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.
Eleven educators have been selected as finalists for the 2026 Minnesota Teacher of the Year, organizers said Friday.
Paul George scored 23 points, Tyrese Maxey and Kelly Oubre Jr. each had 21 as the 76ers defeat the Timberwolves.
Tristan Gray hit his first career grand slam to cap a seven-run seventh inning for the Minnesota Twins in a 10-4 home-opener victory over the Tampa Bay Rays.
Owen Hailey was the second oldest of four siblings, and was known to be everyone's best bud.
Security footage shows thieves fleeing after discovering a 3-month-old in the backseat of a stolen SUV, leaving the infant alone in an alley for more than an hour before police arrived.
Security footage shows thieves fleeing after discovering a 3-month-old in the backseat of a stolen SUV, leaving the infant alone in an alley for more than an hour before police arrived.
On this Good Friday, dozens of people in Minneapolis marched in the rain to acknowledge a connection they feel exists between how Jesus was crucified and the trauma community members experienced in recent years.
From the initial concept 10 years ago to the opening of two stores in the Twin Cities on Friday, Erin Pash and Shayna Hoechst have reached new highs with Pot Mama's.
Target Field in downtown Minneapolis lost power for around an hour ahead of the Minnesota Twins' home opener on Friday afternoon.
Police are investigating after dozens were smashed and at least three people fled officers in Robbinsdale, Minnesota, on Wednesday morning, according to law enforcement.
A 28-year-old man is in the hospital after a crash involving a plow truck and a pickup truck in Fredenberg Township, Minnesota, on Friday morning.
Julie Le, who was removed from her post after telling a judge "this job sucks," is now challenging Rep. Ilhan Omar in Minnesota's 5th District.
Shattuck-St. Mary's is more than a hockey school, but hockey has helped put the school on the map. They have banners and big names to prove it, though the real evidence lies with a man called Rooster.
Some schools in Minnesota have already announced closings or shifts to virtual learning on Thursday as another round of winter weather threatens parts of the state.
A South Dakota man was killed in a crash south of the Twin Cities Tuesday morning, according to the Minnesota State Patrol.
Owen Hailey was the second oldest of four siblings, and was known to be everyone's best bud.
Efforts to quickly and quietly oust the president of the University of Wisconsin system are drawing fire from a Republican legislative leader.
The president of Wisconsin's largest mosque was detained by federal immigration agents, drawing accusations from local officials and religious leaders that the arrest was motivated by his statements against Israel.
Some schools in Minnesota have already announced closings or shifts to virtual learning on Thursday as another round of winter weather threatens parts of the state.
A suspect is in custody after a "written threat" led to the brief evacuation of a church in Hudson, Wisconsin, Tuesday morning.
Mackenzie Reed, head custodian at Shakopee East Middle School, has painted large-scale murals throughout the building she once attended as a student, creating a more welcoming space for current students.
Kristi comes to the Salvation Army not only to get food, but to shine her light. She talks with and encourages people waiting in line.
The way Mary Hernandez describes it, the effort to keep families off the street in Shakopee, Minnesota, is like trying to keep your head above water.
Deputy Fire Marshal Shawn Johnson, 61, died March 5 after a two-year battle with job-related cancer, the Minnetonka Fire Department announced.
The Minnesota Department of Corrections says 95% of all incarcerated individuals will eventually be released from prison. The DOC says it does all it can to help people transition back into the community as productive citizens.
Officials from 23 states and the District of Columbia filed a lawsuit seeking to block President Trump's executive order that aims to restrict mail voting.
The executive order is designed to increase the NCAA's control over college sports, and threatens to remove federal funding for colleges and universities that don't comply with NCAA rules.
The president of Wisconsin's largest mosque was detained by federal immigration agents, drawing accusations from local officials and religious leaders that the arrest was motivated by his statements against Israel.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
A former Trump defense attorney will take over, at least temporarily.
Minnesota continues to beat the national gas price average, but there are still ways to save in the metro area.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Your car isn't the only vehicle that needs gas. It's a huge budget item for Minnesota fire departments, police and mass transit.
As we all pay more to fuel our cars, drivers might miss the savings hidden right at the pump. It comes down to timing, then adjusting your routine.
With the national average for gas prices around $4, the timing is especially concerning for the floral industry amid the height of Easter and Passover preparations.
Security footage shows thieves fleeing after discovering a 3-month-old in the backseat of a stolen SUV, leaving the infant alone in an alley for more than an hour before police arrived.
A Burnsville, Minnesota, paraprofessional is facing seven charges in an undercover child solicitation operation that was carried out by a detective in Carver County last month, according to court records.
Police are investigating after dozens were smashed and at least three people fled officers in Robbinsdale, Minnesota, on Wednesday morning, according to law enforcement.
The president of Wisconsin's largest mosque was detained by federal immigration agents, drawing accusations from local officials and religious leaders that the arrest was motivated by his statements against Israel.
The complaint says the woman admitted to an officer over the phone that she went home and consumed alcohol during her lunch break.
Nurses and physicians at Hennepin Healthcare in downtown Minneapolis, home to the first level-one and busiest trauma center in Minnesota, on Wednesday urged the state Legislature to throw the hospital a lifeline — and fast.
