Best Buy Co. (NYSE:BBY) is said to have resumed talks with company founder Richard Schulze in regards to allowing him to carry out due diligence with a view to purchasing the retailing major, although he has already nixed one offer. Somewhat separately, the compensation package for the new Chief Executive Hubert Joly amounts to as much as $32 million in value over three years, plus, he?s guaranteed more than $6.25 million if he can?t obtain a work visa by the end of September and his CEO gig fails.
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Major retailers such as Costco Wholesale Corportion (NASDAQ:COST), Wal-Mart Stores, Inc. (NYSE:WMT), and Target Corporation (NYSE:TGT) seem to have dodged an expensive Dodd-Frank requirement that would have mandated them to closely oversee the sources of the minerals that were contained in their products, in case they are linked to violence in Africa. The Securities and Exchange Commission decided to exempt firms who do not possess direct control over the manufacturing of the so-called conflict minerals.
Nissan Motor Co. (NSANY.OB) might use a new line of cars under the Datsun brand to extend its push into Africa, a move that would provide a higher-quality choice over vehicles sold there made in India and China. Presently, Nissan builds approximately 90,000 cars in Africa, for the most part in South Africa.
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