Thursday, February 05, 2015

Radio Shack files for chapter 11 bankruptcy



This AP wire story reports that electronics retailer Radio Shack has filed for Chapter 11 Bankruptcy protection. They say they will be selling up to 2,400 stores.

The New York Stock Exchange suspended trading and sought to delist it. The company has not turned a profit since 2011 and operates 5,500 stores and employs 27.500 people worldwide.

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