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Another key problem for the retailer, which is based in Richmond, Va., and was founded by Samuel S. Wurtzel as a television store in 1949 (it now has about 700 outlets), was basic inventory management. "They had been unable to move their inventory," says Helen Bulwik of New Market Solutions, a retail consultancy in Oakland, Calif. That backlog left the company paralyzed, unable to buy fresh product or pay off its existing debts. Circuit City still owes $118 million to Hewlett-Packard, its largest vendor, plus $116 million to Samsung and $60 million Sony...

Author: /time Magazine | Title: Why Circuit City Busted, While Best Buy Boomed | 11/11/2008 | See Source »

...convicted sailors' cause after Frank Stokes, a 30-year veteran of the FBI who specialized in violent crimes, first looked at the case three years ago. Stokes felt the convictions were obviously a miscarriage of justice and asked one of the case lawyers to speak to the Richmond chapter of the Society of Former Special Agents, many of whom signed the letter to Governor Kaine. "It is the most egregious thing I've seen," says Stokes...

Author: /time Magazine | Title: The Disturbing Case of the Norfolk Four | 11/11/2008 | See Source »

...When the future of the economy and politics is as uncertain as it is these days, it's refreshing to get Newkirk's reminder that the important thing in life is to do good, help others and be kind to all animals - not just the cute ones. Anna West, Richmond...

Author: /time Magazine | Title: Inbox | 11/6/2008 | See Source »

...says Scott Parkin, an organizer for the Rainforest Action Network who has been involved in the Dominion campaign in Virginia. The September protest in Wise County was just the latest in a string of nonviolent acts against Dominion's new coal plant, including a blockade of the company's Richmond headquarters in June...

Author: /time Magazine | Title: Taking On King Coal | 11/5/2008 | See Source »

Voting Machines Malfunction in Virginia, 12:30 p.m. E.T. State election officials are working feverishly to repair electronic voting machines that malfunctioned in areas around Richmond, Virginia Beach and areas of northern Virginia earlier today, according to campaign and state officials. Election officials have temporarily moved to paper ballots to these areas. In addition, some of the ballots in Virginia Beach were damaged by rainfall while they were being brought inside. - By Kris Osborn / Alexandria...

Author: /time Magazine | Title: Election Day Dispatches: It's Morning for the Kenyan Obamas | 11/4/2008 | See Source »

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