Sunday, January 18, 2009

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Circuit City closing

Circuit City has pulled the plug on its hopes for a turnaround. The ailing retailer, the nation's second-largest seller of consumer electronics, said Friday it will begin liquidating all of its 567 U.S. stores, sending as many as 34,000 workers to unemployment lines by March.

Lower-priced songs from iTunes? There's a catch

While some songs will be 30 cents cheaper, popular songs likely will be marked up to $1.29. That price breaks a psychological $1 barrier and prepares consumers for a new strategy by labels to bundle songs, videos and other exclusive content together â€" all in the hopes of reversing years of falling music sales.

New Yahoo CEO seen as key to resurrecting Microsoft deal

Other bold moves that Carol Bartz could make include buying AOL from Time Warner Inc. or spinning off Yahoo’s Asian assets.

Hedge funds, unhinged

Kenneth C. Griffin, who built the Citadel Investment Group into one of the largest hedge funds ever, was riding on top of the world until last summer. He has since seen the value of his funds plunge by roughly $10 billion â€" one of the biggest amounts lost in the hedge fund carnage last year. “It’s part of capitalism,” he says.

Mini of Charleston racing squad looks mighty fast in first races of 2009

Road course drivers in a region that includes South Carolina opened 2009 with a testy ride on a remodeled track. But that didn’t thwart the locally-based Mini of Charleston racing team, which would chalk up a key win at Sebring International Raceway in Florida.

The Post and Courier

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