Category: Business

Best Buy Board of Directors Investigating CEO Corie Barry Over Misconduct Allegations

The board of directors at Best Buy Co is currently investigating allegations that chief executive Corie Barry had what is considered an inappropriate relationship with a colleague who then left the company just before Barry accepted this leadership role.  According a statement from the company, released on Friday, the Richfield-based home

Procter & Gamble Earnings and Sales Beat Quarter Estimates, Boosting Shares

Procter & Gamble reported, this week, strong quarterly earnings, besting both top and bottom line analyst expectations. This helped the company to bump sales and earnings outlook for the whole year.   The consumer goods giant has been consistently strong in terms of sales, boosted mostly by development innovation, improved marketing,

Lawsuit Alleges AT&T Inflated DirecTV Subscription Counts To Mislead Investors

Shareholders have recently filed a complaint that media conglomerate AT&T has encouraged employees to create fake accounts for its DirecTV Now streaming service in order to inflate subscriber numbers in an attempt to mislead investors going into the acquisition of Time Warner.  The complaint is actually an amendment, filed last week,