Richmond, Va. - One week after announcing plans to close 155 stores, consumer electronics retailer Circuit City Stores on Monday filed for Chapter 11 bankruptcy protection. [more..]

Los Angeles - Video rental giant Blockbuster plans to rollout a consumer set-top box in time for the holiday shopping season that will deliver movies over the Internet to televisions via its acquired Movielink service, Home Media Magazine reported. [more..]

San Francisco - A federal judge has ordered Apple's new head of engineering for its iPhone and iPod teams, Mark Papermaster, to cease working for the company while the court examines whether his employment at Apple violates a competition clause in the contract with his former employer, IBM, Reuters reports. [more..]

Santa Monica, Calif. - Video game publisher Activision announced on Monday that it has acquired Iowa City, Iowa-based developer Budcat Creations. [more..]

New York - Lifetime Networks announced on Monday its acquisition of Roiworld.com, a Korean casual games and virtual dress-up site for teens. [more..]

Los Gatos, Calif. - Imageshack, a provider of free and premium image and video hosting services for consumers, has raised $15 million in new financing from Sequoia Capital, VentureBeat reported, citing "a reliable source." [more..]

New York - Digital advertising firm Miva announced on Monday that it has entered into a credit facility for up to $10 million with Bridge Bank. [more..]

New York - AdMeld, a provider of online advertising optimization and integration services, announced on Monday that it has raised $7 million in first round funding from Spark Capital and the Foundry Group, and named Michael Barrett as its chief executive. [more..]

Mountain View, Calif. - Keystream on Monday launched its Web video ad insertion service, and announced a new round of financing from Voyager Capital and angel investors. [more..]

Redwood City, Calif. - One True Media, a provider of online tools that consumers can use to edit together photos and videos, has called down $8 million of a $10 million second round of funding, PEHub.com reported, citing a regulatory filing. [more..]

The Obama Administration should foster and encourage a more open, public-interest oriented policy process that aspires to more than simply splitting the difference between entrenched economic interests, blogs Paul Sweeting. [more..]

New York - PC and peripherals maker Dell has abandoned plans to launch a digital music player in time for the holiday shopping season, the Wall Street Journal reported, citing a person familiar with the matter. [more..]

Mountain View, Calif. - Sonal Shah, who works on global development for Google's philanthropy division, Google.org, has been named to the transition team of President-elect Barack Obama, according to CNET News.com. [more..]

Los Angeles - Hollywood movie studio MGM announced on Monday that it has launched a channel on YouTube that features full-length streaming movies and TV shows. [more..]

Dallas - AT&T on Monday released a public beta version of VideoCrawler, its new video search engine developed in collaboration with Divvio. [more..]

Dallas - Restaurant chain Pizza Hut on Monday announced the launch of a digital music promotion with eMusic, which will offer 75 free song downloads to customers at PizzaHut.com through Dec. 27. [more..]

New York - Sirius XM Radio said on Monday that it has extended its relationship with automaker BMW through September 2011. [more..]

New York - Brightcove, the provider of an online video distribution platform to media companies, announced on Monday that Conde Nast Publications will use its platform to launch ad-supported video initiatives across its various websites. [more..]

Chicago - Video game publisher Midway Games announced on Monday that Shari Redstone, daughter of Viacom head Sumner Redstone, has resigned as chairman of the company. [more..]