Troubled electronics retailer Best Buy said Thursday that it has teamed up with Samsung to create boutique shops in more than 1,400 U.S. stores.
Best Buy founder Richard Schulze, who owns 20% of the retailer's shares, had been trying to buy the company for months. But a March 1 deadline came and went without a final offer.
Best Buy CEO Hubert Joly has been cutting staff and closing stores to try to MORECatherine Tymkiw - Apr 4, 2013 1:08 PM ET
Investors went shopping at the dollar store early Monday...but the buying spree didn't last too long.
Shares of Dollar General (DG) spiked nearly 6% after the retailer reported earnings that topped forecasts, despite missing revenue estimates.
Investors were heartened by Dollar General's top line earnings numbers and its plan to buy back stock.
But shares pulled back as concern about the company's guidance gave investors pause.
"The volatility of the macroeconomic environment continues to MORECatherine Tymkiw - Mar 25, 2013 12:15 PM ET
Anyone can reinvent themselves as the saying goes. While Cisco has been doing just that, some think it's gotten a little too ambitious.
FBR Capital Markets analyst Scott Thompson downgraded the stock Thursday to underperform and slashed his price target to $17 from $22.
"We expect it may take longer than management expects to create organic software growth that is able to offset declining core routing and switching revenues," said Thompson in his MORECatherine Tymkiw - Mar 21, 2013 1:49 PM ET
Gold is making a comeback, at least for today.
The precious metal shot above $1,600 an ounce Monday, as rattled investors looked for safe spots to park off while Cyprus sorts out its banking issues. Over the weekend, it seemed like the tiny nation was going to get its 10 billion euro bailout and it would be business as usual.
But then the strings were attached, in the form of a tax MOREMar 18, 2013 1:23 PM ET
There's a lot riding on BlackBerry's new smartphone, which is about to hit the U.S.
So far, investors seem to be in the smartphone makers corner.
Shares of BlackBerry (BBRY) rallied nearly 11% Monday.
"I'm not dead yet!" could be BlackBerry's mantra, to quote Monty Python. After multiple misses and few hits, the Canadian smartphone maker seems to be on the right path.
The Z10, which features an all-touch keyboard, will make its U.S. MORECatherine Tymkiw - Mar 11, 2013 12:13 PM ET
For the first time this year, investors took money off the table.
According to the latest data from the Investment Company Institute, investors pulled $1.13 billion from U.S. stock mutual funds during the week ended Feb. 27. That's the first time investors took money out of stocks this year, and it came just days before the Dow hit a record high.
But that doesn't mean the tide has turned. One week of MORECatherine Tymkiw - Mar 6, 2013 1:05 PM ET
Shares of American Apparel (APP) took off Tuesday, after the retailer reported strong earnings and sales.
American Apparel's stock rallied more than 16%, although it's trading well below $2.
Still, the retailer has had a string of wins lately. In addition to reporting a solid quarter, American Apparel said sales would range between $652 million and $660 million for the year.
Just last month, same-store sales bumped up 10%.
"We have set a three MORECatherine Tymkiw - Mar 5, 2013 12:35 PM ET
Political gridlock in Italy is unhinging investors.
Investors worry the results of Italy's election could wind up undermining the progress that Italy has made in overhauling its troubled economy.
"It was the worst possible outcome, feared by market participants and European policy-makers alike," said Daiwa Capital Markets European economist Tobias Blattner.
U.S. stocks spiraled downward in a late-day frenzied sell-off Monday. European markets followed their cue and sold off sharply early Tuesday.
CNNMoney's Fear MORECatherine Tymkiw - Feb 26, 2013 10:15 AM ET
Investors are taking a one-dimensional view of 3D Systems.
The maker of 3D printers reported earnings per share that beat by a penny but revenue fell short and the guidance was uninspiring.
"While we may face lingering economic uncertainties in parts of the world, we expect to continue to benefit from robust R&D and manufacturing spending by our customers worldwide," said CEO Avi Reichental in a statement.
Shares of 3D, which makes the MORECatherine Tymkiw - Feb 25, 2013 12:31 PM ET
A double whammy for Walmart Friday.
First Reuters reported that Walmart's U.K. arm, Absa, said it found horsemeat in the beef bolognese (and three other sauces) it sells.
As if that wasn't enough, a research note warning of a sales slowdown was enough to spook investors.
Shares of Walmart fell 2% in early trading. But the stock tumbled nearly 4% later in the day after Bloomberg reported there were emails from Walmart execs MORECatherine Tymkiw - Feb 15, 2013 12:31 PM ET
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