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Best Buy brings founder Schulze back on board

Best Buy said today that its founder, Richard Schulze, is returning to the company as chairman emeritus.

Schulze is also bringing with him a pair of new members for Best Buy's board of directors, former company executives Brad Anderson and Al Lenzmeier. The two are joining the board immediately and then will stand for election at the annual shareholder meeting in June, Best Buy said.

It wasn't so long ago that Schulze was trying to acquire Best Buy and take it private. Last August, he submitted an offer of between $24 and $26 a share to buy the … Read more

Consolidate your content in Rockmelt

The sheer volume of information people interact with each day is overwhelming. Articles, blog posts, Facebook posts, and tweets -- it's impossible for many to keep track and stressful for others who try. So apps like Rockmelt are becoming increasingly popular. Designed to consolidate your favorite Web sites and content sources into a single interface for reading, sharing, and saving, Rockmelt is a very effective app in many ways, and in others very much in need of updates and refinement.

Upon installation, Rockmelt prompts you to sign in to at least one social account. You can alternately create an … Read more

The 404 1,229: Where we stop and smell the ads (podcast)

Leaked from today's 404 episode:

- Ad creep creeps are getting creepier -- a couple of the strangest ad-placements ever.

- You know Best Buy is doing poorly when a positive customer review is news.

- How manufactured smells are making people shop longer and kill better.

- Jack from our 404 Subreddit created an RSS feed of every 404 episode. Thanks dude!… Read more

Best Buy selling $100 iTunes gift card for $80

Best Buy has kicked off another one of its iTunes gift card promotions.

The retailer is selling the $100 iTunes gift card for $80. As always, you can buy the card directly at one of Best Buy's outlets. Or you can order it online to pick it up at your local store or have it delivered directly to your home.

The sale applies only to the $100 gift card. All other iTunes gift cards from Best Buy remain at their usual price.

How long will the offer last? That seems to be a bit of a mystery.

The offer … Read more

Hottest tech products (winter 2013)

I don't know why I make this job harder than it needs to be. Every week I wrack my brain trying to think of a topic that will tap into the collective CNET zeitgeist. Sometimes I hit it just right, and sometimes I get nothing. But I could save myself a lot of trouble.

Without fail, the most popular Top 5 videos we produce here are the "Hottest Product" roundups. I think you guys get a voyeuristic kick out of knowing what everyone else is looking at.

Well, who am I to deprive you? This time around … Read more

Kickstarter blockbusters

Over the past few years, Kickstarter has become a force to be reckoned with. Some of the coolest and weirdest gadgets I saw at this year's CES didn't come from big corporations or even small ones -- they came from independent inventors who found funding and encouragement through Kickstarter.

Which isn't to say that every Kickstarter project is a hit. The site is also a graveyard of hackneyed ideas, indie records, and films that no one wants to see. But when a Kickstarter campaign hits the right nerve, it's an exhilarating flip of the supply-and-demand model … Read more

Best Buy ends trailblazing work-at-home program

Best Buy, seen as a trailblazer for its progressive telecommuting policy, is now putting limits on the ability of its non-store staff to work from home.

Just a week after Yahoo told its workers that they could no longer work from home, Best Buy ended its Results Only Work Environment (ROWE) program, which allowed employees to set their own hours and work from anywhere as long as they got the job done. Telecommuting is not completely ruled out as an option for the company's 4,000 non-store employees, but workers will need to seek managerial approval first.

The change … Read more

The world is better off with Best Buy alive than dead

Despite all the flak Best Buy gets from consumers and financial analysts, the world is probably a better place with it than without it.

For those who don't follow Best Buy as a business, existential questions have been dogging it for years. The word "Titanic" often comes up.

Not all that surprising, considering brick-and-mortar electronics retail stalwarts CompUSA and Circuit City have all but disappeared.

Here's what the new CEO, Hubert Joly, said Friday during the earnings conference call, via a transcript provided by Seeking Alpha.

"In fiscal '13, we permanently closed 49 large-format stores … Read more

Top 5 $1 smartphones

I have to say that I'm a little disappointed in the pace of smartphone innovation recently. I have a hard time believing that the recent push toward bigger HD screens and quad-core processors really adds up to a dramatically better experience for most people. Maybe it's just a momentary lull in the industry, or maybe the smartphone is now a fully matured technology that's starting to plateau.

Either way, we're at a moment now where the distinction between last year's phones and this year's is pretty tough to notice. If you're shopping for … Read more

Best Buy takeover talks said to have ended without deal

It appears that Best Buy founder Richard Schulze will not be resuming control of the struggling electronics retail giant any time soon.

Negotiations between the Best Buy and Schulze's investment group have concluded without an agreement for taking the company private, sources with knowledge of the matter told The New York Times, although they cautioned that talks could resume in the future.

Schulze, who founded Best Buy in 1966 and served as CEO until 2002, still owns 20 percent of the company and had proposed paying between $24 and $26 per share in cash to acquire the outstanding shares … Read more