Best Buy is pulling out of a big joint venture in Europe. The company is selling back its 50 percent stake in the mobile phone retailer Carphone Warehouse, at a significant loss.
Best Buy is pulling out of a big joint venture in Europe. The company is selling back its 50 percent stake in the mobile phone retailer Carphone Warehouse, at a significant loss. - 

Best Buy is pulling out of a big joint venture in Europe. The company is selling back its 50 percent stake in the mobile phone retailer Carphone Warehouse, at a significant loss.

Marketplace's Stephen Beard joins Morning Report host Jeremy Hobson to explain why the company is pulling back and whether it represents a trend of U.S. companies retreating from Europe.