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NEW YORK-- Best Buy says two executives, including its U.S. president, are leaving the company as it eliminates the most senior level of its U.S. operations to become more streamlined. Best Buy is facing increasing competition from online retailers and discounters. Mike Vitelli, president of Best Buy's U.S. business, will resign when the fiscal year ends Feb. 3.
Once all is said and done, consumers, the state and Amazon all could actually benefit – the rare win–win–win for all involved.
While there’s been an explosion of apps and websites bringing retail online, the latest wave of innovation is focused on bringing mobile technology into brick-and-mortar retailers.
CNBC's Bob Pisani & Kayla Tausche chat about last night's presidential debate and who they thought won.
CNBC's Courntey Reagan reports that Best Buy plans to sell its own tablets.
Target announces programs aimed at holiday shoppers, including a pledge to match online competitors' prices.
NEW YORK-- In the latest effort to beat Amazon.com at its game, Target says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season.
SEATTLE, Oct 12- Microsoft Corp opened its Windows 8 operating system for pre-orders on Friday, setting the price for an upgrade to the full version of the software at $70 for a DVD pack. Shoppers can reserve the software pack at Microsoft's own stores, Amazon.com, Best Buy, Staples and elsewhere.
SEATTLE, Oct 12- Microsoft Corp opened its Windows 8 operating system for pre-orders on Friday, setting the price for the full version of the software at $70 for a DVD pack. Shoppers can reserve the software pack at Microsoft's own stores, Amazon.com, Best Buy, Staples and elsewhere.
Big Box stores are switching to aggressive strategies, like matching online prices and offering same-day deliveries. Daniel Binder, Jefferies, and Stacey Widlitz, SW Retail Advisors, discuss whether this can top internet shopping trends.
NEW YORK-- Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it beefs up service offerings as the all-important holiday season kicks off. Best Buy and others already offer price-matching guarantees for local competitors' brick-and-mortar stores.
Best Buy, often called a showroom for Amazon, says it plans to match the prices of Internet competitors like Amazon this holiday season, reports CNBC's Herb Greenberg.
Oct 12-:* Deutsche Bank raises ACS price target to 17 euros from 16 euros; rating hold. 36.5 euros; rating buy* Deutsche Bank cuts FCC price target to 11.5 euros from 13.5 euros; rating hold. euros; rating buy* Deutsche Bank raises ohl price target to 25 euros from 23 euros; rating buy* Deutsche Bank cuts Vinci price target to 45 euros from 47 euros; rating buy.
is in talks to buy a significant stake in Sprint Nextel Corp, the ailing U.S. wireless carrier said. A deal would offer a multibillion-dollar lifeline that could help Sprint finance future mergers of its own and better compete with its much bigger and richer rivals.
NEW YORK-- It's a shopper's nightmare: Buying something, then seeing it cheaper at another store. I have been using Amazon.com Inc.' s price-checking app for about a year now and have always found the prices on the app lower than at a store. But I've never tried other popular apps by Google Inc. and eBay Inc..
LONDON, Oct 11- Balfour Beatty PLC:. *Balfour Beatty water and wastewater strategy delivers contracts over Â £185. *Â £45 million, three year contract at the Galveston main water and wastewater.
Oct 10- Standard& Poor's Ratings Services said today that its ratings on Best Buy Co. Inc.. are not immediately affected by the consumer electronics retailer's announcement that it plans a CFO transition period in which its current CFO, James L. Muehlbauer, will continue in that position until the end of the fiscal year, Feb. 3, 2012.
Take a look at some of Wednesdays morning movers.
PARIS, Oct 10- U.S. stock index futures pointed to a flat opening on Wall Street on Wednesday, with futures for the S&P 500 up 0.06 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures up 0.02 percent at 0830 GMT.