The struggling electronics chain gives founder Richard Schulze a shot at acquiring the company, but it's not clear he's the right man for the job.
Stocks are slightly higher, with Apple's big patent win over Samsung helping to support the Nasdaq.
Traders are taking a wait-and-see approach ahead of Bernanke's speech Friday and the ECB chief's address Saturday. Apple surges on a court victory in a patent battle with Samsung.
Applications for unemployment insurance rise unexpectedly. Sales of new homes climb. Weak economic reports out of Europe and China overshadow hopes for more Fed stimulus. HP's shares slip after its revenue misses forecasts.
Even if the new Best Buy's new CEO Hubert Joly brought tremendous skills to the table, it's hard to see his hiring as anything more than too little, too late.
Problems keep stacking up for the consumer electronics company, and little relief is in sight.
Stocks on Wall Street are mixed in another tame session.
The Dow also sets a multiyear high before turning lower. European traders hope the ECB will help resolve the debt crisis. Urban Outfitters trounces expectations. Best Buy posts a drop in profit and comparable sales.
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