Best Buy, Technology | featured news

Twin Cities-based Best Buy said Tuesday that its CEO, Brian Dunn, has resigned. The electronics company said in a statement that Dunn's departure was in "mutual agreement that it was time for new leadership to address the challenges that face the company."

Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas.

Best Buy will chop the price of HTC's Flyer to $299 from $499 October 1, CrunchGear reported Friday. The move comes after many retailers chopped the price for RIM's PlayBook and Motorola's Xoom to just $299. And, of course, HP has outdone them all, slashing the price of its TouchPad to just $99 on its way ...

Best Buy's profit fell 30% as same-store sales continued to slide. The electronics retailer also revised its full-year earnings view.

It was widely reported that Best Buy was sitting on over 200,000 TouchPads before HP enacted their drastic price cut, but the fire sale has come and gone, and that would normally be that.

Buried in a story on Best Buy's retail strategy, CEO Brian Dunn mentioned a startling fact: Internal estimates showed that the iPad had cannibalized sales from laptop PCs by as much as 50%.

Facebook's "Like" button is popping up on e-commerce sites, but these Web companies are giving access to some of their users' data to the social-networking giant.