Circuit City Stores to liquidate as no agreement reached
US based electronics retailer Circuit City Stores has announced that they have failed to reach a deal to sell the company.
Circuit City would now liquidate and shut down their stores in the country.
This is likely to help rivals gain more market share in these tough economic times. [...]

Philip Schoonover no longer the CEO of Circuit City
Circuit City has announced that their Chairman, Chief Executive and President Philip Schoonover has agreed to resign from his positions in the company.
This decision is applicable with immediate effect.
Vice President of the company James Marcum would take over his position on interim basis.
Circuit City is struggling to [...]