Tag Archives: Amazon

Best Buy Plans on Cutting 2,400 Jobs

NEW YORK – The overwhelmed electronics retailer, Best Buy, plans to cut about 2,400 jobs or 1.4% of its workforce. The cut will include 600 technicians in the area of installation and repair services. This news was confirmed by the company’s spokesman last Friday. “The latest cuts are in addition Read On..

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Best Buy Sends a Strong Signal of Confidence

NEW YORK – Best Buy, one of America’s largest chains of consumer electronics outlets, reported quarterly results that were better than expected, maintaining the company’s outlook for the year thanks to the recorded progress in its recovery plan.   The results drove shares of the largest consumer electronics chain in Read On..

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Facebook’s Debut Lifted Investors’ Spirits

NEW YORK – U.S. stocks opened higher on Friday as the debut of Facebook titles lifted the spirits of investors. Shares of the largest online social network start trading at 1500 GMT.   Still, the major indexes are on track to close its worst week of 2012 under pressure from Read On..

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