bankruptcy News

Blockbuster’s future up for auction

The fate of Blockbuster is now up for auction. On Monday Blockbuster’s next owner, and future, will be decided. According to Reuters, it’s possible that a new owner could close the video rental …

Nokia Siemens to acquire Nortel's LTE and CDMA assets

Canada-based Nortel, once North America’s largest telecommunications equipment manufacturer, filed for bankruptcy in January 2009 after a turnaround effort failed. As part of its bankruptcy proceedings, Nortel will sell its LTE and CDMA …