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.
Best Buy says it is raising its dividend by a penny per share to 17 cents.
Hormel Foods Corp.’s fiscal fourth-quarter profit fell 3 percent as sales at its grocery products segment declined.
As the stock market continues to lose value, gold continues to soar.
Supervalu Inc. says its first-quarter net income rose 10 percent as demand for groceries improved and the company cut costs.
Target Corp. raised its quarterly dividend Wednesday by 5 cents to 30 cents as it sought to placate investors after a 22 percent decline in its stock price this year.
A regulatory filing shows that 3M Co. chief executive George Buckley plans to sell almost one-third of his company stock, worth more than $33 million.
Delta Air Lines says a vote by 700 workers who manage the parts used by its mechanics has rejected a union.