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These were the stories that lit up the newswires.
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Best Buy's (BBY 0.04%) founder may be ready to move on. The consumer-electronics retailer briefly delayed this week's quarterly earnings announcement to give Richard Schulze time to formalize any potential takeover bid. It failed to materialize by Thursday night's deadline.
"The company received no such offer and will continue to focus on its transformation for the benefit of all of its stakeholders," reads the release.
It's just as well. The last thing Schulze wanted was to have to chase the company higher, and Friday morning's quarterly report was refreshingly better than expected. Revenue inched marginally higher on positive stateside store comps. Analysts were banking on a top-line decline. Profitability took a hit, but the retailer earned more than Wall Street was forecasting.
The future will be challenging. How can it not for a gadgetry and media retailer in an era where digital delivery is becoming the new normal? However, the report was enough to give new CEO Hubert Joly enough ammo to keep working on his turnaround plan.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.