Britain’s Carphone Warehouse will sell a 50 percent stake in its retail unit to U.S. electronics chain Best Buy for 1.1 billion pounds ($2.2 billion) and they will launch a new company to expand across Europe.
Europe’s biggest independent...
MINNEAPOLIS (AP) — Consumer electronics chain Best Buy Co. Inc. is establishing a foothold in the European market with a $2.1 billion investment in the continent's largest cell-phone retailer, allowing the American company to roll out its trademark...
Unemployment
Jobless claims drop more than expected last week
The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week.
The Labor Department reported Thursday that...
Blog-posts
U.S. electronics store Best Buy said today that it is paying $2.1 billion for half of Carphone Warehouse in order to enter the European consumer electronics market, Reuters reports. Carphone’s 2,400 existing stores will continue to operate under...
