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Last update: May 8, 2008 - 9:09 PM

 

Best Buy invests $2.15 billion for a 50 percent stake in the European joint venture.

The 2,400 Carphone stores in nine countries will keep their names but will sell cameras, laptops and DVD players.

Best Buy will put its name on large-format stores it plans to open in Europe starting in 2009.

To finance the deal, Best Buy is dropping its $800 million share buyback plan.

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Blog: Patent Pending

Lights out at U energy conference. Irony police notified.

Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.

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