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When RadioShack went bankrupt, it put shoppers' data up for sale alongside its brand name and stores. Well, Apple isn't happy with that data scattering to the four winds -- it's joining AT&T and other objectors by filing a motion to block attempts to sell customers' information. The Cupertin...

May 14th 2015 at 4:57pm 0 Comments
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As expected, RadioShack filed for Chapter 11 bankruptcy today. The electronics store has had 11 unprofitable quarters in a row that apparently even Weird Al and a drone, concept stores and Arduinos couldn't turn around. We've seen many electronics retailers fade out over the last few years, but mo...

February 5th 2015 at 7:17pm 0 Comments
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When a company files for Chapter 11 bankruptcy, it means that it's mere moments away from being torn to pieces by its creditors. That particular regulation also provides room for a turnaround, but given that the Supreme Court has essentially made its business model illegal, it's not looking good f...

November 21st 2014 at 7:39am 0 Comments
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For a company that's obsessed with secrecy, it's no surprise to see that Apple imposes tight restrictions on what its suppliers can say. If your company leaks a product, or starts boasting about producing components for a future iOS device, then you'll be asked to pay a fine of no less than $50 mi...

October 13th 2014 at 11:23am 0 Comments
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Re/Code is reporting that GT Advanced Technologies, the company Apple tapped to begin looking into making device screens from synthetic sapphire, is requesting court permission to close its plant in Arizona. This comes days after the surprise announcement that GT had filed for Chapter 11 bankruptcy...

October 10th 2014 at 1:15pm 0 Comments
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Veteran Japanese developer Westone Bit Entertainment is facing bankruptcy after nearly 30 years of operation, Game Watch Impress reports (via Sega Nerds). After debuting in 1986 with its landmark arcade side-scroller Wonder Boy (later adapted for the 8-bit Nintendo Entertainment System as Hudson's...

October 2nd 2014 at 10:00pm 0 Comments
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First, one of the world's largest Bitcoin exchanges went dark, then it filed for bankruptcy, suffered further hacking attacks and even faced a lawsuit. Now Mark Karpelès, Mt. Gox's CEO, tells the Wall Street Journal that he's liquidating what's left of the company assets to make ends meet....

June 27th 2014 at 6:24pm 0 Comments
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More than 30 employees have left Crytek UK since work began on Homefront: The Revolution in 2011, Eurogamer reports. The high turnover is due to staff being paid late numerous times, and the list of those who've left includes key art, design and programming employees, the site says. Crytek UK Manag...

June 24th 2014 at 1:30pm 0 Comments
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The Mt. Gox Bitcoin exchange may still be reeling from the botnet discovery that ruined its business, but it just got a big reprieve. A US court has approved Mt. Gox's Chapter 15 bankruptcy protection, preventing creditors who sued the company from seizing any American assets (including servers) o...

June 17th 2014 at 7:29pm 0 Comments
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A Japanese court-appointed administrator is now in control of Mt. Gox following an unsuccessful attempt to save the business. The Bitcoin exchange filed for bankruptcy in February after losing 850,000 Bitcoins, though it later found around a quarter of them. That's still a $340 million loss at cur...

April 16th 2014 at 8:29am 0 Comments