Android Invasion

Game Over, Schoonover

Quite a legacy Philip Schoonover built over at Circuit City, eh? He announces his resignation as chairman and CEO and, bang, the company’s stock spikes almost 10 percent in extended trading. Seems leaving Circuit City was the best thing Schoonover has done for the struggling consumer electronics retailer since he accepted the CEO gig in 2006.

CircuitBuster City Block

Blockbuster: I Think Icahn, I Think Icahn … I Know Icahn

A BlockBuster (BBI) acquisition of Circuit City (CC) may not be as much of a long shot as it first appeared. This morning the electronics chain, which has been vocal in its skepticism of BlockBuster’s ability to finance such a deal, opened its books to the video rental outfit. Why the sudden turnabout? Two words: Carl. Icahn.