Fort Worth

Radio Shack Seeks Lifeline From Bankruptcy

Fort Worth-based Radio Shack could be looking to one of its shareholders to save it from filing for bankruptcy.

Bloomburg News reports the electronics chain is talking with hedge fund Standard General to get a rescue financing package.

Radio Shack lost more than $98 million in the first quarter this year.

The deal could allow the retailer to shut down poor performing stores, cutting losses.

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