Circuit City will allow Blockbuster and its largest shareholder, Carl Icahn, to look into the company's finances in connection with the video rental company's proposed buyout offer. Circuit City also revealed that it has hired Goldman Sachs to help the company look into strategic alternatives to bui...
Verizon announced the latest addition to its line of touch-screen mobile phones Thursday. The Glyde from Samsung, available Friday, offers many features that have gained popularity following the introduction of Apple's iPhone. The Glyde joins the LG Voyager and Venus and the Samsung Instinct in a gr...
Well, Blockbuster has finally done it. After years of simply copying the Netflix business practices, it's definitely done something that Netflix is probably never going to do -- offer to buy Circuit City. I find Blockbuster's actions to be confusing and inconsistent. In their last quarterly call, Bl...
In a surprise move that could reshape the consumer electronics and movie rental industries, Blockbuster went public Monday with an offer to pay as much as $1.3 billion to acquire Circuit City. Blockbuster announced that it made the offer to Circuit City directly on Feb. 17 but went public with it be...
Cyber Monday lived up to and even exceeded its much-hyped advanced billing, with U.S. consumers setting a new spending record on the unofficial kickoff to the online holiday shopping season. ComScore data show U.S. shoppers spent $733 million online on Monday, a 21 percent increase when compared wit...
Web portal Lycos has released its eighth annual list of the Top 50 most popular holiday season toys and games, and already a few online sales trends are becoming apparent in the realm of consumer electronics. The quality of video games continues to improve along with the increasing capabilities of ...
Consumers who thought Christmas would be the perfect time to join in on the hottest craze in video game consoles could be disappointed, according to Reggie Fils-Aime, president of Nintendo of America. The supply for Wiis will remain tight for the holiday season, he said. Extremely high demand for th...
Sony Computer Entertainment America executives finally have something to celebrate. Newly released sales data show the company's beleaguered PlayStation 3 gaming platform saw a significant jump in sales for the month of June. Sony was not the only winner last month, according to tracking firm NPD Gr...
Sony has no plans to cut the price of its PlayStation 3 consoles, Sony President Ryoji Chubachi reportedly said, despite hints from the electronics giant that it might do so in order to rev up disappointing sales figures. The price point for the PS3 has long been seen as a sticking point for greater...
Shares of Best Buy slid by more than 5 percent Tuesday after the electronics retail giant posted lower earnings and moderated its outlook for the rest of the year, citing a less profitable mix of hot-selling products. Best Buy's profit for its first quarter was $192 million, or 39 cents per share, 1...
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