If you have a BlackBerry and want to hop onto Facebook, soon you’ll have to go through the social media company’s website instead of an app: like WhatsApp before it, Facebook is giving up on BlackBerry and will be dropping support for the devices. [More]
the end of the road?
Bankrupt American Apparel Turns To Same Hedge Fund That Helped RadioShack
At first glance, American Apparel and RadioShack don’t seem to have much in common: one uses provocative advertisements to sell leggings, T-shirts and other clothing items, while the other focuses more on the sale of wireless and electronic products. Unfortunately, the things the two companies do have in common aren’t so great: both have suffered through years of slumping sales that eventually led them to, separately, file for bankruptcy protection. And that means they could soon share a common hero in hedge fund Standard General. [More]
American Apparel Files For Bankruptcy Protection
Two months after American Apparel admitted it didn’t have enough financing to continue operations for another year, the retailer says things haven’t gotten better and it’s filed for Chapter 11 bankruptcy. [More]
There Are Two Things That Could Stop The Comcast/TWC Merger, And We Might Get Both
Update: Comcast is reportedly planning to back out from the merger deal as early as tomorrow in the face of the likely opposition from both the FCC and Justice Department. [More]
More Signs That AT&T Could Pull Out Of Deal To Purchase T-Mobile
While AT&T has publicly said it is considering ways to restructure its plan to purchase T-Mobile USA for $39 billion will end the Justice Dept.’s suit to block the merger — and the FCC’s plan to put up regulatory speed bumps — a news report claims that there are new signs that the Death Star may be looking to retreat. [More]