Ramsey County, Minnesota, health officials say the county had its first case of mumps reported in about five years.
The Supreme Court's 8-1 ruling siding with a Colorado counselor who claimed the state's restriction unconstitutionally censored her conversations with young patients does not immediately strike down Minnesota's law.
The produce section at grocery stores is packed with nutrient-dense foods. Certain fruits and vegetables, in particular, are packed with fiber, and a new diet trend has people "maxxing" out on it.
Deputy Fire Marshal Shawn Johnson, 61, died March 5 after a two-year battle with job-related cancer, the Minnetonka Fire Department announced.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
A Minnesota singer has made the big time, signing his first record deal after 43 years in the music business.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Paul George scored 23 points, Tyrese Maxey and Kelly Oubre Jr. each had 21 as the 76ers defeat the Timberwolves.
Tristan Gray hit his first career grand slam to cap a seven-run seventh inning for the Minnesota Twins in a 10-4 home-opener victory over the Tampa Bay Rays.
Target Field in downtown Minneapolis lost power for around an hour ahead of the Minnesota Twins' home opener on Friday afternoon.
The executive order is designed to increase the NCAA's control over college sports, and threatens to remove federal funding for colleges and universities that don't comply with NCAA rules.
The Minnesota Timberwolves have announced franchise legend Kevin Garnett's long-awaited return to Target Center, though fans will have to wait a little longer for his well-deserved jersey retirement.
Julie Le, who was removed from her post after telling a judge "this job sucks," is now challenging Rep. Ilhan Omar in Minnesota's 5th District.
In 2025, the entire U.S. Attorney's office had 77 immigration detention cases, she said. In January 2026, she alone was assigned 88 cases.
One of the most heated issues remains immigration, where Craig has walked back her support for the Laken Riley Act.
With the DFL nominating convention just eight weeks away, polls that have come out show Peggy Flanagan in the lead for U.S. Senate over Angie Craig.
A DFL senator argues that President Donald Trump's decision to allow prediction market sites in all 50 states means Minnesota should regulate sports betting rather than leave it uncontrolled.
Shattuck-St. Mary's is more than a hockey school, but hockey has helped put the school on the map. They have banners and big names to prove it, though the real evidence lies with a man called Rooster.
Opening Day for the Minnesota Twins is almost here. And across town, the St. Paul Saints are getting ready for their season, too, with some added history.
The Nuss Collection is home to a lot of vintage trucks.
Denis Doyle was born in Kilkenny, Ireland. He emigrated to the U.S. and in 1856, Doyle traveled to Le Sueur County. Other Irish immigrants joined Doyle and the town was born.
One of the oldest operating theaters in the Midwest is in danger of closing its doors for good.
It's estimated that children playing with fire set more than 20,000 fires every year. On average, the fires they start cause nearly 1,000 injuries and 150 deaths each year.
As we all pay more to fuel our cars, drivers might miss the savings hidden right at the pump. It comes down to timing, then adjusting your routine.
The produce section at grocery stores is packed with nutrient-dense foods. Certain fruits and vegetables, in particular, are packed with fiber, and a new diet trend has people "maxxing" out on it.
Minnesota's recent swing from heavy snow to record heat is a recipe for rocky roads.
Heavy snow followed by bitter cold hit Minnesotans with a double whammy of winter. The good news is spring-like weather is right around the corner, but its quick arrival could spell trouble for homeowners.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Snow is expected to fall across much of Minnesota on Saturday morning, according to NEXT Weather meteorologist Chris Shaffer. Residents in areas around Grand Marais and Bemidji could see up to a foot of accumulation by the end of Saturday.
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.
Rain will fall in the Twin Cities late Friday and into early Saturday while Minnesotans to the north see snow, according to NEXT Weather meteorologist Chris Shaffer.
High pressure brings back some sunshine for Easter Sunday with a quieter pattern into early next week, WCCO meteorologist Chris Shaffer reports.
Northern Minnesota could see a few inches of snow as another storm pushes through, and though the Twin Cities will see some flakes, NEXT Weather Meteorologist Mike Augustyniak says there won't be much accumulation.
Snow is expected to fall across much of Minnesota on Saturday morning, according to NEXT Weather meteorologist Chris Shaffer. Residents in areas around Grand Marais and Bemidji could see up to a foot of accumulation by the end of Saturday.
Holy Week is a busy time for clergy members. In this edition of Home Team, Mike Max introduces Father Bob White, a legally blind Minnesota priest who never slows down while accomplishing amazing things.
A U.S. Coast Guard ice cutter was needed to help a freighter that was stuck on Lake Superior in Duluth on Friday.
It was a memorable home opener for the Minnesota Twins and their fans on Friday. There was a power outage, it was cold and the team lit it-up in the late innings of the game. Ubah Ali spoke to fans about the issue.
Search and rescue crews are looking for a pilot after the F-15E fighter jet they were in was shot down over Iran on Friday, U.S. officials said. They were part of a two-man crew flying the aircraft. Rescue teams found the other pilot hours after the crash. Officials also found an A-10 pilot shot down in a separate incident. Charlie D'Agata reports from London.