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Wild Wings shares up 19% on profit pledge
Shares of Buffalo Wild Wings Inc. gained 19 percent after the chicken-wing restaurant chain said it will meet its annual profit-growth forecast of 25 percent. The St. Louis Park company's shares rose $4.87 to close at $30.75, their biggest climb since October 2006. On Tuesday, Buffalo Wild Wings said first-quarter comparable-store sales growth was 4.1 percent at company-owned restaurants and 2.1 percent at franchised locations, prompting KeyBanc Capital Markets analyst Lynne Collier to upgrade her Buffalo Wild Wings rating to "buy."
BLOOMBERG NEWS
$54 million laptop lawsuit dismissedA $54 million lawsuit filed against Best Buy Co. Inc. for losing a laptop computer has been dismissed by a court in Washington, D.C. Raelyn Campbell of Washington sued Best Buy in November, seeking fair compensation for replacement of the $1,100 computer and extended warranty, plus expenses related to identity theft protection. A Best Buy spokeswoman said the company wouldn't comment on legal matters, but that it didn't pay a settlement. The Richfield-based retailer said it gave Campbell $1,110.35 and a $500 gift card in October as compensation. A judge dismissed Campbell's lawsuit Feb. 28, as first reported on a blog run by the National Association of Manufacturers at blog.nam.org. Campbell did not return calls seeking comment.
JACKIE CROSBY
Recent Business stories
Federal action against Iranian foundation threatens future of 4 American mosques - April 30, 2008
Federal action against Iranian foundation threatens future of 4 American mosques - The organization that federal investigators say is a front for the Iranian government has spent millions of dollars over the years on philanthropy: buying property for four U.S. mosques, funding religious schools and language classes, and translating books on Islam. More
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Blog: Patent Pending
Meanwhile, in Wisconsin....
As you read this blog entry, angel investors and start-ups are flocking to Madison, Wisconsin for the annual Wisconsin Early Stage Symposium and the Mid West Health Care Venture forum.
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