This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Business Highlights

Ten days after he made a public bid to take the business private, Schulze told Best Buy's board in a letter that he'd like to put forth a fully financed plan.

Schulze made an offer of $24 to $26 per share for Best Buy Co., which the Minneapolis company called "highly conditional." The offer values the company at as much as $8.84 billion. Schulze already owns 20.1 percent of the company's stock, so buying the rest of shares would mean coming up with about $6.9 billion.


Groupon stock hits another low after 2Q results

SAN FRANCISCO (AP) â¿¿ Groupon's stock hit another low, days after the online deals company issued a lackluster quarterly report.

Groupon Inc. fell 32 cents, or 6 percent, to close Thursday at $5. Earlier it hit $4.97, its lowest level since its initial public offering in November. The stock's IPO price was $20, so it has lost 75 percent of its value.

On Monday, Groupon reported its first-ever quarter-to-quarter decline in gross billings. That's a closely watched number because it measures how much money is collected from merchants.


By The Associated Press(equals)

The Dow Jones industrial average rose 85.33 points to 13,250.11, up 0.6 percent. The Standard & Poor's 500 index gained 9.98 points to close at 1,415.51, up 0.7 percent. The Nasdaq composite index rose 31.46 points, or 1.04 percent, to 3,062.39.

Benchmark oil for September delivery rose $1.27 to finish at $95.60 per barrel in New York. Brent crude rose 96 cents to end at $115.27 on the ICE Futures exchange in London.

Natural gas lost 2.4 cents to finish at $2.72 per 1,000 cubic feet. Heating oil rose 4 cents to end at $3.12 a gallon and wholesale gasoline fell less than a cent to finish at $3.08 a gallon.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs