Since RadioShack finally declared bankruptcy last month, the assumption has been that Standard General, a hedge fund that has lent the Shack large amounts of money for its failed comeback attempt, would win the bankruptcy auction. They would buy 1,700 or so of the stores that are left, along with RadioShack’s brand. Now a different lender has joined the bidding, but claims that the auction favors Standard General. [More]
Fans of Caribou Coffee might want to start loading up on caffeine now, as the Minnesota-based company confirmed today that it’s closing down 88 locations around the U.S. A further 80 will undergo a rebranding makeover and re-emerge as Peet’s Coffee & Tea sometime in the next year or so. [More]
What the heck, did you guys strike early, and target the wrong wireless carrier? The day before the possibly-ill-conceived “Operation Chokehold” is supposed to bring AT&T’s wireless network to a standstill, T-Mobile steals all the bad press by going out this evening across large parts of the Southeastern US and Puerto Rico.
Update: Immediately after posting this, T-Mobile announced the service was back up.