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.
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.
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.
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]
Blockbuster’s reportedly hired a firm to explore bankruptcy options, mulling whether or not they should declare bankruptcy or restructure or both. [Dallas News]
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.
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.
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.
One of the nation’s largest rebate processing firms, CPG (RebateStatus.com) has filed for Chapter 11 bankruptcy protection. What does that mean for you? Well, if you happened to mail-in a rebate form with a company that CPG works with, your cheque may be in limbo because they don’t have the money to cash it. At this point, exactly how the situation will be handled is unclear—but there are a few things you can do to get things under control. Dealnews is recommending that anyone who has a rebate cheque or is expecting one not cash it because it may bounce and result in an NSF fee. Instead, you should hang on to it until more details become available (this goes for rebates that have not been submitted as well). If you are not sure whether or not your rebate is involved, a partial list of affected companies is available after the break.
