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Circuit City Goes Bankrupt

Just last week Circuit City announced the closing of 155 stores which meant 155 fewer music stores.  Today the retailer filed for Chapter 11 bankruptcy protection.  According to the Associated Press:

Bankruptcy Could Still Be On E*Trade's Table

As I write this, E*Trade's stock isn't doing too terribly; after months of losing value, it's actually up 1.33 percent so far today.  But there's word that, contrary to earlier statements, the company may still be considering a declaration of bankruptcy.