RadioShack share price down, reports 11th straight quarter of losses as it faces bankruptcy
December 11, 2014 3:25 pm
RadioShack Corp announced a cost-cutting plan as the struggling electronics retailer reported its eleventh consecutive quarterly loss. “We have begun a detailed set of cost reduction initiatives designed to enhance earnings by over $400 million annually,” said CEO Joseph Magnacca. Those cost cuts will be related to the companys headquarters, field, stores, store support, store […] Read more