Once the darling of the photography world, long-time film maker Kodak is close to filing for bankruptcy, according to the Wall Street Journal. More »
After admitting that their PowerBalance bracelets are worthless pieces of plastic in Australia, the company has officially filed for Chapter 11 bankruptcy protection in the United States following a class action suit filed in a Los Angeles’ federal court. More »
The recent collapse into administration of Redgroup, which runs the Borders and Angus & Robertson chains in Australia, pretty much sucked for book lovers of all stripes. But here’s a tiny glimmer of hope: 25 franchise A&R stores say that they want to dump the brand and act as independents. More »
Yesterday over in the US, Borders filed for bankruptcy. Through what can be seen as coincidence or providence, the company behind the Australian bookstores Borders and Angus & Robertson, RedGroup Retail, has today been placed in voluntary administration. Fortunately, Kobo have assured that all eBooks purchased through the companies are safe. More »
Shed a few tears over Blockbuster’s demise? You’re not alone. But don’t worry, there is a glimmer of hope, with its CEO promising that stores performing well might stay open. More »
The much-documented decline of Blockbusterin the US is drawing to a halt earlier than expected, with key people involved in the movie business touting a bankruptcy notice for the big blue just next month. More »
Apparently Veoh Networks, an online video company vaguely similar to YouTube, has “laid off its workforce yesterday and is expected to file for Chapter 7 bankruptcy protection”. More »
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 »
