Minneapolis-St. Paul

A parts supplier that declared bankruptcy after it was found to have overcharged Best Buy by nearly $6 million has been purchased at auction... by Best Buy.

Ultimate Electronics is aiming to move into bigger stores in at least one market, moving into a former Circuit City in Burnsville, Minn., outside Minneapolis-St. Paul.

Best Buy and Ultimate Electronics have agreed to settle their legal differences after Best Buy had sued its rival over claims made in advertisements.

Target, after years in New York's outer boroughs, will open its first store in Manhattan this month,

Penetration of HDTV in U.S. homes has reached nearly 25 percent while doubling from a year ago. That's according to figures released last week by Nielsen Co., and cited by MediaWeek.

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