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Circuit City Stores (CC) NewsBite - Circuit City Tumbles after BBI Drops Bid

Circuit City Stores Inc. (CC) opened at 2.22. So far today, the stock has hit a low of 2.10 and a high of 2.27. CC is now trading at 2.18, down 0.37 (-16.67%). The stock hit its 52 week high of 15.33 in July and set its 52 week low of 2.10 today. CC has been moving downwards for the past year. Circuit City Stores shares have been taking a hit after Blockbuster Inc. (BBI) withdrew its bid for the company, citing "market conditions." In April, Blockbuster had offered to buy Circuit City for at least $6 a share, or more than $1 billion. Technical indicators for the stock are bearish and steady while S&P gives CC a neutral 3 STARS (out of 5) hold rating. We will just watch this one for now. There are no trades that we like for CC. [RHF - Seven Summits Strategic Investments NewsBite]

Hull City v Bristol City - Championship play-off final - preview

Take a deep breath. Brace yourself. Hull City are going in for the kill. MOE SZYSLAK provides the City Independent preview ahead of the winner takes all Wembley play-off final with Bristol City that leads to the Premier League...

Circuit City Honors 'Best in Class' Vendors

RICHMOND, Va., May 21 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. today honored vendors who put customers first while demonstrating "best in class" performance with the sixth annual Circuit City Vendor Recognition Awards. The awards are split into two categories: merchandising vendor excellence and supply chain vendor excellence. The 13 vendors chosen for the 2007 Merchandising Vendor Excellence Award have shown a commitment to Circuit City and its customers by focusing on the growth of the business relationship, supply chain performance, product profitability and year-over-year impact on Circuit City's revenue. The 27 vendors honored with the 2007 Supply Chain Excellence Award have maintained consistent delivery performance in a flexible consumer environment, allowing for a reduction in cost of the supply chain while ensuring pro

The Radio City Christmas Spectacular Starring The Rockettes DVD Available for the First Time

FAIRFAX, Va. (Business Wire) -- One of the greatest and most beloved American holiday traditions, the Radio City Christmas Spectacular Starring The Rockettes, will be available on DVD for the first time on November 4th. Two titans of entertainment, Time Life and Madison Square Garden Entertainment, are partnering to bring this national treasure and American icon to fans everywhere. The DVD will afford viewers the opportunity to enjoy the cherished holiday show from their own homes as the world-famous Radio City Rockettes perform on the Great Stage of Radio City Music Hall. The Christmas Spectacular is America's #1 Holiday show and has played to more than 65 million people in its 76 year history. In 2008, more than 1.2 million fans will attend the New York City production and an additional 1 million patrons are expected to see the debut of

Circuit City Opens Its Books to Blockbuster

Circuit City, the electronics retail chain, has effectively put itself up for sale. Circuit City announced today that it has hired Goldman Sachs & Co to help explore strategic alternatives, and would allow the video rental company Blockbuster to examine its books in its unsolicited takeover bid to acquire Circuit City.

Scottsdale City Council Approves Scottsdale Public Art Program's Proposed Soleri...

Scottsdale City Council Approves Scottsdale Public Art Program's Proposed Soleri Bridge and Plaza SCOTTSDALE, Ariz.--(Business Wire)-- Scottsdale Public Art announces today the long-awaited downtown pedestrian bridge and plaza designed by famed architect Paolo Soleri will move forward this fall/winter, following the Scottsdale City Council's final approval Tuesday of a new budget. The City Council earlier this year unanimously endorsed funding the bridge in the final version of the 2008-09 budget. Tuesday's vote means the remaining $1.7 million for the project is officially in place and construction can begin fall/winter 2008. Scottsdale Public Art Program has funded $1 million for the project and an additional $500,000 funding is from developer, Starwood Capital Group and Golub & Company, which has also pledged another $1 million in art

VW Beetles a dying breed in Mexico City

MEXICO CITY, June 8 (UPI) -- Using Volkswagen Beetles as taxis in Mexico City will soon give way to mandatory 4-door cabs, city officials say.

