Circuit City will close March 8th

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Circuit City will close all of its remaining stores on March 8th. This will mark the end of a consumer era as a major electronics chain will vanish from the retail space. Regardless...

Midway Games files for bankruptcy

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On Thursday, Midway Games filed for a chapter 11 bankruptcy, which means it will still plans to stay in operations and not liquidate its stock, to ward off creditors. The company is unlikely to...

Sirius XM prepares for bankruptcy

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The recently merged company between Sirius Satellite Radio, and XM Satellite Radio, have merged into Sirius XM, but along with the merge, came a massive debt that neither company was able to cover. The...

Novell wants SCO's bankruptcy protection lifted

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Last week Novell filed a motion requesting that the court lift SCO's bankruptcy stay so that Novell can obtain UNIX licensing royalties wrongfully retained by SCO. Novell has also filed a motion requesting that SCO...

SCO Group files for bankruptcy

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The SCO Group Inc., licenser of the Unix operating system, filed for bankruptcy protection Friday, drained by unsuccessfully filing lawsuits claiming its software code was misappropriated by developers of the open-source Linux operating system. The...

Acclaim files for bankruptcy

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Following weeks of intense speculation, it seems that the end is finally nigh for Acclaim, after the publisher/developer filed for Chapter 7 bankruptcy at the US Bankruptcy Court in Central Islip, New York. US news...

Acclaim warns of possible bankruptcy

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After reporting a $25.4 million loss in its last quarter, the troubled publisher reveals it must find new financing by August. Today, Acclaim released its earnings for the financial year ending March 31,...

WorldCom files for bankruptcy protection

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WorldCom on Sunday filed Chapter 11 bankruptcy protection in the largest U.S. insolvency after the long-distance telephone and data services company buckled under a $3.85 billion accounting scandal and a mountain of "junk-rated" debt. ...

Napster files bankruptcy

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Saw this over on Slashdot, everyone say aaah... Napster, the embattled Internet music upstart which has been offline since July 2001, said Monday it has filed for bankruptcy protection. The...

Dialpad files for bankruptcy, gets new funding

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Dialpad Communications Inc., a provider of voice over IP (VoIP) services, filed for Chapter 11 bankruptcy protection Friday but said it has received new funding from one of its original investors to finance its reorganization....

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