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Blockbuster should liquidate instead of reorganize under new ownership because the video-rental store chain lacks the necessary cash to continue operations after a proposed sale is completed, Home Media Magazine reported, citing a division of the U.S. Justice Department.

Continue reading Blockbuster Should Liquidate Instead of Reorganize

Blockbuster Should Liquidate Instead of Reorganize originally appeared on DailyFinance on Wed, 02 Mar 2011 15:43:00.

Filed Under: Company News, Media, Netflix, Blockbuster, Retail

Blockbuster should liquidate instead of reorganize under new ownership because the video-rental store chain lacks the necessary cash to continue operations after a proposed sale is completed, Home Media Magazine reported, citing a division of the U.S. Justice Department.

Continue reading Blockbuster Should Liquidate Instead of Reorganize

Blockbuster Should Liquidate Instead of Reorganize originally appeared on DailyFinance on Wed, 02 Mar 2011 15:43:00.

Filed Under: Company News, Media, Netflix, Blockbuster, Retail

Nope, Angelo Mozilo won’t be serving time, no matter what the evidence shows. In fact, he won’t even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so easy? The answer lies in the revolving door between Wall Street and its “regulators.”

Continue reading Justice Denied: Why Countrywide Chief Fraudster Mozilo Isn’t Going to Prison

Justice Denied: Why Countrywide Chief Fraudster Mozilo Isn’t Going to Prison originally appeared on DailyFinance on Wed, 23 Feb 2011 09:50:00.

Filed Under: Columns, Economy, People, Investing, Market News

Credit card companies are seeking to delay enforcement of lower limits on so-called “swipe fees.” If successful, the postponement will cost customers and retailers more than $1 billion a month.

Continue reading Credit Card Companies Lobby Congress to Roll Back Reforms

Credit Card Companies Lobby Congress to Roll Back Reforms originally appeared on DailyFinance on Thu, 17 Feb 2011 17:30:00.

Filed Under: Company News, American Express, Credit, MasterCard, Visa

The clock is ticking for U.S. regulators to decide whether to sue Google to prevent its announced $700 million merger with ITA Software, the maker of the largest airfare-pricing platform. Google last month invoked a legal provision that gives the Justice Department 30 days to make a decision.

Continue reading Will Google’s ITA Merger Fly with U.S. Regulators?

Will Google’s ITA Merger Fly with U.S. Regulators? originally appeared on DailyFinance on Fri, 14 Jan 2011 18:30:00.

Filed Under: Company News, Technology, Expedia, Google