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Election 101: Tim Pawlenty as 'everyman's' candidate? Ten points about who he is.

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Best Buy second-quarter profit drops 90 percent, missing estimates

The poor report was announced a day after Best Buy name Hubert Joly, former CEO of the Carlson travel company as its new CEO and president.
US stocks move up slightly

Dow gains 21 points, while S&P and Nasdaq also rise. BestBuy stock soars on buyout offer, while Knight Capital loses a quarter of its value, despite $400 million in financing.
Best Buy offer: Founder wants to rescue ailing electronics giant

Best Buy offer from the company's co-founder would take the electronics seller private only months after leaving as the company's chairman following a scandal involving its CEO. The Best Buy offer values the company at $8.84 billion.
Time to sell? Best Buy founder quits board, explores sale.

It's the latest news to hit the Minneapolis company facing a CEO scandal and increasing competition from online retailers, and it removes one obstacle for a possible private equity takeover.
Best Buy CEO Brian Dunn steps down

Best Buy CEO Brian Dunn has decided to resign from the big box retailer. Dunn has been Best Buy CEO for almost three years.
Election 101: Tim Pawlenty as 'everyman's' candidate? Ten points about who he is.

Tim Pawlenty wants a White House ending to his rags-to-riches rise. The former governor declared his candidacy for president May 22 in a video released on his website. The grandson of German immigrants and the first in his family to attend college, Pawlenty is hoping his foes’ flaws are his ticket to victory.