bankruptcy

Computers

Psystar Emerges From Bankruptcy With New Product, Same Insane Resolve

10:30PM John Herrman | In what is probably the most surprising non-celebrity-death story in weeks, recently bankrupt Psystar—surly makers of all things hackintosh—is now claiming to be ready for a comeback, with a new product in tow. This makes very little sense. More »
Business

Psystar Files for Bankruptcy

3:46AM Jesus Diaz | Psystar—those guys who were pilfering software from the Hackintosh project to run Mac OS X in blah PC hardware—has filed for Chapter 11. Good riddance, is all I can say. Although this may be a shady legal strategy on their part. More »
Business

Ugobe Folds, Pleo Goes the Way of the Dinosaur

6:08PM John Herrman | You can blame it on the grim economy, or you can blame it on the fact that Ugobe’s entire business depended on plush robotic dinosaurs. Either way, the Pleo has antagonised its last Labrador. More »
Business

Ritz Camera Shuttering Nearly Half Their Stores

10:15PM John Herrman | Get it? Shuttering? Developing? Oh, right, hundreds of Ritz employees are losing their livelihoods, and towns across the country are being deprived of their last standalone camera shop. This is actually extremely sad. More »
Business

Circuit City Stores to Close Forever on March 8th

11:40PM Mark Wilson | Liquidators who are squeezing the last life blood out of Circuit City announced that all remaining stores will close by the end of the business day on March 8th. Farewell old acquaintance. [BusinessWire] More »
Business

Blockbuster Hires Firm, Thinks About Bankruptcy

5:58AM Jason Chen | Blockbuster’s reportedly hired a firm to explore bankruptcy options, mulling whether or not they should declare bankruptcy or restructure or both. [Dallas News] More »
Business

Sirius XM Gets Bailed Out By Owners of QVC, Avoids Bankruptcy Scare

1:54AM John Mahoney | Liberty Media (proud owners of Starz, QVC and a 48% chunk of DirecTV) made a last-minute deal with Sirius XM, whose impending bankruptcy would have been the second biggest Chapter-11 filing this year. More »
Business

Sirius XM Is Going Bankrupt

8:18AM Matt Buchanan | I hope you are carrying an umbrella because dead satellites are going to rain our heads: Satellite radio Frankenstein XM Sirius is preparing “a possible bankruptcy filing.” All that for bankrupcty? [NYT - Thanks Ponies!] More »
Business

Circuit City Closeout Deals Aren’t Deals At All

3:50PM Wilson Rothman | Those poor saps who bumrushed Circuit City this weekend thinking they’d save money on a TV were paying more—before sales tax—than at most online stores, according to HDGuru and our own quick survey. More »
Business

Circuit City Trying to Sell, Liquidation Possible After January 16th

6:00AM Sean Fallon | Ever since Circuit City filed for bankruptcy protection in November, everyone has been wondering how long they would hang on. Today they clarified their present situation, indicating that liquidation is possible after January 16th. More »