What happens when your business is declining with no end in sight? Panicked dealmaking, selling new stock to raise cash, laying off employees, and everything else in the parade of corporate horribles.
Best Buy
Jim Young / Reuters
If any company seems poised to begin a death spiral, it's Best Buy. For many, its only purpose is to figure out what to buy with free shipping and lower prices on Amazon. But it appears that, for now, the company is turning around: The retailer has dramatically cut costs and recorded its best quarterly earnings in two years. But the last decade has been cruel on single-serving retailers like the now shuttered Circuit City, Borders, and Tower Records. Best Buy is surviving...for now.
Office Depot and OfficeMax
Mike Blake / Reuters
