Highlights
A collection of news and information related to Blockbuster Incorporated published by Tribune Company sources.
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Circuit City posts bigger 2nd-quarter loss, withdraws fiscal 2009 forecast amid tough economy
RICHMOND, Va. (AP) _ Circuit City Stores Inc. said Monday its second-quarter loss widened, and the nation's second-largest consumer electronics retailer withdrew its fiscal 2009 outlook amid sluggish sales, poor traffic and heightened competition....Tags: Mergers, Acquisitions and Takeovers, Quarterly or Semiannual Financial Statements, Corporate Officers, The Goldman Sachs Group Incorporated, Consumer Electronics Industry
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Circuit City has bigger 2Q loss, withdraws outlook
Associated Press WriterCircuit City Stores Inc. withdrew its outlook for the full year and posted a wider second-quarter loss Monday as it looks toward a holiday shopping season which has even the least vulnerable retailers worried. Shares in the nation's second-largest...Tags: Corporate Officers, Consumer Electronics Industry, New Products, Inventories, Quarterly or Semiannual Financial Statements
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Circuit City seeks jolt as embattled CEO departs
Associated Press WriterA change at the top may not be enough to jump-start Circuit City Stores Inc., after the head of the nation's No. 2 consumer electronics retailer abruptly resigned amid plummeting stock prices and calls for his ouster. Four months ago, Chief Executive...Tags: J.P. Morgan Chase & Co., National Government, Mergers, Acquisitions and Takeovers, Corporate Officers, The Goldman Sachs Group Incorporated
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Earnings Preview: Circuit City Stores Inc.
Associated Press WriterCircuit City Stores Inc. reports earnings for its fiscal second quarter Monday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The Richmond, Va.-based consumer electronics retailer has said it...Tags: National Government, Mergers, Acquisitions and Takeovers, Corporate Officers, Consumer Electronics Industry, Marketing
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Circuit City CEO resigns amid troubles
Associated Press WriterThe chief executive at Circuit City Stores Inc. stepped down Monday and was replaced by a board member appointed to defuse a fierce proxy battle as the struggling electronics retailer steps up its turnaround effort. Philip J. Schoonover, Circuit City'...Tags: National Government, Mergers, Acquisitions and Takeovers, Corporate Officers, The Goldman Sachs Group Incorporated, Management Change
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Blockbuster shows loss as revenue rises
Associated PressBlockbuster Inc. suffered another loss in the second quarter, but the struggling movie rental chain showed signs of progress by wringing more revenue from its stores while lowering its costs. Heartened by its rising sales, Blockbuster modestly raised its...Tags: New York, Mergers, Acquisitions and Takeovers, El Segundo, Dynegy Incorporated, Satellite Technology
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Stocks of local interest in the news
Boeing Co. Friday close: $66.92, down 11.75 percent for week Goldman Sachs Group last week cut its rating for Boeing shares from "neutral" to "sell" on concern that surging fuel prices and a weakening economy will slow orders. JetBlue Airways and other...Tags: Mergers, Acquisitions and Takeovers, The Goldman Sachs Group Incorporated, Darden Restaurants, JetBlue, Boeing Co.
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Internet not likely to shut video rental stores just yet
Los Angeles Times Staff WriterWill Internet movie services ever replace the neighborhood video store? In the long-term future -- long-term being relative, considering how swiftly technological advances are changing our lives -- we won't move many muscles to acquire the films we...Tags: Netflix Inc., Amazon.com Inc., Bob Greene, Hollywood (Los Angeles, California), Online
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Digital media won't be a sideshow in the future
Los Angeles Times Staff WriterToday's puny sales of movie and TV downloads makes one wonder: Why are striking members of the Writers Guild of America so intent on getting a cut of Internet profits? Only about $20 million worth of movies were sold online last year, according to...Tags: Amazon.com Inc., Consumer Electronics Industry, Internet, RealNetworks Incorporated, NBC
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Blockbuster Offers to Buy Circuit City
Blockbuster Inc. said Monday it has offered to pay more than $1 billion for struggling Circuit City Stores Inc., but the nation's second biggest consumer electronics chain questioned whether the movie-rental company can finance the deal.
Blockbuster...Tags: Shareholders, New York, Netflix Inc., Mergers, Acquisitions and Takeovers, Stock Market
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Exec comp skyrockets: Half make more than $8.3 million a year
The Associated PressA new Associated Press calculation shows that compensation for America's top CEOs has skyrocketed into the stratospheric heights of pro athletes and movie stars: Half make more than $8.3 million a year, and some make much, much more. CEOs of companies in...Tags: Yahoo! Inc., Microsoft Corp., Pfizer Incorporated, Corporate Officers, Mutual Funds
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The week ahead
Chicago TribuneMonday: -- Earnings: Brocade Communications Systems Inc.; Ceradyne Inc.; DTE Energy Co.; Entertainment Properties Trust; Forest Oil Corp.; Marvel Entertainment Inc.; Nordstrom Inc.; United Rentals Inc.; Washington Group International Inc.; XM Satellite...Tags: Newspapers, Pall Corporation, Eaton Vance Corporation, EchoStar Communications Corporation, CenterPoint Energy Incorporated
Sep 29, 2008
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Sep 29, 2008
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Sep 26, 2008
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Aug 8, 2008
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Jun 29, 2008
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|Story| South Florida Sun-Sentinel
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