You know times are hard when giant companies start to trim down their operational costs by laying off workers, or even worse, closing down stores. Circuit City Stores, Inc., is one of them.

A total of 155 Circuit City stores that are underperforming and deemed to be unable to fit in with the company’s overall strategy will be closed, and these identified stores are located across 55 US media markets. The list of closing stores are available here.

These impacted stores will begin to offer closing sales a day after, and these sales will run until the current calendar year is over, or they have nothing else left to sell – whichever comes first.

Press Release

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The heads of Panasonic and Sanyo Electric have agreed in principle to a deal that would see Panasonic take over Sanyo, three people familiar with the matter said Sunday.

Acquiring Sanyo would put Panasonic in a leading position in the global market for rechargeable batteries, which is expected to grow strongly as the use of portable electronic devices and hybrid or electric vehicles expands.

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