A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the [...]
I'm the founder and CEO of Real Restoration, a Chicago-based construction and restoration firm. I'm going to share with you how to best educate your clients before purchasing or building a home...
Best Buy CFO Sharon McCollam was happily retired after a successful run as the CFO at Williams-Sonoma. But in November 2012, at the request of new Best Buy CEO Hubert Joly, McCollam agreed to become the company's new finance chief, despite...Show More Summary
Here are some things going on in your world of tech: There’s no shortage of Apple (AAPL) news to start your week. Your regular Tech Trader Daily blogger, Tiernan Ray, took a closer look at CEO Tim Cook’s comments to Jim Cramer about China smartphone sales, and wonders if it really was a smart move. […]
Apple’s decision to sell its smartwatch through Best Buy appears to be paying dividends for the company, Best Buy CEO Hubert Joly said today that the retailer is going to expand availability of the Apple Watch to all of its 1,050 retail...Show More Summary
During the company's earnings call, Best Buy CEO Hubert Joly noted that the Apple Watch was seeing strong demand at the retailer, both in stores and online. While Best Buy had originally planned to sell the watch in 300 of its stores...Show More Summary
Apple still hasn’t publicly released sales figures for the Apple Watch, but according to Best Buy CEO Hubert Joly, Apple’s debut wearable device is doing great. “Demand for Apple Watch has been so strong in the stores and online,” Hubert Joly told analysts in the company’s latest earnings conference call. In fact, Joly claims strong demand […]
Best Buy CEO Hubert Joly today announced that the company plans to accelerate support for the Apple Watch by having the wearable device be sold in every one of its 1,050 retail locations across the United States "by the end of September"...Show More Summary
While Apple has been mostly mum on the numbers behind Apple Watch sales so far, Best Buy is standing behind the iPhone maker’s general message that the Apple Watch has been a hit with customers. The electronics retailer started selling Apple Watches this month in select stores first in the United States and later in Canada, and […]
Tesla is selling more stock. The electric car maker said it plans to raise about $500 million through the sale of 2.1 million shares. CEO Elon Musk will himself likely buy 84,000 shares for about $20 million in the offering, according to a regulatory filing on Thursday. Show More Summary
Despite reports that Apple Watch sales have been lukewarm, Apple CEO Tim Cook emphatically dismissed such claims during the company’s earnings conference call last week. Not only have Apple Watch sales exceeded Apple’s internal projections, but early sales of the device have already surpassed early iPhone and iPod sales. Show More Summary
The Internet of things is here, and both Best Buy and Flextronics are trying to adapt to this shift, their CEOs said onstage at Fortune’s Brainstorm Tech event in Aspen on Monday.Hubert Joly, Chairman and CEO of Best Buy, is taking a page from IBM and emphasizing services instead of just retail sales. He offered […]
Amazon's fabled CEO gives his recommendations for world's best business books and then I make fun of them.
Just a day after Apple CEO Tim Cook announced that MCX member Best Buy would begin accepting Apple Pay in stores later this year, MCX, the company behind Apple Pay competitor CurrentC, announced that current CEO Dekkers Davidson has left the company. Show More Summary
MCX, the merchant consortium behind the Apple Pay competitor known as CurrentC, has announced today that CEO Dekkers Davidson is being replaced by Brian Mooney. MCX has given Mooney the title of interim CEO, which makes it unclear as to whether the consortium is actively looking for another CEO to replace Dekkers Davidson or if Mooney […]
As of today, Best Buy customers can use Apple Pay on their iPhone 6 or 6+ to buy electronics online, with the physical stores to follow later this year, Apple CEO Tim Cook said on today's Apple earnings call and Best Buy confirmed. This is kind of a big deal. Show More Summary
Best Buy, one of the largest Apple Pay holdouts, is changing its mind. Apple CEO Tim Cook just announced during its earnings call that Best Buy stores will support Apple Pay later this year. The news comes only a few hours after we learned...Show More Summary
Apple CEO Tim Cook announced today during the company’s earnings call that Best Buy will gain support for Apple Pay in its iOS app today and will begin accepting it in retail stores later this year. Best Buy’s decision is big news because the electronics chain was previously part of the coalition of companies working on […]
During Apple's quarterly conference call for the second quarter of 2015, CEO Tim Cook announced big box electronics store Best Buy is now accepting Apple Pay through its app and will roll out in-store support later this year.
CEO Hubert Joly attributed the topline growth and margin improvements seen during the year to their investments in inventory availability, multi-channel execution and a more targeted marketing approach. However, industry and economic...Show More Summary