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RadioShack+seeks+rescue+and+warns+of+bankruptcy
Saturday, 13 September 2014 - 12:41
RadioShack seeks rescue and warns of bankruptcy
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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 percent on news that bailout talks were still progressing.

RadioShack reported a loss of 137 million dollars in the second-quarter.
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