Circuit City files for Chapter 11 bankruptcy protection!
NEW YORK -
November 10, 2008 - Circuit City Stores has filed for bankruptcy, about a week
after it said it would close 20 percent of its stores.
NEW YORK -
November 10, 2008 - Circuit City Stores has filed for bankruptcy, about a week
after it said it would close 20 percent of its stores.
FRANKFURT,
Germany - November 10, 2008 - Deutsche Post AG will close all of its DHL
Express service centers, cut 9,500 jobs in the United States, and eliminate
U.S.-only domestic shipping by land and air, the company said Monday, citing
heavy losses and fierce competition.
SHREVEPORT,
Louisiana - November 7, 2008 – In order to keep from sinking, the United States
Postal Service is considering cutting thousands of jobs nationwide. Lavelle
Pepper with the post office in Shreveport says they too are feeling the affects
of the same disease hitting the country... a struggling economy. "We lost
2 billion dollars and like any other business we have to stay afloat. We employ
about 685,000 people. If we do layoffs it would include clerks, carriers, and
mail handlers across all crafts."
WASHINGTON - November 6, 2008 - The
number of out-of-work Americans continuing to draw unemployment benefits has
surged to a 25-year high, while shoppers turned extra frugal, further proof of
the damage from sinking economy, credit problems and financial stresses.
NEW YORK - November 6, 2008 - The
nation's retailers saw their sales plummet last month to the weakest October
level since at least 1969, as the financial crisis and mounting layoffs left
shoppers too scared to shop.
RICHMOND, Virginia - November 3, 2008 - Electronic retailer
Circuit City plans to shutter 20 percent of its U.S. stores by December 31 and
evaluate other cost reduction initiatives, it announced today, citing waning
consumer confidence and the struggling financial markets.
DELRAY BEACH, Florida - November 1,
2008 - Consumers may be cutting back on going out to eat and buying new
clothes, but at the Delray Shooting Center off Linton Boulevard, guns remain
good as gold.