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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.
J.C. Penney’s shares are tumbling a day after the department store chain announced the sudden departure of Michael Francis, a top Target executive brought in last October to help redefine the store’s brand.
Facebook boosted the size of its initial public offering by as much as $3 billion on Wednesday as some major stockholders sharply increased the number of shares they intend to sell as part of Friday’s IPO.
Diversified industrial company Pentair said Wednesday that it’s combining its operations with Tyco’s flow control business in an all-stock deal worth about $4.53 billion, uniting two of the biggest players in water and fluid products systems.
Discount chain Target Corp. says it will buy back up to another $5 billion in shares under a new stock repurchase program.
Jill Schlesinger joined John Hines from Wall Street Monday morning with a preview of the week ahead in business.
Best Buy Co. said Tuesday that it will buy back $5 billion of its common stock and raise its quarterly dividend by 7 percent.
Shares of Kips Bay Medical Inc. stalled in their first day of trading on the Nasdaq Global Market.
Hormel Foods Corp., which makes Spam and other prepared foods, said Tuesday its shareholders have approved a two-for-one stock split.