Best Buy Profit Falls, Adj. Earns Tops Street View
Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
Watch CBS News
Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
Best Buy Co.'s fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Its adjusted earnings and revenue both topped Wall Street's expectations.
Most of us are lucky to get two weeks' pay if we get fired. But when a CEO gets the axe, or resigns to avoid being fired, he or she often walks away with millions in severance.
Disgraced Best Buy CEO Brian Dunn will receive a $6.6 million severance package.
Best Buy founder Richard Schulze has announced he is stepping down. An internal investigation has confirmed a relationship between former CEO Brian Dunn and a female employee.
Let's face it, computers don't last forever. But how do you know when it's time to ditch your old computer for something new? Geek Squad agents take these types of questions all the time from customers at Best Buy.
Officials with Best Buy announced Saturday that 42 more stores are closing nation-wide, and one of them is in Minnesota.
Innocent until proven guilty? Maybe not if the defendant is a CEO and the jury is a company's board of directors.
Best Buy Co. says it is creating a search committee to find a CEO to replace Brian Dunn, who abruptly resigned Tuesday.
Best Buy CEO Brian Dunn abruptly resigned on Tuesday after the embattled consumer electronics chain launched an internal investigation into his "personal conduct."
Best Buy CEO Brian Dunn is resigning from the nation's largest consumer electronics retailer, which has been struggling to rebound amid growing competition and changing shopping habits.
Outside Best Buy's corporate headquarters store in Richfield, you can already see the signs of change: a banner hanging on the wall tells customers to expect something new in the months ahead.
Best Buy Co. said it plans to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges, but its adjusted results topped Wall Street's expectations.
The founder of Geek Squad announced that he's leaving the company, which was acquired by Best Buy a decade ago.
As much as people use smartphones, the battery can drain fairly quickly. If you want to milk more from your phone's battery life, there are a few options to consider.
The more we use our smartphones, the more likely it is they can be damaged. But if you accidentally drop your phone in water, you may not have to shell out a lot of money to have it fixed.
As part of a Black History Month, Justice Alan Page was at Best Buy Corporate Headquarters in Richfield on Thursday talking about his remarkable life.
This winter has so far been mild, but drivers will once again have to wait for a freezing car to warm up.
When Richfield-based Best Buy made the news back in December, it wasn't good. The company had to apologize to thousands of customers after the orders placed after Thanksgiving couldn't be delivered in time for Christmas.
Best Buy Co. says that weaker than expected traffic until the week before Christmas and low demand in Canada and Europe put a crimp in its December sales.
Best Buy says it won't be able to fill some customers' online orders, just days before Christmas.
Electronics retailer Best Buy said Tuesday that its third-quarter net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to drive sales and traffic during the busy holiday season.
If you are still looking for a family-friendly gift, the all-in-one computer isn't new but now they can do more for less.
'Tis the season where many people purchase the latest tech gadgets. MP3 players and cameras are just two of the items that could be a great gift for kids and adults.
For families already feeling the financial squeeze, medical debt can pile up, even with insurance. But managing, negotiating or forgiving that debt is possible thanks to some nonprofits providing relief.
The three members of the police department in St. Paul, Minnesota, who shot at a gunman during a shooting spree in 2025 will not be charged in the incident by the Ramsey County Attorney's Office, the agency said on Monday.
The Minnesota Vikings have several positions that need attention after last season when the team went 9-8 and was third in the NFC North.
The Minnesota Vikings have agreed to terms with free agent cornerback James Pierre, according to NFL Network reporter Cameron Wolfe, in an effort to improve the team's secondary.
A conservative Wisconsin Supreme Court justice first elected in 2007 will not seek a third 10-year term next year.
The three members of the police department in St. Paul, Minnesota, who shot at a gunman during a shooting spree in 2025 will not be charged in the incident by the Ramsey County Attorney's Office, the agency said on Monday.
A Minnesota soldier who was days away from returning home when she was killed in Kuwait has been posthumously promoted.
The United Nations says the day is recognized on March 8 due to how women responded and moved during the Russian Revolution in 1917.
Kelly Pannek scored an overtime winner to lead the Minnesota Frost over the Toronto Sceptres 3-2 in the PWHL.
As the war with Iran enters its second week, gas prices are surging nationwide.
