男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

WORLD> America
Circuit City files for bankruptcy protection
(Agencies)
Updated: 2008-11-10 23:00

NEW YORK -- Circuit City Stores, the nation's second-biggest electronics retailer, filed for bankruptcy protection Monday but will stay open for business as the holidays approach.


A Circuit City store is seen in 2003 in North Miami, Florida. After weeks of high volatility, Wall Street may find next week's quiet macroeconomic calendar the perfect opportunity to regroup and plan for the final stretch of the dangerous year. [Agencies]

Related readings:
 Lehman files for bankruptcy
 One third of S. Korean manufacturers face bankruptcy
 
Iceland teeters on the brink of bankruptcy

It filed under Chapter 11 of the bankruptcy code, which will allow it to hold off creditors and continue operations while it develops a financial reorganization plan.

The Richmond, Va.-based retailer has been struggling as nervous consumers spend less and credit has become tighter. The announcement came a week after it said it would close 20 percent of its stores and lay off thousands of workers.

The company said it decided to file because it was facing pressure from vendors who threatened to withhold products during the busy holiday shopping season.

Circuit City said it had secured $1.1 billion in loans to provide working capital while it is in bankruptcy.

It had $3.4 billion in assets and $2.32 billion in liabilities, as of Aug. 31.

Circuit City Stores Inc. announced a week ago it planned to close 155 of its more than 700 US stores by Dec. 31. The stores are spread throughout 28 states, including multiple locations in areas like Phoenix and Atlanta. It is laying off about 17 percent of its domestic work force, which could affect up to 7,300 people.

主站蜘蛛池模板: 龙山县| 安龙县| 正镶白旗| 诸暨市| 浦东新区| 平湖市| 广丰县| 元谋县| 夹江县| 呼玛县| 册亨县| 陵水| 麻江县| 遵化市| 桂阳县| 泰和县| 泸水县| 营口市| 高密市| 恩平市| 福贡县| 玉树县| 林甸县| 南漳县| 石屏县| 区。| 康平县| 遂川县| 厦门市| 阿拉善盟| 盘锦市| 黔南| 文水县| 朝阳市| 东丽区| 朝阳区| 嘉定区| 兴安盟| 桦川县| 海淀区| 镇雄县|