investors seemed to like that founder richard schultz will return as chairman emeritus and add two of his colleagues to the board. the move was seen as positive because schultz won't sell his stake in the company. shares almost 2% higher today. >> apple says it's bought wifi slam. this allows consumers to use hot spots on their phones. this will allow them to find a restaurant in an airport. apple report delay paid $20 million for the company. shares rose almost $2. apollo group which operates the university of phoenix and other for-profit educational institutions, reported a 79% drop due to lower enrollment. the stock was the biggest gainer in the s&p today, up more than 7%. coming up, we'll look at why some college graduates are having trouble with education debt and what some schools are doing about it. >> and alsoñuf still ahead, the supreme court hears a case that touches the wallet and the medicine cabinets of moat americans. first take a look at how the international markets finished the day. >>> some good news about prices at the pump. average gasoline prices fell a little mor

fundamentally, richard schultz, is it good he's coming back?it's a sell on the news type of event. i think while it's positive his 20% in the company is less likely to be sold, i think that it does not change the fact this company has a very difficult turnaround ahead of itself. it's playing in a low growth space with very price transparent products. that sort of commodity like aspect to its business does not give it a lot of flexibility to make a turnaround. you can only close so many stores, cut so many people. it's really hitting the bottom line. if you look two years ago this company put up 364 in the bottom line for the year expected to be reported next february, they're looking for 219. i think this is a sell moment. i think that par bollic up trend of this year is likely to reverse down. i think we could see a single digit stock within 24 to 36 months. >> fundamentals are horrific. i was in my first one, i was buying a cover for an ipad. what a depressing place. the reality is that has nothing to do with whether one can make money. the s

. >> shares of best buy popping on the news that richard schultz is rejoining the company. next guest has been pounding the table on best buy for a year. joining us on the fast line. david, gra et to have you with us. >> thank you. >> it's funny because we were talking on the morning show when i'm on with this pop and you sent me an e-mail and said, hey, i've been right on this early on and you mocked me for it. so here we are -- we've got you back on at this point. in terms of where the stock has moved this year because it has been a tremendous move this year, what are the other levers that management can now pull in order to continue this trajectory the stock is on? >> right, i think it's moved on three reasons. number one, people are getting very comfortable with the new management team. number two, some really significant cost cuts have really helped. and number three, it's not going out of business trade, which last year, i think a lot of people thought this thing didn't have a long life ahead of it. things coming up, i think when people start to understand the remerch

. >> reporter: in addition, the company's founder richard schultze appears to have abandoned plans to buy the company, providing more certainty about leadership. investors are growing more confident current c.e.o. hubert joly's turnaround plan is working. among the positives in today's earnings report: better than expected profit margins, as well as an 11% increase in u.s. online sales. and earlier this week, the company announced a $725 million cost cutting plan. best buy also plans to revamp its website. so, is now a good time to buy the stock, which is up more than 40% this year? >> right now i think the shares might be a little bit over- valued. they've had a nice run. >> reporter: but bestbuy's turnaround will not be easy. the company gave a cautious outlook got the first quarter, because it is ramping up investments. and a quirk of the calendar means there will be one week less sales this quarter compared to last year. erika miller, "n.b.r.," new york. >> susie: more cars and trucks zoomed off show room floors last month, as february's sales moved decidedly higher. ford motor le

but richard schultz wasn't able to do it with best buy. >> no.g of best buy, barnes & noble. a lot of the big old style retailers. >> the opportunity, i believe, is missed. >> maybe the right point there. sue? >> ty, if you yell barracuda, everybody says, what? but if you yell, shark, you may have panic on your hands. we will take to you a string of beaches here in the u.s. that are closed up tight because of all the sharks lurking just off-shore. so before you leave for that late winter vacation, you better watch our next story. don't become their lunch. instead, stick with us on "power lunch." zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and

. >> reporter: as far as an expected offer from the firm's founder and minority shareholder richard schultz said it wasn't made, freeing the firm to focus on the turnaround. he also said he hasn't made a decision to exercise his right to appoint two directors to the company's board. on the earnings call, joly outlining a six-point plan aimed at improving esstore sales in all of best buy segments. joly calling fiscal 2014 a year of transition, an effort analysts applaud while pointing out it won't be a quick fix. as for the fourth-quarter adjusted earnings from last year, beating estimates by a dime on stronger than expected revenue as u.s. sales steadied with international sales continuing to decline. bill, back to you. >> all right, mary, thank you very much. heading towards the close, 15 minutes left. losing some altitude now, the seydou up just 15 points right now, maria. we'll see what happens here. >> yeah. the dow may be within striking distance of a record high but one top investor says don't expect that to happen any time soon. he's expecting a pullback to begin before we get to the

