Best Buy CEO worried on economy, digital TV transition
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The retailer's head, Brad Anderson, told Consumer Electronics Show attendees that both the U.S. economy and digital TV changeover are high on his list of concerns.
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Do you dare bet on a fall in the price of Best Buy's stock? See what Motley Fool CAPS investors advise.
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Best Buy Co. Inc.  on Tuesday reported quarterly earnings that missed analysts' estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.
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Moving to show investors he is serious about a turnaround at Sears, Edward S. Lampert, the retailerâs billionaire chairman, said the companyâs chief executive, Aylwin B. Lewis, would step down.
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AppleÂs chief executive touched off speculation last week about how far Apple will go as it takes its next big step into digital video.
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Top U.S. consumer electronics retailer  Best Buy Co. Inc.  said on Tuesday its quarterly profit  fell, dragged down by sales of lower margin products.
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A combination of  Alan Greenspan comments, state and local IT spending projections and IT CEO expectations raised questions as to how long and how serious the next recession may be.
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Best Buy Co., the nation's largest consumer electronics retailer, lowered its 2008 profit estimate yesterday. It blamed a softening economy that's steering shoppers away from high-margin items such as flat-screen TVs.
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Markets were rattled after the chief executive of AT&T suggested a weaker economy was forcing consumers to scale back spending.
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LOS ANGELES -- Consumers walking into an electronics store looking for a big-screen, high-definition TV may find that the place looks and feels different than it did last Christmas.
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Best Buy Co. Inc.  reported lower-than-expected quarterly profit on Tuesday as the consumer electronics retailer slashed prices on flat-panel TVs to boost sales at the start of the holiday shopping season, sending its shares down over 6 percent.
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Investor's Business Daily - Flat-panel TVs, notebook computers and video game consoles are hot items this holiday season. And apparently, Best Buy stores are where consumers want to buy them.
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Amid widespread worries about the economy, media companies must try to divine what a possible recession means for consumers and advertisers.
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Best Buy Co Inc  cut its fiscal 2008 profit outlook on Friday and said it expects its 2007 fourth-quarter sales to miss its own target on lower-than-expected January sales growth, sending its shares down 4.5 percent.
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Investor's Business Daily - Consumer electronics retailer Best Buy bested Wall Street&#39;s expectations for its fiscal second quarter, thanks to strong international sales and demand for flat-panel TVs, video games and notebook PCs.
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The DVR pioneer posts mixed results in its latest quarter.
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Electronics makers considering the  strain on the U.S. economy are hoping consumers will cut other  expenses first, but many see some worrying signs ahead.