http://minnesota.publicradio.org/collections/special/columns/bigstory/?refid=0 Copyright 2012, Minnesota Public Radio Tue, 10 Apr 2012 15:25:17 -0600 http://www.movabletype.org/?v=4.21-en http://blogs.law.harvard.edu/tech/rss mail@mpr.org (Paul Tosto) It was a lousy day, generally, in the markets. But for Best Buy it's the kind of day that lives in infamy. The stock plummeted nearly 6 percent today, partly on news of the resignation of chief executive Brian Dunn.... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/best-buy-stock-takes-it-on-the-chin.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/best-buy-stock-takes-it-on-the-chin.shtml Economy Tue, 10 Apr 2012 15:25:17 CDT mail@mpr.org (Paul Tosto) The Star Tribune this afternoon is reporting that matters beyond strategy and stock performance led to the resignation today of Best Buy CEO Brian Dunn. The newspaper writes:An investigation into personal misconduct led to the sudden resignation of Best Buy... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/star-tribune-conduct-question-led-to-best-buy-ceo-exit.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/star-tribune-conduct-question-led-to-best-buy-ceo-exit.shtml Economy Tue, 10 Apr 2012 15:11:52 CDT mail@mpr.org (Paul Tosto) Forbes magazine really shook the earth on Best Buy with its January essay detailing why the Richfield-based retail giant was doomed. Today, writing about the news that Best Buy CEO Brian Dunn was resigning, Forbes got some interesting detail from... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/why-best-buy-ceo-had-to-quit.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/why-best-buy-ceo-had-to-quit.shtml Economy Tue, 10 Apr 2012 13:38:07 CDT mail@mpr.org (Paul Tosto) Best Buy board member G. Mike Mikan will serve as interim chief executive as the company searches for a permanent CEO to replace Brian Dunn. Basketball fans may recognize Mikan's pedigree: He is the grandson of George Mikan, Hall of... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/a-quick-look-at-best-buys-interim-ceo.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/a-quick-look-at-best-buys-interim-ceo.shtml Economy Tue, 10 Apr 2012 12:08:59 CDT mail@mpr.org (Paul Tosto) Investors vote with their cash. When they don't see an upside in a company's direction, they start pulling out, the stock falls and executives and corporate boards quickly get the point. That's pretty much what's happened since the start of... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/best-buy-stock-tells-the-story.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/best-buy-stock-tells-the-story.shtml Economy Tue, 10 Apr 2012 11:30:00 CDT mail@mpr.org (Paul Tosto) (Photo by Justin Sullivan/Getty Images) Best Buy executives today called it a "mutual agreement" between the company and chief executive Brian Dunn that Dunn will end his 28 years with the company and Best Buy will seek "new leadership... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/will-leadership-change-help-best-buy.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/04/will-leadership-change-help-best-buy.shtml Economy Tue, 10 Apr 2012 09:44:02 CDT mail@mpr.org (Paul Tosto) Here's some perspective on Best Buy from MPR News business editor Bill Catlin: Best Buy announced the December results at what seems to be an inflection point in the company's history. Last year was brutal for the company. Its share... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/after-brutal-2011-sense-of-stability-at-best-buy.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/after-brutal-2011-sense-of-stability-at-best-buy.shtml Economy Fri, 06 Jan 2012 16:00:05 CST mail@mpr.org (Paul Tosto) Reacting to criticism of Best Buy, including an essay in Forbes that concluded the company's days are numbered, Best Buy chief executive Brian Dunn acknowledged some mistakes but defended the company's business model and said the criticism "blatantly and recklessly... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/best-buy-ceo-says-company-is-strong-profitable.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/best-buy-ceo-says-company-is-strong-profitable.shtml Economy Fri, 06 Jan 2012 14:40:41 CST mail@mpr.org (Paul Tosto) Investors are snapping up Best Buy shares today following news this morning that the company's December sales, while not great, were better than many analysts expected. But while the stock price is up more than four percent today, that doesn't... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/readers-reveal-three-challenges-facing-best-buy.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/readers-reveal-three-challenges-facing-best-buy.shtml Economy Fri, 06 Jan 2012 13:15:59 CST mail@mpr.org (Paul Tosto) Its December revenues were flat compared to last year and same store sales were slightly down, but analysts following Best Buy today say the company did well given the economic pressures its under. Best Buy shares are up four percent... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/analyst-best-buy-did-well-in-december-given-challenges.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/analyst-best-buy-did-well-in-december-given-challenges.shtml Economy Fri, 06 Jan 2012 11:40:04 CST mail@mpr.org (Paul Tosto) (PAUL J. RICHARDS/AFP/Getty Images) MPR News reporter Martin Moylan is writing today on Best Buy. Here's his report from the company's news this morning that revenues were flat for December.Richfield-based Best Buy didn't have a very good Christmas but... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/best-buys-so-so-christmas-better-than-analysts-thought.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/best-buys-so-so-christmas-better-than-analysts-thought.shtml Economy Fri, 06 Jan 2012 10:21:43 CST mail@mpr.org (Paul Tosto) Lower-than-expected customer traffic in the last week before Christmas pushed Best Buy's December sales down from December 2010. But the company this morning said it still expects to be within earnings estimates for the fiscal year. Overall revenue for the... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/best-buy-december-sales-slip.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/best-buy-december-sales-slip.shtml Economy Fri, 06 Jan 2012 08:38:40 CST mail@mpr.org (Paul Tosto) (Photo by Justin Sullivan/Getty Images) "Electronics retailer Best Buy is headed for the exits," Forbes correspondent Larry Downes wrote this week in a scathing analysis of the retailer and its future. " I can't say when exactly, but my... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/is-best-buy-built-for-the-long-haul.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2012/01/is-best-buy-built-for-the-long-haul.shtml Economy Fri, 06 Jan 2012 06:20:52 CST mail@mpr.org (Paul Tosto) We've been writing a lot today about the business climate in Minnesota but focused mainly on taxes. But when we asked Minnesotans in the MPR News Public Insight Network to talk about the biggest issues facing their business and what... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2011/12/minnesota-business-friendly-reader-weigh-in.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2011/12/minnesota-business-friendly-reader-weigh-in.shtml Economy Thu, 29 Dec 2011 15:31:34 CST mail@mpr.org (Paul Tosto) It's the report that gives Minnesota policy makers heartburn. The State Business Tax Climate Index published by the Tax Foundation, tags Minnesota as among the worst states in the country when it comes to business taxes. Rochester Sen. Dave Senjem,... http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2011/12/where-minnesota-looks-the-worst-on-business-taxes.shtml?refid=0 http://minnesota.publicradio.org/collections/special/columns/bigstory/archive/2011/12/where-minnesota-looks-the-worst-on-business-taxes.shtml Taxes Thu, 29 Dec 2011 12:28:38 CST