richard schultze was shopping the company for months and months. have to believe he knows what's going on there more so than we do. he showed it to private equity players and to others. he could not even put together a bid. >> maybe because he was the one that drove it into the ground in the first place. >> could be. but private equity guys go at it themselves. the online retailer still has competitive advantage because they don't have the overhead. they don't have the staffing that's required. i don't think you own best buy here. i would sell it. >> we close the case on best buy. tell us who you think won the debate? tweet us. we'll have the results at the end of the show. as the bulls battle the bears over where the market heads next, our next guest says there may be reason to bet on the bears. yahoo! finance's mike santoli joins us. why are we betting on the bears? >> i see this set-up as an incomplete corrective pullback process. joe spoke earlier about how you're seeing defensive bond-like stocks lead. the treasury yields haven't lifted to giv

best buy rejecting minority investment from richard schultz's private equity sponsors.me out with better quarterly results. that stock, a monster, up 40% this year. >> back in february, barclay's urged investors to buy for the first time in what, six years. >> first time in six years, that's right. >> we do not have mr. herb greenburg with us. he has been following this stock. when he comes back monday, i'm sure he will give us more on the story. but the company, the shares are up by about, we do have the numbers for you. i think they are surging today. >> this is interesting. you saw the stock drop 11% in the last five minutes of trading. that's on the bloomberg headline that there would be investigations. cant' can'tor fits jer cantor cantor fitzgerald says that is an overreaction. >> strong same store sales. those shares up about 35%. >> i said this last year, all about the colored pants. now it is still all about the colored pants. i have many different colors myself. >>> deutsche bank, a german company. but interesting story with relation to what is happening here

>> with richard schultz returning, people are selling because they don't think a deal is going to happenng term, this is good for the story. little bit of re-invig rags for management here. >> and a pop here for the strawber-rita. anheuser busch is now expanding its selection. the budweiser maker hopes sales of its new drink will be just as sweet as the lime's version, which has become the industry's leading flavored malt beverage. >> and i'm old son that. >> on straw-ber-ritas. >> i'm sold to you. >> margaritas is my middle name, buddy. >> yeah, baby. >> coming up next, call it a dividend dilemma. the payout number that would put apple in the sweet spot. with investors. the answer isn't as simple as you might think. we're taking a closer look at the numbers. later on, housing data may be on the up and up, but there is one expert who is ready to throw cold water on this turnaround story. >>> expectations are high that apple will return its cash to shareholders by boosting its dividend. shares are down from an all time high. will a bigger dividend bring investors back? more on apple's div

stuart: the founder of best buy, richard schultz has cooled his plan to buy the company actor best buynority stake. under the proposal of private equity, would have received a set on the board, the deal is off. best buy stock is up. boeing announced they will cut hundreds of jobs in the south carolina plant which makes 77 dreamline is, job cuts have nothing to do with recent groundings or because south carolina is a right to work state. shares of boeing at 76. facebook has agreed to buy at once paid the service from microsoft, it measures how effective ads are on websites. this is another tool for facebook to use in its battle against google, shares are down. yahoo!'s cheese made headlines, work from home or not? the debate next. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold styling, unsurpassed luxury and nearly 1,000 improvements. the redesigned 2013 glk. the next great advance from mercedes-benz. starting at $37,090. stuart: chief executive marissa mayer ordered to workers to get in the office or get out. caused quite a stir especially

. >>> now, best buy has ended talks with founder richard schultze.s still possible schultzy would come back to the table. best buy moved its earnings report up to today to give him more time for his bid. keep an eye on that one. shares in frankfurt are just fractionally lower. >>> hedge fund paulson and co. plans to vote against the merger between t-mobile and deutsche telekom. metro pcs would declare a very verse stocks bid and pay 1.5 billion to shareholders. paulson says the company would have too much emerging did want debt to be competitive. deutsche telekom off 2.3%. >> they tried to do the t-mobile at&t deal didn't happen. >>> coming up, the rhetoric gets louder in washington. frb and republican leaders blaming each other for failing to prevent a fiscal crisis. >>> how much damage and sequester could do to the u.s. economy? more to come on "worldwide exchange." [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while

richard schultz is returning as chairman emeritus. [ male announcer ] i've seen incredible things.0 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> welcome back, everybody. despite all the cold weather we have seen across the country today, it is spring time. if you are looking at your yard with a case of the blahs, our next guest will have a few ideas for you. matt, i am so scared about all the projects that you take on, all the things that you do. but it's so amazing to watch these things. how do people dig in and say, okay, this is a massive overhaul. >> it's huge. amount of people don't take advantage of the living area. you have almost as much square footage if not more. that's why i say make it a living space. clearly define your

the "new york times" reports the talks between the retailer and founder richard schultz have added the whole idea of coffee and flat screens. i've never understood. they've ended discussions about a full takeover by schultz, said to have broken down about a week ago, but recently discussed adding shae to the company. bestbuy is expected to give an update when it reports quarterly earnings and that will come before the bet bell this morning. i happily said this was fake when it started, it's fake now and thank god we don't have talk about it any wore. >> it was so made up. >> this is commentary. we should be commentary out there. >> part of it was journalism, but at the same time, the realistic chance of anything really happening was always, at least in my mind, minor. best buy has been a grit extensive learning company. >> they have an awful say and they are a failing company because they have an awful business model. a big box model selling electronics that can be bought elsewhere does not have a future that is viable. >> although the geek squad, great idea, but if you've ever tried t