Best Buy's efforts to boost sales — particularly on Black Friday — by deep discounting took a heavy toll on gross profit margins, resulting in the retailer missing quarterly earnings estimates, Brian Nagel, senior research analyst at Oppenheimer & Co., told CNBC Tuesday.
The day before Thanksgiving is typically one of the busiest travel days of the year but this year, it may also be a pretty bad weather day in some regions, snarling holiday travel plans.
Forty years ago, Southwest Airlines made its debut as a small airline in Dallas, Texas, struggling to keep pace in the business. Today, Southwest is the top domestic carrier in the United States. But on the way to becoming the travel bellwether it is now, Southwest has been met with plenty of tension and turbulence.
Even in the face of an ongoing debt crisis, Europe is still an attractive investment opportunity, David Mussafer, co-chairman of Advent International Company, a global private equity firm, told CNBC Wednesday.