KB Toys has returned to Chapter 11 bankruptcy, says the Wall Street Journal, and will be liquidated by its parent company — Prentice Capital Management.
“Going out of business” sales will begin quickly at the chain’s 277 retail outlets, 40 larger KB Toy Works stores, 114 outlet stores and 30 temporary “holiday stores.”
The WSJ says the [...]
Merrill Lynch & Co. chief John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered securities firm’s compensation committee is resisting his request, according to people familiar with the situation.
The committee and full board are scheduled to meet Monday to hear Mr. Thain’s formal [...]
Apple’s iPhone man-in-waiting, Mark Papermaster, has filed a countersuit against his former employer in a dispute over a noncompete agreement.
InformationWeek spotted the court documents filed late Thursday in federal court in New York claiming that IBM’s noncompete agreement with Papermaster shouldn’t apply to his potential employment at Apple, since the two companies are not competitors [...]
High returns prompts retailer to drop Linux machine
Carphone Warehouse is to stop selling one of their Linux netbooks after the return rates went through the roof. The Elonex Webbook, which ships with Ubuntu, was taken back to the shop by 20 per cent of purchasers. Contrary to some reports, the laptops are not being ‘recalled.’
It [...]
While researching an antivirus article here at Maximum PC, we noticed something very curious: a Google AdWords link called “Antivirus xp 2008,†which led to the url “antivirus-world-2009.com.†(Don’t go there)
Anyone who’s been paying attention during the last year or so know that “Antivirus xp 2008″ is the name of one of the most widespread [...]
Is there a difference between a Sony TZ ultraportable laptop and an Asus Eee PC? Reader Ignacio bought Best Buy’s accidental damage protection plan for his $2200 Sony TZ laptop, and when he did, indeed, drop it — Best Buy threatened to replace it with a $600 Asus Eee PC, and finally decided to issue [...]
General Motors’ October U.S. sales plunged 45 percent, and Ford’s and Chrysler’s weren’t far behind, as low consumer confidence and tight credit combined to bring the industry’s sales to an “unsustainably weak level” that is the worst in 25 years.
Automakers sold 838,156 vehicles in October, 32 percent fewer than the same month last year and [...]
I’ve read some bad Best Buy stories in my time here at The Consumerist, but this one really takes the asshole cake. To sell its special HDTV calibration service, this Best Buy in NC set up two identical model HDTVs, both showing ESPN. As seen in the picture tipster Robert took, the “calibrated” one is [...]
A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan from the Federal Reserve.
The news comes as New York Attorney General Andrew Cuomo on Wednesday told the insurance giant to do away [...]
General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.
Separately, Ford Motor Co, plans to sell shares from its [...]