Best Buy Names CEO as Board Battles Founder Schulze

Aug. 20 (Bloomberg) -- Bloomberg's Julie Hyman reports that Best Buy Co. named a new chief executive officer and sparred with founder Richard Schulze, who is trying to acquire the electronics retailer to take it private. Hubert Joly, CEO of hotel operator Carlson Cos., will takeover in September, replacing interim CEO Mike Mikan in a move that signals Best Buy plans to keep operating as a private company. She speaks on Bloomberg Television's "Market Makers."
Disney's TV Musical 'Descendants' Stars Cuddly Villains
24:35 - Disney’s latest TV musical, “Descendants,” stars the children of some of its legendary lowlifes like Cruella de Vil. The movie debuts on the company’s namesake cable channel July 31. Bloomberg's Scarlet Fu has more on "Bloomberg Markets." (Source: Bloomberg)
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