Best Buy's September same-store sales fall Best Buy Co. Inc., the Richfield-based electronics retailer, said September sales at its U.S. stores open at least 14 months fell about 2 percent, as the credit crisis slowed consumer spending. In its quarterly report filed with the Securities and Exchange Commission, the company said that it would update its forecasts if "we determine there is a material change in our expected annual results." Best Buy last month said same-store sales rose 5.3 percent in the quarter ended Aug. 30, as electronics retailers withstood the overall slump in discretionary spending.
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Market triggered stock sales, Boston Sci says A torrent of selling of Boston Scientific Corp. shares owned by the company's co-founders was automatically triggered by the financial market turmoil and is "in no way" a reflection of the company, Boston Scientific said. "These sales are involuntary and related to personal planning objectives" and "extraordinary circumstances in the financial markets," said co-founder Pete Nicholas. On Wednesday, about 38 million Boston Scientific shares were traded, including "involuntary" sales of about 13 million shares owned by Nicholas and co-founder John Abele, or held by a trust for the benefit of Abele's children. Boston Scientific's stent operations are based in Maple Grove.
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