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Best Buy (NYSE: BBY) LBO Fails, Chairman Schulze Returns

Best Buy (NYSE: BBY) founder Richard Schulze was shown the door of the company he started less than a year ago, but with a failed leveraged buyout attempt now behind him, he is returning to the firm he built in a newly established Chairman Emeritus position.  Along with him, he is bringing back Brad Anderson, the former Chief Executive who led the firm during it’s golden age a decade ago. Schulze spent the winter mulling a leveraged buyout of Best Buy after his unceremonious departure from the... 

Best Buy Makes Late Cancellations of Some Orders

Due to shortages, Best Buy has had to cancel many online orders just before Christmas. December 23, 2011- Some customers of Best Buy have received bad news just days before Christmas. Best Buy has had to cancel some online orders only days prior to the big holiday. The largest retailer in the U.S. for specialty electronics said on Wednesday it had been overwhelmed with purchases of certain products on its website. This has caused the retailer to cancel some of those orders.  The electronics retailer... 
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