The Big Story Blog

Market likes Best Buy probe, changes

Posted at 10:57 AM on May 14, 2012 by Paul Tosto
Filed under: Retail

The fallout from an internal Best Buy probe that led its iconic founder today to step aside as chairman may be roiling the Richfield-based company. But the markets are good with it.

In a down market today, Best Buy stock was up more than 1.5 percent in mid-morning trading.

Overall, the company remains in a financial funk. Best Buy stock remains down more than 16 percent so far in 2012.

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About Paul Tosto

Paul Tosto

Paul Tosto writes the Big Story Blog for MPR News. He joined the newsroom in 2008 after more than 20 years reporting on education, politics and the economy for news wires and newspapers across the country.