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Circuit City Files for Bankruptcy |
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The economic downturn is turning rampant and its latest victim is none other than Circuit City. The company has already announced measures to trim their workforce a couple of weeks back in order to stay afloat in the economic turmoil.
However, just last week, key decision makers pulled the plug and file for bankruptcy for the company. This would affect 155 stores that they have nationwide and not to mention countless of people loosing their jobs overnight.
I just wonder would there be a billionaire tycoon who wants to take over Circuit City and make it a profitable business?
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