|
Share |
Circuit City Goes Bust
Posted on Nov 10, 08 08:38 AM PDT
Looks like the recession has claimed its latest victim in Corporate America - and this time round, the victim is Circuit City Stores Inc. who has just filed for bankruptcy. In their Chapter 11 petition, Circuit City Stores Inc. listed up to $3.4 billion in assets and $2.32 billion in liabilities, more than halving its share value before the New York Stock Exchange intervened and halted trading. The company is currently in debt to Hewlett-Packard Co. ($119 million) and Samsung Electronics Co. ($116 million), although they do have the benefit of court protection. Another one bites the dust - who dares to venture who is next?
Source: Link | Add Comment | Tags:
Your Comments
Comments will be published immediately if you use a Disqus, Facebook or Twitter account. Anonymous comments will be moderated.
Featured Posts
Top Stories
North Paw anklet points to the north
Hap.tickle Greeting dress
Google flexes muscles against social networks
RFID record player
Sportpong - game while you sweat
PFU Systems prototype dual display kiosk
Pregnancy simulator to prepare future nurses
PrePeat printer goes green
Xbox Live for first-gen Xbox to cease
Advertisement
