 30-percent upside in shares. TheStreet.com reports.
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HONG KONG, Oct 8- China's retail sales growth slowed during the Golden Week break, but demand was better than expected, and authorities provided a snapshot of increasingly important sources of demand in the world's second-largest economy.
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Oct 3- General Electric Co will recall 62,000 GE Profile front-loading clothes washers after receiving 19 reports of the washer basket breaking loose during the spin cycle, the U.S. Consumer Product Safety Commission said on Wednesday.
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Oct 3- General Electric Co will recall 62,000 GE Profile front-loading clothes washers after receiving 19 reports of the washer basket breaking loose during the spin cycle, the U.S. Consumer Product Safety Commission said on Thursday.
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The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
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Stocks posted modest gains in volatile trading Wednesday, lifted by a batch of better-than-expected economic reports, but ongoing worries over a global slowdown kept investors on edge.
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NEW YORK-- Best Buy on Wednesday named an Expedia executive as head of its e-commerce operations. Scott Durchslag, 46, will be senior vice president of Best Buy and president online and global e-commerce, effective Monday. He will be responsible for all of Best Buy's global e-commerce channels, including BestBuy.com and mobile commerce.
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The market's gains were held in check by a slump in energy stocks and Hewlett-Packard' s 11 percent drop. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
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Oct 3- Best Buy Co Inc:. *Best buy co- Scott durchslag has been named senior vice president Best Buy. *Says prior to joining Best Buy durchslag was president of expedia worldwide.
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NEW YORK-- Best Buy Co.' s shares climbed Wednesday because of a report indicating that its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.
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U.S. stocks advanced on Wednesday after stronger-than-expected employment and service-sector data in the United States. But a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $41.60, up 177 pct.
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U.S. stocks rose on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. **SAREPTA THERAPEUTICS INC, $40.65, up 171 pct. **HEWLETT-PACKARD CO, $15.67, down 8.4 pct.
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**SAREPTA THERAPEUTICS INC, $40.19, up 168 pct. **BIOLASE INC, $2.11, up 27 pct. The company said health regulators in Europe and the United States approved its laser device for use in soft tissue surgery, teeth whitening, and pain therapy.
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*Best Buy founder, private equity firms examine books. Stocks oscillated between gains and losses as hopes that Spain will eventually request a bailout were offset by concern over China's slowing economy.
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The Nasdaq Composite Index rose 0.37 percent. **SAREPTA THERAPEUTICS INC, $30.30, up 102 pct. **INTERMUNE INC, $9.74, up 10 pct.
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"The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. The Institute for Supply Management said its index of service companies, which includes everything from financial firms to clothing stores, rose in September to the highest level since March.
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**SAREPTA THERAPEUTICS INC, Tuesday close $14.99, up 135 pct premarket. **HEWLETT-PACKARD CO, Tuesday close $17.13, up 0.4 pct premarket. **GOOGLE INC, Tuesday close $756.99, up 0.13 pct premarket.