Circuit City Schedules June 19 Earnings Call

June 11, 2008 (FinancialWire) Circuit City Stores, Inc. (NYSE: CC) (Current Market Cap: US$ 708.93 Mil.) plans to report its results for the quarter ended May 31 on June 19. The company plans to host a conference call at 10: 00 a.m. ET that day. The call will be available via dial-in or webcast from the company s site. A replay will be available through June 26. A replay will also be available on the Circuit City investor information home page. Richmond, Virginia-based Circuit City Stores is a specialty retailer of consumer electronics and related services. At May 31, the firm s domestic segment operated through 687 Superstores and nine outlet stores in 158 U.S. media markets. At May 31, the company s international segment operated through 775 retail stores and dealer outlets in Canada.

Circuit City CEO Received $2.1M In 08

May 30, 2008 (FinancialWire) The chief executive of Circuit City Stores (NYSE: CC) (Current Market Cap: US$795.02 Mil.) received compensation in fiscal 2008 valued by the company at about $2.1 million. Other companies in CC's sector include Best Buy Co. Inc. (NYSE: BBY), Dell Inc. (NASDAQ: DELL), and Wal-Mart Stores Inc. (NYSE: WMT). Philip J. Schoonover received far less than the $17.1 million from 2007, mostly because he was granted stock and options worth $16 million from his promotion to CEO in March 2006 In 2008 Schoonover received about $900,000 plus $994,000 in stock and options and $178,105 in other compensation. In fiscal 2008, Circuit City reported a loss of $319.9 million, or $1.95 per share. Circuit City was enrolled in Investrend Research affiliate ValuEngine's professional analyst program.

Paris Plans Art Center in Old City Morgue

PARIS—The city of Paris will transform the site of the former city undertaker into a public cultural center, reports Le Monde via Artforum. The approximately 380,000-square-foot complex, at 104 rue d’Aubervilliers in the city’s 19th arrondissement, will be inaugurated on October 11.

Blockbuster Looks At Circuit City's Books; Ditches Acquisition Offer

We were one of a very small number of people who actually saw some logic behind Blockbuster bidding for Circuit City -- though, it seemed unlikely that Blockbuster viewed the purchase in the same way we did. Most people assumed (probably correctly) that Blockbuster didn't really have much of a plan at all, other than to merge the two struggling companies and have an even bigger mess on their hands. Blockbuster has now withdrawn the offer to buy Circuit City, gamely claiming that it has to do with "market conditions" and a better understanding of just how awful Circuit City's books appear to be. That's press release talk. What's more likely is that Blockbuster realized that everyone was right: it would screw up the merger and make a bad situation worse.

Blockbuster backs out of Circuit City offer

Video retailer Blockbuster tonight said it has withdrawn its offer to buy Circuit City. The company provides few details as to the reason for its sudden exit but says that a combination of "market conditions" and the process of due diligence, or examining the health of Circuit City as a business, have led it to believe that a takeover of the electronics chain is not in its best interests. Blockbuster still argues that the idea of unifying media and electronics under one name but that it will have to do so through its own stores rather than Circuit City's locations.

US: Blockbuster Drops Bid For Circuit City

Blockbuster Inc has dropped its $1.35bn bid for Circuit City Stores, saying the move was prompted by a closer look at the electronic retailer’s books. Blockbuster Chairman and CEO Jim Keyes noted, “Based on market conditions and the completion of our initial due diligence process, we have determined that it is not in the best interest of Blockbuster's shareholders to proceed with an acquisition of Circuit City”. The news sent shares of Circuit City plummeting 14% in trading after the close of US markets.

Klipsch and Energy Audio Products To Arrive in Stores and Online at Circuit City

RICHMOND, Va., June 18 /PRNewswire-FirstCall/ -- Klipsch Group, Inc. and Circuit City Stores, Inc., today announce that Circuit City will be introducing a superior selection of home audio equipment, including products offered under the Klipsch and Energy brands in all of Circuit City's nearly 700 stores nationwide and online at

Blockbuster Withdraws Proposal to Acquire Circuit City

Dallas-based Blockbuster Inc. announced Tuesday the withdrawal of its proposal to acquire Richmond, Va.-based Circuit City Stores Inc. Jim Keyes, Bockbuster chairman and CEO, said the company decided not to proceed with the acquisition "based on market conditions and the completion of our initial due process." He also said the proposition was not in the best interest of Blockbuster's shareholders. In response to the withdrawal, Philip Schnoonover, chairman, president and CEO of Circuit City, has said that "The board's review was not dependent on Blockbuster's participation." Circuit City is still exploring strategic alternatives, but will not disclose more information until the board approves a course of action.

