Buyout Proposed by Founder Allowed by Best Buy

Buyout Proposed By Founder Allowed By Best Buy

The Best Buy Co. (NYSE:BBY ) has reportedly indicated that it agreed to give Richard Schulze, the former chairman and founder of the company, the permission to go on with his plan in trying to acquire the biggest consumer electronics chain in the country.

Merger Between Hertz Global Holdings and Dollar Thrifty Announced

Merger Between Hertz Global Holdings And Dollar Thrifty Announced

An agreement was reached between two rental car industry giants following the announcement of a $2.3 billion deal that allowed Hertz Global Holdings (NYSE:HTZ) to acquire Dollar Thrifty Automotive Group (NYSE:DTG). Hertz is set to pay $87.50 for each Dollar Thrifty share, which is eight percent higher than its closing price last Friday.

Increase in Orders for Aircraft and Automobiles Noted

Increase In Orders For Aircraft And Automobiles Noted

Even as a number of areas in the manufacturing sector in the US have softened, orders for high-value items like aircraft and automobiles increased last month basing on data provided by a report from the government. The reduction in orders in some areas in the manufacturing sector added to indications of a sluggish performance of [...]

Hewlett Packard Write-Down of EDS Result to Huge Loss

Hewlett Packard Write-Down Of EDS Result To Huge Loss

Following a reduction in personal computer sales and huge write-down connection to its acquisition of Electronic Data Systems Corporation, Hewlett Packard (NYSE:HPQ) suffered a huge quarterly loss amounting to $8.9 billion.