Circuit City Receives a Lifeline

Circuit City is not going down without a fight. Just a day after filing chapter 11 bankruptcy, Bank of America comes to the rescue. To the tune of $1.1 billion. Yowza.

Not sure if that's even going to be enough - the company is $2.3 billion in debt, owing billions to companies like LG, Samsung, and Sony. Not exactly companies you want to blow off.

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