Circuit City files for Chapter 11 bankruptcy - Nov. 10, 2008
Circuit City Stores, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year.
Washington Mutual files for Chapter 11 bankruptcy [...]
11/16/2008
Watch out for these store money cards and gift cards…and credit slips.
Stores that informed the Security Exchange of closing plans between October 2008 and January 2009….
Circuit City stores… most recent (how many?)
Ann Taylor - 117 stores nationwide are to be shuttered
Lane Bryant,, Fashion Bug, and Catherine’s to close 150 store nationwide
Eddie Bauer to [...]
NEW YORK (MarketWatch) — Circuit City Stores on Monday said it filed for protection from its creditors under Chapter 11 of the U.S. bankruptcy code. The Richmond, Va. company said it negotiated a commitment for $1.1 billion in debtor financing. “(The) company intends to build on recent efforts to streamline the company and create a [...]
HOT STOCKS TO WATCH: Circuit City, 3Com, ImClone
Last Update: 9/23/2008 7:41:08 AM
By Dow Jones
Among the companies whose shares are expected to see active trade in Tuesday’s
session are Circuit City Stores Inc. (CC), 3Com Corp. (COMS) and ImClone Systems
Inc. (IMCL).
3Com jumped 11% in late trading as the networking-equipment maker swung to a
fiscal [...]
HBK Investments LP, Circuit City Stores Inc.’s (CC) largest shareholder, on
Monday urged the consumer-electronics retailer to allow due diligence by
Blockbuster Inc. (BBI) in connection with the video chain’s acquisition proposal.
The Dallas hedge fund also urged Circuit City’s board to create a competitive
bidding process in order to maximize shareholder value, saying the firm itself
might be prepared [...]
J.P. Morgan downgrades Blockbuster
Growing doubts over prospective Circuit City deal as ‘game changer’
By David B. Wilkerson, MarketWatch
Last Update: 5:15 PM ET Apr 15, 2008
CHICAGO (MarketWatch) — J.P. Morgan’s Barton Crockett added his voice Tuesday to
the chorus of analysts expressing concern about Blockbuster Inc.’s offer to buy
electronics retailer Circuit City Stores Inc.
Crockett downgraded Blockbuster (BBI) to [...]
Blockbuster might find ‘convergence’ doesn’t pay
Commentary: Video rental chain’s merger with Circuit City would still fall short
By Therese Poletti, MarketWatch
Last Update: 12:02 AM ET Apr 15, 2008
SAN FRANCISCO (MarketWatch) - Blockbuster Inc.’s unsolicited offer to buy
struggling Circuit City Stores Inc. was panned from Wall Street to Hollywood as
financially risky and poorly timed, but the proposed [...]
Among the companies whose shares are expected to see active trade in Monday’s
session are Wachovia Corp., Deutsche Bank AG, Circuit City Stores Inc. and
Philips Electronics NV.
Wachovia Corp. (WB) announced it will raise $7 billion in capital through stock
sales and cut its dividend by 41%, a consequence of its ill-timed move into
becoming a major mortgage player, [...]
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