Wall Street Journal
Best Buy Calls Founder's Unsolicited Bid 'Highly Conditional'
Wall Street Journal
By JOAN E. SOLSMAN And SAABIRA CHAUDHURI Richard Schulze, the founder and former chairman of Best Buy Co., offered to buy the remaining shares of the big-box electronics retailer that he doesn't already own in a deal that values the company at up to …
Best Buy Founder Offers $26 a Share to Buy Retailer
Best Buy founder offers to buy the company for $24 to $26 per share, take it …
Schulze's $8.8 Billion Best Buy Deal Has Icahn-like Strings
James Rogers, editor at TheStreet, walks us through the earnings reports from Amazon and Facebook last night and their very different stock reactions today.
See the article here: 2 Big Tech Stocks, 2 Different Reactions To Earnings
NEW YORK (TheStreet) — State regulators late Friday afternoon closed Jasper Banking Co. of Jasper, Ga., bringing this year’s total number of bank failures to 39.
The failed bank was previously included in TheStreet’s Bank Watch List of undercapitalized institutions, based on regulatory data provided by Thomson Reuters Bank Insight.
Jasper Banking Co. had $216.7 million in total assets and $213.1 million in deposits. After being appointed receiver, the Federal Deposit Insurance Corp. sold the failed institution to Stearns Bank, NA, of St. Cloud, Minn. …
Follow this link: Georgia Bank Fails; 2012 Tally at 39
NEW YORK (TheStreet) — No one really wants to invest in the next boom until it is well underway.
Instead, they keep looking at the wreckage of the last boom, waiting for a recovery there and ignoring the start of the new game until it’s obvious.
But financial engineering is done. Housing is done. Stop waiting around for yesterday, start looking around for tomorrow. …
Click to view a price quote on CAT.Click to research the Conglomerates industry.
More: On Word: Manufacturing
NEW YORK (TheStreet) – Apple CEO Tim Cook has put in an impressive performance since taking over for his iconic predecessor, Steve Jobs, according to TheStreet’s readers.
Some 78% of respondents to TheStreet’s ongoing poll on the Apple chief say he is doing a great job, while just over 19% say that “the jury’s still out.” A mere 2.5% of readers say Cook has been a disappointment.
Previously Apple’s chief operating officer, Cook assumed the highest-profile job in Silicon Valley last August when Jobs stepped down as CEO. An acclaimed operations guru and key Apple insider, questions were nonetheless asked about Cook’s ability to drive the company’s innovation engine. …
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Read more from the original source: Apple Poll: Cook’s Doing a Great Job
DALLAS (TheStreet) — Texas Instruments Chief Financial Officer Kevin March says that investors should not be overly concerned about the uncertain macroeconomic environment, which weighed on the company’s second-quarter results this week.
“Concern, I think, is too strong a word,” he told TheStreet, during an interview. “What we have is an economy that’s growing, both domestically and internationally, but that’s growing at a slower pace than most people would prefer to see at this stage in the cycle.”
The CFO acknowledged the European headwinds identified by other tech heavyweights such as Intel, as well as a slight slowdown in China, but warned investors not to panic. …
Click to view a price quote on TXN.Click to research the Electronics industry.
Continued here: TI CFO: Economy No Real Cause For Concern
Updated to include a correction: A previous version of this story stated that Target had filed a separate lawsuit. It has not. TheStreet regrets the error.
NEW YORK (TheStreet) -Target Corp. joined groups including the National Association of Convenience Stores in opposing a proposed $7.25 billion settlement of a lawsuit brought by a large group of retailers against Visa, MasterCard and most of the largest U.S. banks.
“Target believes the proposed interchange fee settlement is bad for both retailers and consumers. The proposed settlement would perpetuate a broken system, restrict retailers from any future legal action and offer no long-term relief for retailers or consumers. In addition, Target has no interest in surcharging guests who use credit and debit cards in order to allow VISA and MasterCard to continue charging unfair fees. We will continue to explore our options while working toward a solution that represents true reform,” read a statement from the retailer. Target was not a named plaintiff in the lawsuit but would be impacted by the settlement. …
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Read this article: Target Joins Card Settlement Opposition (Update 1)