© Reuters. FILE PHOTO – People wait in line to shop at Best Buy on during a sales event on Thanksgiving day in Westbury, New York

(Reuters) – Electronics retailer Best Buy Co Inc (NYSE:) on Tuesday said it had suspended its relationship with online child-care marketplace operator Care.com Inc.

“We have suspended our relationship with Care.com as we do a thorough review of both the program and the company,” Best Buy spokesman Jeff Shelman said in a statement. “We remain committed to providing affordable back-up childcare to our employees.”

A spokesman for Care.com did not immediately return a message seeking comment.

Care.com shares were last down 9.5 percent in heavy-volume trading. The development between the companies was reported earlier in a research note from Wall Street firm BTIG, which lowered its rating on Care.com as a result.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-04-02