bbi

Most companies are close to death when they receive a "going concern" letter from their accountants. The missive means that there is a great deal of risk that the firm will not be in business in a year. Blockbuster (BBI) recently got its letter. In its 10-K, the company said that "While we believe...

There have been rumors that Blockbuster (BBI) might have to file for Chapter 11. That speculation has been put to rest for now. The movie rental chain is in the midst of cutting costs by closing stores and renegotiating leases. But the company's model of renting movies is outdated and it is hard to...