Best Buy names Hubert Joly new chief executive
Best Buy Co announces Hubert Joly, former Carlson head and turnaround expert, as CEO and president after talks with co founder Richard Schulze over a bid to take the chain private failed. Investors push shares down over 10 percent as the retailer seeks stability amid competition and shifting shopping habits.
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Best Buy Co
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Carlson
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Schulze
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David Binder
Jeffries & Co
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Brian Dunn
Board of Human Resources
Wal-Mart Restores Holiday Layaway With Expanded Items
Wal-Mart announces a longer holiday layaway plan from Sept 16 to Dec 14, expanding beyond toys and electronics to include home appliances and sporting goods. The program remains for items $15+ each and a minimum total of $50, aimed at helping low income shoppers during the economic recovery.
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Wal-Mart
Bentonville
Ark
U.S
Duncan MacNaughton
Apple tops market value with 624 billion dollar milestone
Apple becomes the world’s most valuable company at 624 billion, surpassing Microsoft’s prior peak. Investors eye iPhone 5 launch and potential mini iPad while price targets rise, with speculation on a TV set in Apple’s future lineup.
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Google
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Facebook stock rebounds after hitting new low
Facebook Inc shares fell to 18.75 before closing at 20.01, up 96 cents or 5 percent. The rebound comes after a sour IPO debut amid Nasdaq glitches and weak revenue growth expectations, with investors wary of mobile ad gains.
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At&t Inc
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N. Ridge RD
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Pimco TotRetAdm B
Vanguard
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Vanguard TotStAdm
Aed Hehe
Eva Amis
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