Best Buy has a new strategy and is excited about the holiday shopping season. But just 12 months ago, many business analysts wondered if the iconic Minnesota retailer would even survive. The stock was in free fall, the former CEO was accused of having an affair with an employee and was ousted, and the founder of the company was attempting a hostile takeover.
Delta Air Lines will start paying a quarterly dividend and buy back some of its shares — investor-friendly moves common in other industries but rare for airlines.
Supervalu is eliminating about 1,100 positions nationwide, or about 3 percent of its workforce, less than a week after the supermarket operator completed the sale of five of its grocery chains.
Best Buy Co. Inc. and its founder and former chairman Richard Schulze say they have an agreement that will allow Schulze to pursue his plan to try to buy the nation’s largest consumer electronics chain.
An Illinois medical debt collection company’s stock is falling sharply after a critical report on its practices from the Minnesota attorney general.
Discount chain Target Corp. says it will buy back up to another $5 billion in shares under a new stock repurchase program.
The Green Bay Packers have sold nearly 250,000 shares of stock in the team and will offer 30,000 more shares.
Caribou Coffee Co. said Monday that one of its major stockholders is offering to sell about 5.2 million shares.
Financial planning firm Ameriprise Financial Inc. said Wednesday that it will buy back up to an additional $2 billion of its shares through June 28, 2013.