LA Times: Circuit City to close remaining 567 stores in U.S.
I didn’t know that they where official closeing all doors, but It looks like we can say goodbye to Circuit City.
Bankrupt Circuit City Stores Inc. said Friday it was closing its 567 U.S. electronics stores and leaving its 34,000 employees jobless as the nation’s employment picture grew bleaker.
It was the worst day this year for news of layoffs, bank losses and store closings, and employers signaled more bad news ahead.Car rental firm Hertz Global Holdings Inc., oil producer ConocoPhillips, chip maker Advanced Micro Devices Inc. and health insurer WellPoint Inc. all announced workforce reductions of 1,000 positions or more. And big cutbacks are expected soon at GE Capital Corp., drug maker Pfizer Inc. and media company Clear Channel Communications Inc.
Also Friday, two of the nation’s biggest banks said they lost money in the last three months of 2008. Bank of America Corp. said it lost $2.6 billion; Citigroup Inc. reported an $8.3-billion loss.