Take a deep breath. Brace yourself. Hull City are going in for the kill. MOE SZYSLAK provides the City Independent preview ahead of the winner takes all Wembley play-off final with Bristol City that leads to the Premier League...

All my life I've been searchin for somethin' Somethin' never comes, never leads to nothin' Nothin' satisfies, but I'm gettin' close Closer to the prize at the end of the rope

The Tigers banish 104 years of being in the football wilderness to crush Watford and take their place at Wembley for the first time in their history. NATIONAL TIGER reports on a legendary night for Hull City...

Forgive me, I'm going to gush for a moment... WOW! Hull City are going to Wembley! That's right! 104 years of pain, misery, never reaching the top flight, not winning silverware, being the biggest footballing city in the continent never to, blah, blah... NOT ANYMORE! City are going to Wembley to fight for the Premier League!

Eye-Fi Expands Service with Adobe Photoshop Express and Nikon's My Picturetown and Announces Nationwide Retail Availability at Circuit City

MOUNTAIN VIEW, Calif., July 22 /PRNewswire/ -- Eye-Fi Inc., makers of the world's first wireless memory card for digital cameras, today announced new online photo sharing partnerships with Adobe and Nikon and its first nationwide retailer Circuit City. Images stored on Eye-Fi Cards will now wirelessly upload to Adobe(R) Photoshop(R) Express and Nikon's my Picturetown, enabling consumers to easily get their digital memories to destinations that provide a rich photo editing, sharing and storing experience. In addition, Eye-Fi Cards are now available at each of Circuit City's more than 600 retail stores nationwide and on the Circuit City Web site. "Expanding our partnerships to include more interactive sites is important to digital photo enthusiasts and to Eye-Fi," said Jef Holove, CEO of Eye-Fi.

Oslo city plans to build new Munch Museum and city library

Oslo - The city of Oslo was slated to expand its collection of cultural buildings including a new museum to host works by Norwegian artist Edvard Munch, officials said Wednesday.

Oslo city plans to build new Munch Museum and city library

Oslo - The city of Oslo was slated to expand its collection of cultural buildings including a new museum to host works by Norwegian artist Edvard Munch, officials said Wednesday. Pending approval by parliament, the new Munch Museum would be completed by 2014 - to commemorate the 200 anniversary of the Norwegian constitution signed May 17, 1814.

Tourist Tracks launches MP3 Walking Tour of Ely

Visitors to Ely can now enjoy a walking tour of the city and its cathedral using their very own iPod or MP3 player. Tourist Tracks has added Ely to its growing portfolio of destinations in the UK featuring a downloadable MP3 walking tour. The Ely tour pack contains two tours - one of the city and one of the interior of the cathedral (a separate entrance fee is payable). The city tour is a 60-minute stroll giving visitors the opportunity to discover the history behind the city's name, its origins as an island and walk along the banks of the River Ouse.

Efforts to 'Save the Flame' at KC's National World War I Museum Heat Up

Pioneer Services Leads Effort, Challenges Others, to Keep Flame Lit Atop Liberty Memorial KANSAS CITY, Mo.--(Business Wire)-- Since its completion in 1921, the Liberty Memorial has been a Kansas City landmark, overlooking the downtown skyline. But recent funding issues have forced the flame sitting atop the 217-foot tower to be extinguished except on special holidays. The annual cost to keep the flame burning is estimated to be $45,000 by officials at the National World War I Museum. After an article in the Kansas City Star highlighted the funding issue and efforts by community activists to raise awareness, Pioneer Services, a Kansas City-based company, stepped up with an initial $5,000 donation to keep the flame burning until July 4. The company is also challenging other local businesses, individuals, and groups to donate to the cause by

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