GameWorld

Some of you may have already heard reports last month about Circuit City closing 150 of its stores. Well, now it's officially. The company filed for Chapter 11 bankruptcy protection.
Word is: "The chain sought Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia, today after suppliers concerned about declining sales at almost 1,500 U.S. and Canadian stores cut off credit and demanded up-front cash for shipments. The company owes $119 million to Hewlett-Packard Co., the world's largest maker of personal computers, and $116 million to Samsung Electronics Co., the top maker of flat-panel displays, according to a filing."
Read the full story over at Bloomberg.com.