Traffic at Best Buy stores has been “choppy” in recent months, as the company’s CEO put it Tuesday, which made for a bumpy first quarter for the nation’s largest consumer electronics retailer. Profit inched up 1.3 percent, well short of Wall Street’s expectations. Shares sank 6 percent to $38.56 on the news. “We’re certainly not pleased with ...
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BY MAX COLCHESTER PARISLagardère SCA’s chief executive Arnaud Lagardère said Thursday he won’t bend to demands from a U.S.-based activist investor to give shareholders a greater say in company management. Last week, investor Guy Wyser-Pratte submitted two resolutions asking shareholders to add him to the media-to-defense conglomerate’s supervisory board and alter the company’s bylaws. The resolutions will ...
BY SUSANNE CRAIG, KARA SCANNELL AND RANDALL SMITH The Securities and Exchange Commission has failed to turn key parts of a landmark stock-research settlement into industrywide rules, a move that threatens to gut pieces of the pact. The 2003 accord, reached with a dozen large Wall Street firms, sought to prevent Wall Street research ...
By RUSSELL GOLD Brandon Thibodeaux for The Wall Street Journal Eight track collector, Bucks Burnett DALLASLast fall, more than 200 people crammed into one of this city’s premier contemporary art galleries for a three-day show. The white walls, accustomed to paintings that sell for thousands of dollars, were home to less rarified fare. The show? Eight Track Tapes: The ...