Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, January 17, 2014

Takeover Digest - Wall Street Journal - Jan 17, (NYSE: BBY)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Vice President Joe Biden has resumed a push to withdraw virtually all U.S. troops from Afghanistan at year end, arguing for a far-smaller presence than many military officers would like to see, said officials briefed on the discussions. ()* Best Buy Co on Thursday became the latest retailer to chime in with weak holiday results. Like other chains, the electronics retailer blamed the race to offer the deepest discounts, a game of brinkmanship that hurt profit margins and held back revenue. ()

Best Buy Co., Inc. is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services. Shares of BBY fell by 28.59% or $-10.74/share to $26.83. In the past year, the shares have traded as low as $13.83 and as high as $44.66. On average, 7208980 shares of BBY exchange hands on a given day and today's volume is recorded at 85222920.