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Best Buy Buying Out Carphone Warehouse
2011-11-07 13:25:02

Best Buy Co Inc. announced on Monday that it is buying out its British partner Carphone Warehouse for $1.3 billion. The company said it would buy out Carphone Warehouse Group Plc from a profit share of their Best Buy Mobile venture in the U.S. and Canada. "Going forward, we are capturing the full profits from our Best Buy Mobile format," Chief Executive Brian Dunn said in a conference call with investors Monday Best Buy said the buyout of Carphone's interest in a profit-sharing...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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