Topic: Blockbuster Inc.
Blockbuster shares plunge on bankruptcy warning
AFP Global Edition
Blockbuster shares plunged nearly 30 percent on Wednesday after the heavily indebted movie rental chain said it may be forced to declare bankruptcy. Shares in Blockbuster, which has been struggling to keep pace with rivals Netflix and Amazon, shed 29.18 percent on Wall Street to close at 28 cents ...
Blockbuster down 35% on "going concern"language (BBI)
AlphaNinja
Shares of Blockbuster (BBI) are off about 35% today, after the company used the dreaded "going concern" language in a 10k filing yesterday.
We incurred a net loss from operations in the year ended January 3, 2010 and have a stockholders’ deficit as of January 3, 2010. In ...
Summary Box: Blockbuster shares down after warning
AP News
Summary Box: Shares of Blockbuster tumble after bankruptcy warningTHE WARNING: Blockbuster Inc. says in a regulatory filing that it may have to file for Chapter 11 bankruptcy protection. THE REASON: Competition from DVD-by-mail company Netflix Inc. and DVD vending machines operated by Coinstar Inc. has eroded Blockbuster's revenue. THE ...
Blockbuster shares tumble after bankruptcy warning
AP News
Shares of Blockbuster tumble after warning it may need to file for bankruptcy protectionShares of Blockbuster Inc. sank 30 percent Wednesday after the video rental chain warned that it may have to file for Chapter 11 bankruptcy protection. Competition from DVD-by-mail company Netflix Inc. and DVD vending machines operated by ...
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