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Could Best Buy be a good buy for Target?

Louis Johnston, chair of the Department of Economics at the College of Saint Benedict and Saint John's University, says merging the two Minnesota-based companies could be a win-win for the state's economy. (Photo Courtesy: MinnPost illustration by Christopher Henderson)
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Louis Johnston, chair of the Department of Economics at the College of Saint Benedict and Saint John's University, says merging the two Minnesota-based companies could be a win-win for the state's economy. (Photo Courtesy: MinnPost illustration by Christopher Henderson)

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Could Best Buy be a takeover target?

Raking in more than $1 billion in cash every year and sitting on very little debt, the retailer has become a tempting target for a private takeover, according to what industry analysts are telling the Star Tribune.

Target, Best Buy to help eBay launch same-day delivery service

Ebay Inc. is teaming up with some of the nation's biggest retailers, including Minneapolis-based Target and Richfield-based Best Buy, to test a same-day delivery service, Reuters reports. The move comes as rival Amazon.com Inc., the world's largest online retailer, is building more warehouses to deliver items faster and cheaper.

Target, Best Buy, Supervalu among retailers impacted by Hurricane Sandy

Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the east coast because of Hurricane Sandy on Monday. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.

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Former Roxio/Napster CEO Christopher Gorog has filed suit against Best Buy. Gorog, who was CEO of the digital music business when Best Buy purchased it in 2008, claims the Minneapolis-based electronics retailer did not honor a monetary agreement after he and the company parted ways.