News: Best Buy Co Inc (BBY)

BBY on New York Consolidated

25.64USD
21 May 2013
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Tue, May 21 2013

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Best Buy sees investments squeezing near-term profits

- Best Buy Co Inc reported lackluster sales in the first quarter and warned that efforts to entice shoppers could squeeze profits in the near term.

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CORRECTED-(OFFICIAL)-Best Buy profit tops estimates; sales fall

(Corrects to show sales were weaker, not weaker than expected in first paragraph; and in headline, that sales fall)

BRIEF-Best BUY shares down 4 pct premarket after results

NEW YORK, May 21 - Best Buy Co Inc : * Shares down 4 percent premarket after results

UK lawmakers challenge Google's 'smoke and mirrors' on tax

LONDON - Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year, adding fuel to a debate on taxation that has risen to the top of the UK political agenda.

Google to face UK lawmakers again over tax

LONDON - Google Inc faces another grilling over its tax affairs from a committee of British lawmakers on Thursday who have called the company back after questions were raised about testimony given in an earlier hearing.

Deals of the day -- mergers and acquisitions

April 30 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

Best Buy exits Europe with Carphone sale

NEW YORK/LONDON - U.S. retailer Best Buy Co Inc retreated from an ill-timed European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half of what it paid five years ago.

BRIEF-Best BUY shares up 3.9 pct premarket after selling JV stake

NEW YORK, April 30 - Best Buy Co Inc : * Shares up 3.9 percent after selling jv stake

Carphone Warehouse buys out Best Buy from joint venture

LONDON, April 30 - Mobile phone retailer Carphone Warehouse said it was buying out its joint venture partner Best Buy Co Inc for 471 million pounds ($730 million), ending a five-year relationship.

EU antitrust body seeks views on Google concessions

BRUSSELS - Google's rivals will have the chance to comment on concessions proposed by the U.S. internet company to end an EU antitrust investigation, in a move that could force the company to improve its offer or even scupper a deal.

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