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Best Buy cancels investors meeting in NYC after East Coast storm

Best Buy CEO Hubert Joly will not be outlining his turnaround strategy with investors on Thursday in New York, Reuters reports. The Richfield-based consumer electronics retailer has canceled the meeting with Wall Street analysts while the East Coast recovers from Hurricane Sandy. A new date for the meeting has not been set.
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Best Buy CEO Hubert Joly will not be outlining his turnaround strategy with investors on Thursday in New York, Reuters reports. The Richfield-based consumer electronics retailer has canceled the meeting with Wall Street analysts while the East Coast recovers from Hurricane Sandy. A new date for the meeting has not been set.

Last week, Best Buy gave a dismal preview of its third-quarter figures and announced two more top executives are leaving the struggling company.

Next month, Best Buy’s founder and largest shareholder Richard Schulze is expected to submit a takeover proposal.

CEO Joly took over as chief executive officer in early September.

Click here, to follow Best Buy's stock performance.

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