RADIOSHACK SEEKS RESCUE AND WARNS OF BANKRUPTCY (STA BREAKING NEWS and ARCHIVES)

by STANews , Thursday, September 11, 2014, 21:37

US electronics retailer RadioShack has said that it is in talks to restructure the firm but warned that if an investment is not secured soon, it could be forced to declare bankruptcy.

The chain has struggled to offload its costly real estate portfolio, even as it has shuttered stores.

Shares in the firm surged more than 18% on news that bailout talks were still progressing.

RadioShack reported a loss of $137m (£84m) in the second-quarter.

SHORT, MORE...

http://www.bbc.com/news/business-29166750