RadioShack's recent bankruptcy filing means that it has to close nearly 2,000 stores and sell off many of its assets. Some of those assets are to be expected, like trademarks and store leases. But other assets might come as a shock to consumers — assets like personal customer information and email addresses.
It's a dark day for Lord of the Rings necklace collectors and elaborate pet furniture enthusiasts everywhere. This morning, SkyMall's parent company, Xhibit Corp. (different Xzibit) has filed for bankruptcy. Let's take a moment of silence for the garden bigfoots that may never be.
Detroit outlines a plan to get itself out of debt, salt shortages are making a snowstorm near you even worse, and another week of violence is igniting in Kiev. It's this week's look at What's Ruining Our Cities.
Some good news: the Los Angeles Times is reporting that Atari Inc. is filing for Chapter 11 bankruptcy protection, which could see the retro computer game company live on.
Once the darling of the photography world, long-time film maker Kodak is close to filing for bankruptcy, according to the WSJ.
After admitting that their PowerBalance bracelets are worthless pieces of plastic in Australia, the company has officially filed for Chapter 11 bankruptcy protection in the United States following a class action suit filed in a Los Angeles' federal court.
The much-documented decline of Blockbuster is drawing to a halt earlier than expected, with key people involved in the movie business touting a bankruptcy notice for the big blue just next month.
Apparently Veoh Networks, an online video company vaguely similar to YouTube, has "laid off its workforce yesterday and is expected to file for Chapter 7 bankruptcy protection."
As part of their bankruptcy filings, Hackintosh maker Psystar declared that they owed Apple $75,000 for something or other.
Psystar—those guys who were pilfering software from the Hackintosh project to run Mac OS X in blah PC hardware—has filed for Chapter 11. Good riddance, is all I can say. Although this may be a shady legal strategy on their part.
You can blame it on the grim economy, or you can blame it on the fact that Ugobe's entire business depended on plush robotic dinosaurs. Either way, the Pleo has antagonized its last Labrador.
Get it? Shuttering? Developing? Oh, right, hundreds of Ritz employees are losing their livelihoods, and towns across the country are being deprived of their last standalone camera shop. This is actually extremely sad.
The cable company (which you may be using RIGHT NOW), had $21.7 billion worth of debt at the end of 2008. BILLION. That's not good. If you have a choice, you may wanna switch carriers. [NYT]