Nonprofit, nonpartisan journalism. Supported by readers.


Wednesday P.M. Report

Best Buy ‘marginally disappointing,’ Vino 100 opening Plymouth franchise, Tyco exec on Boston Scientific board, and West rolls out iPhone app for attorneys.

Analyst: Best Buy ‘marginally disappointing’: A Societe Generale analyst has downgraded his rating of Best Buy Co. Inc. stock to “sell,” from “buy,” after agreeing with the company’s warning that it will see a lower profit margin this quarter as holiday shoppers look for deals. John Baillie described Best Buy’s performance as “marginally disappointing,” saying the major disappointment was the pressure on the Richfield-based retailers profits. Read full story 

Vino 100 opening Plymouth franchise: Specialty wine shop Vino 100 will open its first Minnesota franchise Wednesday in Plymouth. The shop, located at 3225 Vicksburg Lane, will carry more than 100 types of wine, all costing $25 or less per bottle. It also will sell cigars, specialty foods and wine-themed cookbooks. Read full story 

Tyco executive elected to Boston Scientific board: Boston Scientific Corp. said today that the company’s board of directors had elected a Tyco International executive as a director. With the selection of Nelda Connors, the Natick, Mass.-based medical device company has increased its board of directors to 14 members. Read full story

West rolls out iPhone education app for attorneys: West’s legal-education subsidiary is offering on-the-go attorneys a chance to leave their books at home, courtesy of a mobile-education tool through Apple Computer’s App Store. West LegalEdcenter unveiled the new app, called CLE Mobile, on Tuesday. The software lets lawyers attain continuing legal education (CLE) credits through their Apple iPhone or iPod touch. The program will be available for a free download at the iPhone App Store. Read full story