A police squad car was involved in a crash Monday night in Farmington, Minnesota, seriously injuring a local business owner.
Charges say Sujan Tamang and his codefendant, 21-year-old Dipak Phayal, forced a student into her St. Cloud State University dorm room on Nov. 1, 2024. The two then assaulted her.
Southern Minnesota's Lois Widmark, 104, played a key role in helping the Allies gain victory in World War II.
On Thursday, the Assistant Secretary of State for Global Public Affairs posted on X saying nearly 20,000 Americans have returned to the U.S. from the Middle East since the end of February.
Authorities have lifted a shelter-in-place warning issued earlier on Thursday in a residential area of Hastings, Minnesota.
As the war in Iran evolves, National Guardsmen from Wisconsin are being recognized for what they are doing in the Middle East.
It's the season for booking those spring break getaways, and if you're looking to skip the airport this year, take a page out of the Condé Nast Traveler.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A fire at a hotel in Superior, Wisconsin, Monday night left one person hurt and forced guests to move to new lodgings.
Excitement is in the air in northern Wisconsin with the 52nd annual American Birkebeiner underway.
Minnesota native and World War II veteran Les Schrenk died earlier this week. He was 102 years old.
People from across the nation are traveling to the Twin Cities, but not as tourists. Many want to learn in person from Minnesota protestors to bring that knowledge back to their own cities.
The Edina wife and mother of three said she felt called to go and protest in south Minneapolis after learning that Alex Pretti had been shot and killed by two Border Patrol agents.
Tuesday afternoon, more than 20 people gathered on the Highway 62 bridge between Minneapolis and Richfield after a small protest sparked a confrontation there last week.
Karmel Mall has been mostly silent, with shops closed at the building on East Lake Street. Operation Metro Surge has caused many Somalis to stay home.
The TSA says it's short-staffed as the partial government shutdown drags on, and travel experts are expecting delays to increase just as spring break season gets underway.
At a time when politics feels polarizing, one issue still gets strong bipartisan support: putting guardrails around artificial intelligence. Caroline Cummings reports on several proposals at the Minnesota State Capitol aiming to do just that.
A conservative Wisconsin Supreme Court justice first elected in 2007 will not seek a third 10-year term next year.
Minnesota's fraud crisis is back in the spotlight at the state capitol, as the man tasked with investigating and finding solutions to the problem testifies before lawmakers.
Tim O’Malley, Gov. Tim Walz’s newly appointed Director of Program Integrity testified before the Fraud Prevention and State Agency Oversight Policy Committee on Monday morning.
For families already feeling the financial squeeze, medical debt can pile up, even with insurance. But managing, negotiating or forgiving that debt is possible thanks to some nonprofits providing relief.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof.
Gas prices in Minnesota are climbing, mirroring a national trend experts say is at least in part caused by the U.S. and Israel attacking Iran.
It's the season for booking those spring break getaways, and if you're looking to skip the airport this year, take a page out of the Condé Nast Traveler.
As the strikes from U.S. and Israel continue, and Iran strikes back, the violence and turmoil could have significant worldwide ramifications.
Two men from Pennsylvania are facing federal charges for the incident. Video captured someone yelling "Allahu Akbar" just as a protester threw an "ignited device" during an anti-Islam demonstration in New York City.
A Twin Cities day care worker who pleaded guilty to malicious punishment of a child was sentenced to 30 days in jail on Friday.
A Hennepin County deputy is accused of domestic assault in an incident that sent a hospital in Maple Grove, Minnesota, into lockdown in February.
Minneapolis police are investigating three shootings that happened in a span of just 20 minutes Thursday night.
Charges say Sujan Tamang and his codefendant, 21-year-old Dipak Phayal, forced a student into her St. Cloud State University dorm room on Nov. 1, 2024. The two then assaulted her.
For families already feeling the financial squeeze, medical debt can pile up, even with insurance. But managing, negotiating or forgiving that debt is possible thanks to some nonprofits providing relief.
One in six struggle to get pregnant or stay pregnant, according to analysis by infertility associations, and many cannot afford treatments due to high out-of-pocket costs.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Minnesota on Monday sued Trump administration officials Dr. Mehmet Oz and Robert F. Kennedy Jr. in an attempt to stop them from withholding $243 million in Medicaid spending, warning it may have to cut health care for low-income families if the funding is held back.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Valleyfair in Shakopee, Minnesota, will soon come under new ownership.
