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WHAT BERNANKE IS TRYING TO TELL THE MARKETS: EL-ERIAN /CNBC - By: Mohamed El-Erian: “…He delivered a careful and balanced view of the economy (a gradual healing in the context of a still-muted outlook growth and jobs), re-iterated the improved banking and financial conditions at home (stressing the major additions to bank capital), and referred to the strains in Europe (acknowledging that they act as a drag on the US economy).”
BEST BUY FOUNDER RESIGNS, PUTS LARGE STAKE IN PLAY /Reuters: “Best Buy Co Inc founder and chairman Richard Schulze resigned from the retailer's board on Thursday and said he was exploring options for his 20.1 percent ownership stake, a move seen as a possible precursor of a Schulze-led private takeover.”
AS BEST BUY FOUNDER LEAVES, THOUGHTS OF A LEVERAGED BUYOUT RE-EMERGE /Dealbook – Michael De La Merced: “…It might be a tempting proposition for a potential buyer, like a private equity firm. But at least one analyst doesn’t think such a sale is likely, as potentially attractive as it may be.”
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