Full FeedLiberty Media steps in to save Sirius XM, loans them $530 million
Just last week it appeared like a bankruptcy was the inevitable for satellite provider Sirius XM, but how quickly things can change. Liberty Media Corporation has just stepped in and saved them with a loan for a whopping $530 million. The loan will be given in two parts with the… Continue Reading »
Sirius XM preparing for potential bankruptcy
New reports are claiming that Sirius XM is “within days” of filing for Chapter 11 bankruptcy. According to a New York Times report, the company is currently “working with advisers to prepare for a possible bankruptcy filing.” So, as of now, they are considering the option, which means they have… Continue Reading »
Circuit City liquidation sales surpass expectations
It seems as though you have to go out of business these days to make any money. The companies hired to liquidate Circuit City’s remaining stock announced today that sales have reached an astounding $450 million over the past two weeks. They expect that the liquidation sales will end sooner… Continue Reading »
“Set your guns to liquidate” - Circuit City
Circuit City officially announced today that they are moving to request the court’s permission to liquidate. The company was still employing over 30,000 in the US and hopefully, many of them saw the writing on the wall. Today’s announcement isn’t that much of a surprise. The company filed for bankruptcy… Continue Reading »
Circuit City Update: Company up for sale, possible liquidation after Jan. 16
The bricks and mortar retail giant that once was - Circuit City - announced Chapter 11 bankruptcy protection back in November. Now, the company has issued an update stating that they are putting themselves up for sale as a “going concern” - meaning the company will continue to operate as… Continue Reading »
Circuit City files for Chapter 11, bankruptcy protection
Just last week, Circuit City announced plans to close a fifth of its stores. This morning, they just filed for Chapter 11 protection in the U.S. Bankruptcy Court. The petition for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia, listed $3.4 billion in assets and $2.32 billion in… Continue Reading »
Satellite Radio in Trouble
Satellite radio took a hit this past week as WorldSpace filed for Chapter 11 bankruptcy. Only two weeks ago, both Chief Operating Officers resigned. WorldSpace is a subscription-based service that broadcasts news, sports, music and educational programming to over 150,000 people. They charge $5.00 - $10.00 per month for their… Continue Reading »
Will Helio be the next MVNO to join the dead pool?
It is looking like Helio customers may soon be making their monthly payments to Virgin Mobile. Recent reports coming from a Helio “tipster” are claiming that we can expect to see some of their corporate stores and kiosks begin to close very soon. It has also been mentioned that Helio… Continue Reading »
Experience what it’s like to download at unlimited speeds from a massive collection of over 800 Terabytes of user uploads. You’ll max out your Internet connection downloading a file in… Continue Reading »
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Black Friday 2009
Black Friday is almost here! Gadgetell's got you covered with all the latest news on who's offering the best deals. Dangerous crowds? You're on your own.
Palm Pre Information & Updates
Palm just introduced their next-gen smartphone, the Palm Pre, and next-gen operating system, Palm webOS. Gadgetell's got the latest Pre and webOS information and news for you right here.
