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RadioShack files for Chapter 11 bankruptcy

After years of struggling to adapt to the digital era, RadioShack on Thursday filed for Chapter 11 bankruptcy.Under the agreement, hedge fund Standard General will purchase up to 2,400 of RadioShack’s stores.  Of the stores purchased by Standard General, wireless carrier Sprint will establish a “store within a store” model in up to 1,750 of them.  The company plans to close the rest of the stores that it owns, which currently number 4,000.Read full article >>
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