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Best Buy Shares Rise On Dividend Rise, Share Buyback
Tuesday, June 21, 2011 - 8:40am | 66Best Buy Co Inc (NYSE: BBY) reported that its board of directors approved a $5 billion share buyback and lifted its quarterly cash dividend by 7%. Best Buy will lift its quarterly cash dividend by 7% to $0.16 per share. BBY shares gained 3.90% to $32.77 in pre-market trading. Read more from...
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Best Buy Trading Over 4% Higher Pre-Market
Tuesday, June 21, 2011 - 8:16am | 32Best Buy (NYSE: BBY), is trading over 4% higher today pre-market. At the time of posting, shares of BBY were at $32.81, up 4.03% from Monday's close.
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Best Buy is Trading 4.25% HIgher in the Pre-Market After Announcement of $5B Share Buyback, 7% Dividend Boost to $0.16
Tuesday, June 21, 2011 - 8:15am | 90Best Buy (NYSE: BBY) is trading 4.25% higher this morning after the announcement of a $5B buyback and a 7% increase in the dividend from $0.15 to $0.16. The board's authorization of a new $5B share repurchase program terminates and replaces the prior $5.5 billion program, which was announced on...
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Best Buy Authorizes $5 Billion Share Repurchase Program and 7% Dividend Increase
Tuesday, June 21, 2011 - 8:04am | 152The board of directors of Best Buy Co., Inc. (NYSE: BBY) has authorized a new $5 billion share repurchase program. The new program terminates and replaces the Company's prior $5.5 billion share repurchase program, which was announced on June 27, 2007 and had approximately $800 million of remaining...
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Five Stocks for Wimbledon
Monday, June 20, 2011 - 10:22am | 331This week sees the start of the Wimbledon tennis tournament in London, England. As English events this year go, Wimbledon is far more interesting than the Royal Wedding. Will it rain heavily, as tradition dictates? How many strawberries with cream will be consumed? Which female player will have the...
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RadioShack Corporation (NYSE:RSH) – Technical Reversal Signal Given
Saturday, June 18, 2011 - 7:10am | 335Just like another electrical goods retailer that I recently wrote about, RadioShack Corporation (NYSE:RSH) has been sold down heavily due to competitive pressure from online retailers. The sell-off in this stock has been much more pronounced though. New 52 week lows of $12.28 were made this week....
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GameStop Announces Exclusive Pre-Order Campaign for Call of Duty: Black Ops Annihilation DLC
Friday, June 17, 2011 - 10:46am | 51GameStop (NYSE: GME) announced today that Call of Duty: Black Ops Annihilation can now be pre-ordered exclusively at U.S. GameStop locations. Annihilation is the third downloadable content release for Call of Duty: Black Ops and is only available for pre-order at GameStop.
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Best Buy Connect Offers New Prepaid Mobile Broadband Service With Telespree Communications
Thursday, June 16, 2011 - 7:06am | 86Best Buy Connect, Best Buy's (NYSE: BBY) mobile broadband service, and Telespree Communications, introduced a new prepaid mobile broadband offering for Best Buy Connect subscribers. Telespree enables subscribers to sign up and manage mobile broadband service in real time, then purchase additional...
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 2:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Why Julian Assange of Wikileaks Loves Bitcoin
Wednesday, June 15, 2011 - 3:42pm | 338Bitcoin is a digital peer-to-peer technology and currency that allows users to transact online without using credit cards or bank accounts. Think of Gnutella (or if you are not familiar with that, the old Napster (NYSE: BBY) except decentralized). However, with Bitcoin, you are not trading music...
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Top Performing Industries For June 15
Wednesday, June 15, 2011 - 10:14am | 218At 10:10 am, the Dow fell 0.62% to 12,001.37, the broader Standard & Poor's 500 index moved down 0.55% to 1,280.85 and the NASDAQ composite index dropped 0.41% to 2,667.73. The industries that are still afloat in the market today are: Building Materials Wholesale: This industry jumped 0.82%...
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Goldman Sachs Maintains Neutral on Best Buy
Wednesday, June 15, 2011 - 8:39am | 83Goldman Sachs is out with its report today on Best Buy (NYSE: BBY), maintaining Neutral. In a note to clients, Goldman Sachs writes, "BBY's underlying gross profit and EBIT growth trends look to be troughing, but we do not see visibility to a meaningful turn. As such, we maintain our Neutral...
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Wedbush Not Optimistic that Best Buy can Gain Significant Video Game Market Share from GameStop
Wednesday, June 15, 2011 - 8:09am | 125“We are not optimistic that Best Buy Co. Inc. (NYSE: BBY) can gain significant video game market share against leading specialty retailer GameStop (NYSE: GME),” Wedbush wrote in a recent report. “Despite recent initiatives in video games, GameStop continues to gain market share. “We continue to...
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Piper Jaffray Reiterates OW Rating, $39 PT on Best Buy
Wednesday, June 15, 2011 - 7:48am | 96Piper Jaffray is reiterating its OW rating and $39 PT following Best Buy's (NYSE: BBY) Q1 revenue and EPS beat. “While gross margin rate missed consensus expectations, we believe BBY is executing well in its promotion of computing, appliances and gaming, a strategy which will help the company gain...
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J.P. Morgan Remains Neutral On Best Buy
Wednesday, June 15, 2011 - 7:39am | 113According to J.P. Morgan, Best Buy (NYSE: BBY) remains Neutral. J.P. Morgan said that in the near term, it believes the stock will be range-bound in the low-$30s given continued secular concerns, gross margin pressures, and back half loaded earnings. “Net-net, our concerns regarding product...