In corporate news this week, Best Buy (BBY) announced that net income during the quarter fell by 90 percent, due to weak sales and restructuring charges.
It may be worsening the problem by enabling too many competitively weak companies to avoid restructuring and to continue to operate even as they deliver next to nothing to shareholder.
Due to a weak macroeconomic environment, a slowing PC market and restructuring efforts, the company expects a marginal decline in revenue across all divisions except the software division.