Sears Holdings Corp. Chairman Edward Lampert’s selection of himself as the ailing retailer’s fifth chief executive officer in seven years shows the billionaire hedge-fund manager hasn’t taken his critics to heart.
Best Buy Co. Interim Chief Executive Officer Mike Mikan told employees today that his first priority is to execute the changes the company announced last month and then he will plan a new direction for the retailer.
UnitedHealth Group Inc. , the largest U.S. insurer by sales, promoted Mike Mikan and Gail Boudreaux to run the health-services and health-benefits divisions, moves that may signal the executives are candidates to head the company in the future.
Best Buy Co.’s new Chief Executive Officer Hubert Joly plans to focus more resources training employees at the world’s largest consumer-electronics retailer after an uneven performance among stores led to sales declines.
Best Buy Co. has resumed talks with founder Richard Schulze about an agreement that would allow him to conduct due diligence in his effort to acquire the company, said two people with knowledge of the matter.