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Sept 12- RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy.
A close look at RadioShack's business, what realistically can save the retailer, with Larry Perkins, SierraConstellation Partners CEO.
Autozone Inc. fell $3.24 or. 6 percent, to $527.09. Bed Bath& Beyond Inc. rose$. 01 or percent, to $65.26. Best Buy rose $1.02 or 3.1 percent, to $33.52.
Autozone Inc. fell$. 48 or. 1 percent, to $529.86. Bed Bath& Beyond Inc. fell$. 01 or percent, to $65.24. Best Buy rose$. 78 or 2.4 percent, to $33.28.
NEW YORK— RadioShack's credit rating was downgraded by Fitch Ratings Friday, a day after the electronics retailer warned it may need to file for Chapter 11 bankruptcy protection. Fitch said cut RadioShack's issuer default rating one notch to "C'' from" CC, "which puts the retailer's credit rating one level above default.
Autozone Inc. rose $2.97 or. 6 percent, to $530.33. Bed Bath& Beyond Inc. fell$. 44 or. 7 percent, to $65.25. Best Buy rose$. 19 or. 6 percent, to $32.50.
Launched in 2006 to a flurry of media coverage, the Mountain View, California- based company seemed to have every strategic advantage: millions in startup cash, celebrity endorsements, and a chief executive married to one of the co-founders of Google. RadioShack warns of possible Chapter 11 bankruptcy.
Stocks cut losses to close mixed on Thursday as geopolitical tensions lingered ahead of consumer data.
RadioShack reported Q2 earnings showing a 20 percent drop in same-store sales. CNBC's Herb Greenberg shares his opinions on the company's press release.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AK Steel Holding Corp. rose 3.3 percent to $9.38 with 47,215,000 shares traded. Bank of America Corp. rose 1.3 percent to $16.57 with 104,661,900 shares traded.
Autozone Inc. rose $3.35 or. 6 percent, to $530.71. Bed Bath& Beyond Inc. fell$. 13 or. 2 percent, to $65.56. Best Buy fell$. 08 or. 2 percent, to $32.23.
Despite refreshed stores and updated products, RadioShack has failed to get the message out to shoppers that things are different.
NEW YORK, Sept 11- Shares of Five Below, Men's Wearhouse and Restoration Hardware were lower on Thursday following results and forecasts. Shares of Restoration Hardware were down 2.8 percent, a day after it cut its full-year sales forecast. Five Below shares were down 0.9 percent after it said it expects current-quarter sales to be flat to slightly positive.
Autozone Inc. fell$. 72 or. 1 percent, to $526.64. Home Depot Inc. fell$. 42 or. 5 percent, to $88.83. Lowe's Cos. fell$. 42 or. 8 percent, to $52.97.
RadioShack reported its tenth straight quarterly loss and said it was in advanced talks with a number of parties to raise capital.
The theory is that Alibaba is such a gigantic offering that it is reducing interest in other IPOs anywhere on or near the horizon.
Sept 11- Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy protection if its cash situation worsens, after reporting its tenth straight quarterly loss.
FORT WORTH, Texas— RadioShack Corp. on Thursday reported a fiscal second-quarter loss of $137.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share. Analysts expected $742.1 million, according to Zacks.
Stock index futures pointed to a weaker open on Wall Street after President Barack Obama announced new plans to fight Islamic State militants.
NEW YORK, Sept 11- JDS Uniphase and Lululemon Athletica Inc were among the biggest premarket movers on Thursday, with both companies moving on heavy volume and on track for their biggest one-day jumps in years.