Richard Schulze

Many analysts declared Best Buy (NYSE: BBY) close to dead, unable to compete with the likes of Amazon (NASDAQ: AMZN), Wal-Mart (NYSE: WMT), and even GameStop (NYSE: GME). But, strong leadership in the way of decisive decisions form their CEO Hubert Joly has allowed the electronics retailer to...

The short interest in big retail companies was mixed as the holiday shopping season got underway. Shares sold short in Amazon.com (NASDAQ: AMZN), CVS Caremark (NASDAQ: CVS), Lowe's (NASDAQ: LOW) and Target (NYSE: TGT) increased somewhat between the November 15 and November 31 settlement dates....

Shares of electronics retailer Best Buy (NYSE: BBY) traded lower on Tuesday, down over 11 percent, after the company reported disappointing earnings for the third quarter. Year-to-date, shares of Best Buy are down over 40 percent. A combination of management issues and secular trends has wrought...

Best Buy (NYSE: BBY) revealed this week that it will be giving company founder Richard Schulze two seats on the board, as well as access to the private information that he has requested as he looks to make a takeover offer. Talks broke earlier in August regarding a potential deal between Schulze...

While the broad market indices are currently trading near four-year highs, some notable stocks have had terrible performances in recent months. Most of these companies face fundamental problems as technological changes have made their business models largely unworkable. Still, these distressed...

Electronic retail giant Best Buy (NYSE: BBY) was downgraded from Neutral to Underperform by Wedbush Wednesday amidst calls for the company to take a deal being put together by former CEO Richard Schulze. Schulze bid $9.5 billion to take Best Buy private last week, but that bid was spurned. Schulze...

Electronics retail giant Best Buy (NYSE: BBY) has named former director of hospitality and restaurant company Carlson, Hubert Joly, as the new chief executive officer and president. It has been a tumultuous few months for Best Buy. In mid-May, the company announced the resignation of chairman...

Best Buy (NYSE: BBY) shares rose 23 percent in premarket trading after founder Richard Schulze on Monday offered to take the electronics retailer private for $24 to $26 a share, at least a 36 percent price premium. The offer values the company at $8.5 billion – at minimum. "I have been actively...

Consumer electronics retailer Best Buy's (NYSE: BBY) founder Richard Schulze is assembling an executive team as he moves a step closer to a proposed buyout of the company. On June 27, Benzinga reported that Schulze was exploring the possibility of taking the company private after he had resigned...