Alfred Teo Sr. was once one of the largest shareholders of Minnetonka-based Musicland. Teo admits he originally bought those shares based on secret information that Richfield-based Best Buy would be interested in buying them.
No travel advised: High winds, whiteout conditions in NW MN
Zero visibility in parts of greater Minnesota Tuesday night.
Update: Holy Angels evacuated over bomb threat, school says
Someone left a voicemail early Tuesday suggesting there was an explosive device.
Convicted stalker charged with harassment of another DJ at The Current
He pleaded guilty to similar charges involving the DJ's colleague back in 2015.
Gophers fall below roster minimum, postpone Penn State game
It is "due to internal COVID-19 protocols within the Golden Gopher program."
Report: Vikings request interview with Rams' Raheem Morris
Morris was once the youngest head coach in the NFL at 33 years old.
Sheriff: Drunk driver crashed trying to 'beat the train'
The BNSF train slammed into the side of the driver's car.
Man run over after parking dispute leads to road rage crash
The two groups fought about parking prior to the crash.
Deadly crash shuts down small stretch of Chaska highway for hours
A driver crossed over the center median and hit another vehicle.
You can now order 4 free at-home COVID tests from the government
Tests will ship for free within 7-12 days, according to the White House.
Minnesota's COVID-19 update for Tuesday, January 18
Minnesota has reached 11,000 COVID-19 deaths.
Best Buy buying out Carphone for complete control of Best Buy Mobile
Richfield-based Best Buy will spend about $1.6 billion to take complete control of Best Buy Mobile. Bloomberg reports Best Buy will announce the deal to buy Carphone Warehouse Group's 50 percent share on Monday.
Best Buy CEO presents vision to analysts, investors in New York City
Best Buy's new Chief Executive Officer Hubert Joly outlined his five-point strategy, called "Renew Blue," to turn around the Richfield-based consumer electronics chain before he met with Wall Street investors in New York Tuesday afternoon, the Business Journal reports.
Best Buy cancels investors meeting in NYC after East Coast storm
Best Buy CEO Hubert Joly will not be outlining his turnaround strategy with investors on Thursday in New York, Reuters reports. The Richfield-based consumer electronics retailer has canceled the meeting with Wall Street analysts while the East Coast recovers from Hurricane Sandy. A new date for the meeting has not been set.
Uncertain future for Best Buy's shaken shareholders
Best Buy is holding its annual shareholders meeting Thursday. The beleaguered Richfield-based electronics giant has had plenty of boardroom drama over the past three months, including the abrupt departure of company founder and largest shareholder Richard Schulze. After months of uncertainty, investors are eager to learn what's next for the world's largest consumer electronics retailer.
Schulze to interview key Best Buy executives
Despite some opposition from board members, Best Buy CEO Hubert Joly has agreed to let company founder Richard Schulze and his team of potential investors to interview eight to 10 key executives, the Star Tribune reports. Schulze, Best Buy's largest shareholder, has until mid-November to make a buyout offer to take the struggling Richfield-based electronics retailer private. He is under a 60-day deadline to present a proposal to the company’s Board of Directors.
Best Buy founder explores potential buyout options
Richard Schulze is reportedly talking with banks and looking for potential buyout partners as he considers taking the beleaguered Richfield-based electronics retailer private, Bloomberg reports. Schuzle is Best Buy's largest shareholder -- controlling 20.1 percent of the company's stock. The 71-year-old abruptly step down as chairman of the board earlier this month to explore his options.
You Can Get BMTN Special Offers!