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File photo of Best Buy logo seen at a store in Toronto.

Best Buy Chairman To Resign After Probe Into Former CEO

Best Buy Co. (NYSE: BBY), the troubled electronics retailer, said Monday founder Richard Schulze was resigning as chairman and would be replaced by director Hatim Tyabji, after Schulze didn't tell the board that former CEO Brian Dunn was having an inappropriate relationship with a female employee.

'Pink Slime': Beleaguered Beef Purveyors Carve Out Stain

Pink Slime
Behind the glass meat counter at Casey's Market in a Chicago suburb, the butchers pick up their blades and carry on a generations-old tradition. Piece by piece, the men use knives to cut meat and fat off beef carcasses, and grind them into mounds of hamburger.
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American University student Caitlin Treanor (R) speaks with job recruiter Jon Avery during a career job fair at American University in Washington March 28, 2012.

US Jobless Claims Edged Down To 367,000 Last Week

Fewer Americans than expected filed for jobless benefits last week, calming some concerns about the jobs market recovery after a disappointing April employment report. However, many signs point to the fact that companies are still very cautious about adding workers.
The new CUE system in the 2013 Cadillac XTS and accompanying iPad app.

2013 Cadillac XTS Will Come With Free iPad, Teaching Apps

Every new 2013 Cadillac XTS will come with an Apple Incorporated (NASDAQ: AAPL) iPad with a suite of customer education apps pre-loaded to teach new owners about the car's Cadillac User Experience (CUE), General Motors Company (NYSE: GM) announced on Wednesday.
Spain, Greece Send Buyers To German, U.S. Bonds: Daily Markets Wrap

Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap

Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
A Macy's department store is shown in Oceanside

Macy's Beats Earnings Expectations But Still Disappoints Wall Street

Macy's, Inc. (NYSE: M), the national retailer that counts department stores brands Macy's and Bloomingdale's in its portfolio, reported earnings Wednesday that exceeded expectations, but still disappointed Wall Street, which was looking for higher guidance from the company on future earnings.
Orange Austria, 3, Hutchison

Hutchison Resubmits Bid For Debt-Laden Irish Telecom

Hong Kong-based diversified holding company Hutchison Whampoa Ltd. (Hong Kong: 0013) resubmitted its ?2 billion ($2.62 billion) cash bid for Dublin-based Eircom Group Ltd., the closely held fixed, mobile and broadband telecommunications services provider.
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T-Mobile ?Not Aware? of Sarah Phillips Fraud Allegations, Acquaintances Speak Out On ESPN Reporter Scandal

Freelance sports gambling columnist Sarah Phillips made headlines yesterday when she was fired from ESPN after Deadspin.com released an article claiming the 22-year-old was involved in fraud and extortion. IBTimes spoke with a T-Mobile media relations representative who informed us that they were not aware of the current allegations against Sarah Phillips, but are looking into the situation.

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