A new art exhibition in Shoreview, Minnesota, is inviting visitors to see art — and maybe themselves — a little differently.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
The Minnesota Wild and St. Paul Mayor Kaohly Her announced a $600 million plan on Tuesday to renovate the team's arena and connected venues.
The Minnesota Vikings have several positions that need attention after last season when the team went 9-8 and was third in the NFC North.
The Minnesota Vikings have agreed to terms with free agent cornerback James Pierre, according to NFL Network reporter Cameron Wolfe, in an effort to improve the team's secondary.
Nathan MacKinnon scored his NHL-leading 43rd goal and scored the winning goal in a shootout, lifting the Colorado Avalanche to a 3-2 victory over the Minnesota Wild on Sunday in a matchup between two of the NHL's top four teams in points.
Greyson Uelmen had 28 points and George Natsvlishvili made a free throw with 0.1 seconds left as the No. 3 seed North Dakota Fightin' Hawks defeated the second-seeded Saint Thomas Tommies 67-66 in the semifinals of the Summit League Tournament.
Linebacker Eric Wilson and the Minnesota Vikings have reached a three-year, eight-figure contract deal.
Minnesota Democratic Rep. Angie Craig, who is running for U.S. Senate, says she now regrets her vote in favor of the Laken Riley Act last year.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof.
With severe weather season right around the corner, what homeowners need to know about the evolving coverage for your roof. In Talking Points, Esme Murphy spoke with Grace Arnold, Department of Commerce commissioner about what's driving rising insurance premiums and what you should look from in home insurance coverage.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
The month of March will be a pivotal one as Minnesota attempts to emerge from the shadow of massive fraud.
One of the oldest operating theaters in the Midwest is in danger of closing its doors for good.
In St. Louis Park, Minnesota, there's a place where you can find radio and television technology that's nearly a century old — and it still works.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Pine trees are a common sight up north. But on a Carlton, Minnesota, road, they're joined by giant lollipops. They serve as the welcoming committee for Sweetly Kismet, one of the largest candy stores in the state.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
A push for stricter gun laws in Minnesota is not new. However, this session comes on the heels of a devastating mass shooting last summer in which the target was students in prayer at Annunciation Catholic School in Minneapolis.
The military strikes against Iran have sparked intense debate in Congress. U.S. lawmakers are not only split on whether to support the operation but also on whether President Trump should have sought congressional approval in advance. WCCO investigates how the Constitution defines declarations of war.
Traveling is already stressful, especially flying, but the deadly conflict south of the border might have some travelers second-guessing their upcoming trips.
Drivers beware. Cities are seeing an uptick in stolen cars this winter.
On the first day of the Minnesota Legislature, artificial intelligence is giving visitors and lawmakers at the State Capitol a new sense of security.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A narrow band of snow could develop across central Minnesota and northern Wisconsin late Monday evening, says NEXT Weather meteorologist Mike Augustyniak.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Temperatures are set to cool off over the course of the coming week, though they'll start well above average for this time of year, WCCO meteorologist Mike Augustyniak reports.
It'll be mild and dry on Monday, with a chance for some snow in the overnight hours.
A narrow band of snow may develop across central Minnesota into northern Wisconsin. Light accumulation is possible, WCCO meteorologist Joseph Dames reports.
A narrow band of snow could develop across central Minnesota and northern Wisconsin late Monday evening, says NEXT Weather meteorologist Mike Augustyniak.
The TSA says it's short-staffed as the partial government shutdown drags on, and travel experts are expecting delays to increase just as spring break season gets underway.
At a time when politics feels polarizing, one issue still gets strong bipartisan support: putting guardrails around artificial intelligence. Caroline Cummings reports on several proposals at the Minnesota State Capitol aiming to do just that.
The U.S. benchmark price for crude oil dropped about 10%, or just under $10 per barrel, in the hours following CBS News' interview. Oil prices are now down slightly since trading opened for the week Sunday evening, after surging by double-digit margins earlier Monday.
For families already feeling the financial squeeze, medical debt can pile up, even with insurance. But managing, negotiating or forgiving that debt is possible thanks to some nonprofits providing relief.