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Blockbuster withdraws $1bn Circuit City bid

Blockbuster Inc. yesterday backed away from its $1bn bid for consumer electronics retailer Circuit City citing gloomy “market conditions”. The movie rental chain’s CEO James Keyes said in a statement: “We have determined that it is not in the best interest of Blockbuster's shareholders to proceed with an acquisition of Circuit …
Kelly Fiveash, 2 Jul 2008

Infineon boss heads for door

The chief executive of Infineon, Dr Wolfgang Ziebart, has resigned from the company because of an inability to agree strategy with the company's board of directors. Infineon's chairman Max Dietrich Kley thanked Ziebart for his work. Kley said: "We would like to thank Mr. Ziebart for his efforts and merits. He took over the …
John Oates, 27 May 2008

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