Latest Business News: RadioShack Loss Widens, Turnaround Expert Named Interim CFO

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Latest Business News: RadioShack Loss Widens, Turnaround Expert Named Interim CFO

Latest Business News: RadioShack Loss Widens, Turnaround Expert Named Interim CFO
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Latest Business News: RadioShack Loss Widens, Turnaround Expert Named Interim CFO

Wochit 0:56 mins

Electronics retailer RadioShack Corp reported a wider-than-expected quarterly loss and named turnaround expert Holly Etlin as its interim financial chief. Analysts say the once-iconic retailer has not done enough to transform itself into a destination for mobile phone buyers or to become sufficiently hip to woo younger shoppers. Switzerland's leading telecommunications company says Carsten Schloter, its chief executive, has been found dead in an apparent suicide. Cisco has announced the acquisition of the cybersecurity company Sourcefire.for $2.7 billion, or $76 per share in cash plus retention-based incentives.

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