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Report: No buyout offer by Best Buy founder coming soon
New York -- Best Buy’s founder and former chairman Richard Schulze is not expected to present a buyout or other proposal to the company's board anytime soon, Reuters reported, citing a person familiar to the situation.
Schulze owns more than 20% of the company’s shares. He abruptly resigned from the Best Buy board last June and said he was exploring options for his ownership stake. The company’s shares have risen lately on speculation that Schulze close to presenting a buyout offer.
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RILA voices concern over Affordable Care Act ruling
Arlington, Va. -- The Retail Industry Leaders Association (RILA) gave voice to concerns after Thursday's Supreme Court ruling that upheld the individual-mandate within the Affordable Care Act.
“With the Supreme Court decision now behind us, the focus must turn to the employer-mandate and the effect that impending changes to employer-sponsored coverage will have on the nearly 170 million Americans who receive health care through their employer,” said RILA president Sandy Kennedy.