Best Buy ( BBY ) is selling its 50% stake in Carphone Warehouse back to Carphone Warehouse for $775M. BBY paid $2.15B in June 2008 to expand its stake from 3% to 50%, but its plans to roll out Best Buy Europe big box stores were aborted in 2011 . BBY will take a non-cash charge of $200M for the ... Shares of Best Buy ( BBY ) move up 6% in premarket trading after a plan by the company to sell its stake in Carphone Warehouse looks to be a smart move to investors. CEO Hubert Joly's intensified focus on strengthening Best Buy's balance sheet and improving returns on investment is the elixir du ... Jefferies upgrades Best Buy ( BBY ) to Buy with an improved price target of $24. The firm says new Best Buy management will succeed in cutting costs and improve its online business. In addition, sales of Europe and China operations could fetch as much as $600M to $900M. BBY +1.2% premarket to ... What to like about Best Buy ( BBY ): A bullish take on the embattled retailer from Piper Jaffray focuses on the "substantial" free cash flow and attractive valuation in play. The firm sees more than just a slice-and-dice story at Best Buy, with the potential for sales and margin improvement also in ... Is it all-or-nothing for Best Buy ( BBY +2% ) with the company either going private or going bankrupt? Maybe not , says Jim Cramer. He thinks Best Buy could adopt a "muddle-through" strategy to survive as a leaner and "less profligate" company that makes money. The factoid that bites : Best Buy BBY ... Best Buy ( BBY ) founder Richard Schulze returns to the company as Chairman Emeritus, announcing his support for CEO Hubert Joly's plans, but nominating Brad Anderson and Al Lenzmeier to the board. "I determined that the best way to support Best Buy would be to report in support of the initiative ... Best Buy ( BBY +0.3% ) plans to open a Pacific Kitchen store-within-a-store at 18 to 25 locations as it continues to see appliances as a way to take ground on margins. The appliances category has been a winner for Best Buy with sales up at a refreshing double-digit pace. 1 comment! More on Best Buy ( BBY ): The company calls its performance "clearly unsatisfactory" but that doesn't take the sting off of profit levels that fell both in the U.S. and globally. Best Buy expects to generate free cash flow in the range of $850M-$1.05B, lower than a prior estimate of $1.25B-$1.5B. ... A tale of two big-box retailers: After bearing the brunt of the Amazon Effect, Conn's ( CONN +1.2% ) and Best Buy ( BBY -0.8% ) took different approaches to their transformation. Conn's decided to move toward a focus on selling furniture, refrigerators, and other higher-margin items while Best Buy starting pumping its services and mobile business. Over the last six months, it's been a period of falling same-store sales at Best Buy while Conn's has managed to make gains . Same thing with share price: BBY -20.3% vs. CONN +43%. Post your comment! Best Buy ( BBY -2% ) founder Richard Schulze is mulling whether to scrap plans for a buyout of the struggling electronics chain and instead (along with other investors) obtain a minority stake, the WSJ reports. Sources claim Schulze, who owns ~20% of Best Buy, hasn't yet secured enough financing ...