
Blockbuster
Bankruptcy filing: 2010
Much was made late last year about Blockbuster's flameout, though the "B" word had been thrown around by the video rental chain as far back as February 2010. That month, in what would be a harbinger for the nightmarish two years to follow, Blockbuster announced it would cease operations in Portugal, blaming Internet piracy for its failings in the European nation. Of course, there would be any number of reasons for the Texas-based franchise's demise — stronger competition from on-demand services, personified best by Netflix — and by Sept. 23, 2010, when Blockbuster officially filed for Chapter 11 bankruptcy protection, the chain had mounting losses and some $900 million in debt. Blockbuster stayed open while under bankruptcy, ultimately finding a buyer in Dish Network last April, though Dish's CEO Joseph P. Clayton admitted in January that many stores will still close, as planned.
Have your say
How many credit cards should one person have?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 73 %Just one. Credit cards should only be used for emergency situations.
11,624 votes - 16 %As many as you can. Credit cards are a great way to make purchases and get great rewards.
2,600 votes - 11 %None. You should never buy anything on credit.
1,723 votes
Total Responses: 15,947
Not scientifically valid. Results are updated every minute.
May 21 (Bloomberg) -- Oklahoma City Police Sergeant Jennifer Wardlow talks about the damages caused by a mile-wide tornado and the rescue operation. ... More May 21 (Bloomberg) -- Oklahoma City Police Sergeant Jennifer Wardlow talks about the damages caused by a mile-wide tornado and the rescue operation. The tornado slammed into suburbs south of Oklahoma City as watches for destructive storms an...
Date 5 hrs ago, Duration 2:32, Views 69
Video by: Bloomberg | Visit Bloomberg.com
Money videos
-
Market Sense - Part Two: Mining for Gold Miners [05-17-13 5:10 PM]
Date 13-05-17 6:54Tooltip Information:
Market Sense - Part Two: Mining for Gold Miners [05-17-13 5:10 PM]Video by:Description: We mine the markets for gold miners with Pawel Rajszel, Equity Analyst, VeritasRating: 4Views: 2887 -
Coping with a shrinking population in Detroit [05-17-13 1:00 PM]
Date 13-05-17 8:37Tooltip Information:
Coping with a shrinking population in Detroit [05-17-13 1:00 PM]Video by:Description: How have other American cities managed land use with a shrinking population? BNN asks Justin Hollander, Assistant Professor of Urban and Environmental Policy and Planning, Tufts University and author of "Sunburnt Cities: The Great Recession, Depopulation and Urban Planning in the American Sunbelt."Rating: 5Views: 491
-
Top Picks: Rocky Mountain Dealerships, Cervus Equipment Corp., Westernone ...
Date 13-05-17 6:01Tooltip Information:
Top Picks: Rocky Mountain Dealerships, Cervus Equipment Corp., Westernone [05-17-13 4:30 PM]Video by:Description: Tom Varesh rates companies that lease and sell agricultural and construction equipment.Rating: 4Views: 473 -
Outlook for Junior Miners With Gold Below $1,400 [05-17-13 11:40 AM]
Date 13-05-17 5:32Tooltip Information:
Outlook for Junior Miners With Gold Below $1,400 [05-17-13 11:40 AM]Video by:Description: Fresh from the McEwen Mining AGM, Rob McEwen sits down with BNN to discuss hte outklook for gold and what's next for junior miners.Rating: 4Views: 343










