Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

BREAKING NEWS… After the close of the market today, Best Buy warned Wall Street that its third quarter earnings and same-store sales will be significantly below the same quarter last year. The company also announced that head of U.S. business … Continue reading

S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook

<February 8, 2012> Credit rating agency Standard & Poor’s today cut the long-term debt rating on Sony Corporation to BBB+, just two notches above “junk” status, and further issued a negative outlook which suggests a potential further drop in the … Continue reading