Richmond, Va. - Unable to secure either a buyer or additional funding, consumer electronics retailer Circuit City (NYSE: CC) on Friday reached a deal to liquidate the remaining merchandise at its 567 U.S. stores. "We are extremely disappointed by this outcome," said James Marcum, the vice chairman and acting president and CEO of Circuit City. "The company had been in continuous negotiations regarding a going concern transaction. Regrettably... we were unable to reach an agreement with our creditors and lenders."

Richmond, Va. - Two months after filing for Chapter 11 bankruptcy protection, consumer electronics retailer Circuit City Stores revealed that it is in "significant" talks with two "highly motivated and interested parties."

Richmond, Va. - One week after announcing plans to close 155 stores, consumer electronics retailer Circuit City Stores (NYSE: CC) on Monday filed for Chapter 11 bankruptcy protection. The company said that it plans to continue operating under a $1.1 billion debtor-in-possession credit facility -- which will allow it to pay vendors and other business partners -- while working to restructure its operations.

Richmond, Va. - Facing mounting red ink and evaporating consumer confidence, consumer electronics retailer Circuit City Stores (NYSE: CC) said on Monday that it plans to close 155 stores, or more than a fifth of all of its locations.

Richmond, Va. - Circuit City Stores (NYSE: CC), the troubled consumer electronics retailer, said that it has received a warning from the New York Stock Exchange (NYSE) that its stock has fallen out of compliance with market rules.

Las Vegas - Martin Cooper and Donald Linder, developers of the world's first cell phone, were among 12 prominent industry leaders who have been inducted into the Consumer Electronics Hall of Fame, the Consumer Electronics Association (CEA) announced.

Dallas - Expanding distribution for its nascent broadband and digital TV service, AT&T (NYSE: T) announced on Tuesday that it will begin offering U-verse at more than 600 Circuit City and Wal-Mart (NYSE: WMT) retail locations this month. The deals are the first major national retail partnerships for U-verse, which AT&T expects to be in more than 1 million homes by the end of 2008.

Richmond, Va. - Troubled consumer electronics retailer Circuit City Stores (NYSE: CC) said that Philip Schoonover has resigned as its chairman, president and CEO.

Dallas - Blockbuster (NYSE: BBI) announced on Wednesday that it has decided to withdraw its $1 billion-plus bid to acquire electronics and media retailer Circuit City (NYSE: CC), citing market conditions. "Based on market conditions and the completion of our initial due diligence process, we have determined that it is not in the best interest of Blockbuster's shareholders to proceed with an acquisition of Circuit City," said Blockbuster chairman and CEO Jim Keyes. "We continue to believe in the strategic merits of a consumer retail proposition that would bring media content and electronic devices together under one brand.

So is a deal between Blockbuster and Circuit City getting more likely, or less? Hard to tell, exactly. Things looked grim yesterday, after analysts said Circuit's ugly first-quarter numbers, reported last week, could lead Blockbuster to dial back its $6-$8 a share bid for the floundering electronics chain, which caused CC shares to dive more than 20%. This morning, however, the company said it had agreed to add three new members to its board hand picked by activist investor Mark Wattles. Wattles, who once built Hollywood Video into Blockbuster's largest competitor, has been an outspoken proponent of a deal with his formal rival, which would seem to make a deal more likely. Wattles, in fact, said three potential suitors, presumably including Blockbuster, are looking through CC's books and that a deal would be announced probably within a month.

Richmond, Va. - One month after revealing an unsolicited $1 billion takeover bid from Blockbuster (NYSE: BBI), consumer electronics retailer Circuit City (NYSE: CC) said on Friday that it will open its books to the video rental giant in preparation for a potential acquisition.

Richmond, Va. - In an aggressive move to expand beyond movie rentals, Blockbuster (NYSE: BBI) on Monday said that it has made an unsolicited $1 billion takeover bid for Circuit City Stores (NYSE: CC), the Virginia-based nationwide electronics retailer. Blockbuster said that it originally made the offer two months ago in a letter to Philip Schoonover, the chairman and CEO of Circuit City, but decided to make the news public because it "believes the shareholders of Circuit City should have the opportunity to participate in determining the destiny of the company."

Washington - The Federal Communications Commission (FCC) has levied a total of $6 million in fines against many of the top electronics retailers in the U.S., for violating rules on labeling analog televisions they sell to inform consumers the devices will not be able to receive digital signals after the switch to digital broadcasting next February. The FCC levied fines against retailers including Sears ($1.1 million), Wal-Mart ($992,000), Circuit City ($712,000), Target ($296,000) and Best Buy ($280,000).

Richmond, Va. - Electronics and media retailer Circuit City announced on Friday that it has partnered with Napster to offer a new digital music service on its website. Powered by Napster, the Circuit City + Napster service on CircuitCity.com will cost $14.95 per month and provide unlimited access and transfers to portable devices. The companies are offering a free month of service and five free downloads to new subscribers. Circuit City, which operates 655 U.S. stores, will also offer pre-paid download cards in-store and online.