best buy

Shares of Best Buy Co. Inc. fell Tuesday after competitor RadioShack Corp.'s fourth-quarter preview served as a bad omen for the wireless business.

Best Buy dropped a bombshell on a few of its customers earlier this week, informing them that gifts they ordered to be delivered by Christmas were not going to make it on time.

Electronics retailer Best Buy said Tuesday that its third-quarter net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to drive sales and traffic during the busy holiday season.

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Earnings: Best Buy Co., Inc.

(NYSE: BBY) - consensus EPS $0.53 Cracker Barrel Old Country Store, Inc,. (Nasdaq: CBRL) - consensus EPS $0.96 Electromed, Inc.

(Nasdaq: ELMD) - consensus EPS $0.03 PMFG, Inc.

Fitch Ratings on Monday cut its long-term default rating on electronics retailer Best Buy Co. by two notches to the lowest investment-grade rating.

The agency cited weak sales trends at established stores, tough competition and a battle for market share as more shoppers buy electronics online or at discount retailers.

It's already pretty much confirmed that the white iPhone 4 will ship next week, and specifically, at least in part of Europe, April 27.

A new report seems to assert that the April 27 date will be global, with the white iPhone 4 showing up at Best Buy on that date.

Best Buy isn't going to be the only retailer with a supply of iPad 2s on Sunday. Toys 'R' Us, which has sold iPods for quite some time, is going to be hopping on the hot "magical" Apple tablet bandwagon.

Earlier rumors indicated that Best Buy was holding back iPad 2 inventory, for an upcoming, but unknown promotion.

Those still jonesing for an iPad 2 will be happy to know that the promotion will arrive on Sunday, April 17, based on a leaked internal screenshot.

Best Buy plans to open up to 800 mobile-device stores as it shrinks its "big-box" stores in an effort to be more competitive as consumers increasingly shop online.

Best Buy Co., TiVo Inc. and Walgreen Co. are the latest in a string of companies to warn over the weekend that hackers gained access to customers' files, including email addresses.