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Businesses

Submission + - CompUSA to Close All Stores 1

An anonymous reader writes: Mexican telephone and retail magnate Carlos Slim, in a rare defeat, will exit the U.S. consumer electronics market, shutting the last 100 CompUSA Inc. stores after sinking about $2 billion into the business. Gordon Brothers Group, a Boston-based retail store liquidator, will oversee a piecemeal sale of the Dallas-based business, the company said in a statement. Financial terms were not disclosed. Stores will remain open through year-end under the supervision of Gordon Brothers, which will also negotiate the sale of real estate and other assets. Two law firms were hired to represent creditors, CompUSA said.
Businesses

Submission + - Gambling banned from Second Life (secondlife.com)

zaren writes: "As posted today on Linden Lab's blog, as of July 25th, 2007, any activities in Second Life that "rely on chance or random number generation to determine a winner, OR... rely on the outcome of real-life organized sporting events" are forbidden. That means no more virtual gambling of any kind, no casinos, no nothing. In addition, the change in policy includes threats to delete user items and turn information about violators of the policy over to "authorites and financial institutions"."

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