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Brian Morganstern, the Circuit City clerk whose tip led to the arrest of the “Ft Dix Six” appeared on CNN’s American Morning today. I’ve edited the interview for length. Roberts: You’re being hailed as a hero. How do you feel about that? Morganstern: I don’t feel like a hero, to be honest with you. I feel like I did the right thing. But the real heroes are our men and women overseas, and the people in our law enforcement who handled this situation.

Circuit City fired 3,400 of its highest-paid store employees in March, saying it needed to hire cheaper workers to shore up its bottom line. Now, the Richmond electronics retailer says it expects to post a first-quarter loss next month, and analysts are blaming the job cuts. The company, which on Monday also revised its outlook for the first half of its fiscal year ending Feb. 29, 2008, cited poor sales of large flat-panel and projection televisions. Analysts said Circuit City had cast off some of its most experienced and successful people and was losing business to competitors who have better-trained...

Part of the Circuit City Web site was hacked and used in an attempt to install malicious code on PCs of unknowing visitors, the electronics retailer said Thursday. Cybercrooks were able to break in and modify a home theater message board on Circuit City's Web site, said Bill Cimino, a spokesman for Circuit City of Richmond, Va. Over an approximately two-week period, visitors to the board were subsequently sent to a site in Russia that attempted to install a "backdoor" on their PCs that gives the attackers remote access, he said. Circuit City was made aware of the attack on...

MINNEAPOLIS (AP) -- Retailers who wondered where their customers went during a so-so holiday season might have tried looking in the TV aisles at Best Buy and Circuit City. The nation's two largest consumer electronics retailers both reported strong holiday revenue on Friday driven by surging sales of high-end televisions and larger average purchases. December sales jumped 5.8 percent at Best Buy Co. Inc. stores open at least 14 months. The increase was 10.8 percent at Circuit City Stores Inc. locations open at least a year, a key industry barometer of a retailer's health. Best Buy said fourth-quarter earnings would...

Gizmos land among CES 'mega-trends' as U.S. sales rocket It's all about portable music players and flat-panel TVs. One look around the floor of the Las Vegas Convention Center confirms that, with much of the space devoted to companies pitching all manner of MP3 devices and big- screen televisions. And no wonder - U.S. shipping revenues of portable MP3 players in the first 11 months of last year were up 224 percent over 2004. And sales of flat-panels - LCD and plasma sets - are expected to go from $6 million in 2005 to $10 million this year, helped by...

A national gay and lesbian activist group released a buyer's guide Wednesday that details which large companies have policies that are fair for gay employees. The guide, released by the gay, lesbian, bisexual and transgender civil rights organization Human Rights Campaign, aims to steer consumers away from some brands they say are unfair to gays. "LGBT Americans are changing the policies of corporate America at the checkout line," said Joe Solmonese, Human Rights Campaign president. "The buying guide helps fair-minded consumers make their best choices this holiday season." The 28-page pocket guide groups businesses into categories such as "electronics" and...

Wal-Mart is attacking the business model of the two largest U.S. consumer-electronics chains by offering lower-cost extended warranties. This holiday season, Wal-Mart Stores (WMT ) has made no secret that it's gunning for the nation's two largest consumer-electronics chains, Best Buy (BBY ) and Circuit City Stores (CC ). Wal-Mart has spiffed up the interiors of many of its electronics departments and added a slew of high-end products, from Sony (SNE ) liquid-crystal-display televisions and Toshiba (TOSBF ) laptops to Apple (AAPL ) iPods. It's backing the changes with an aggressive holiday marketing campaign and a big day-after-Thanksgiving sale. But...

DENVER -- Imagine receiving a phone call from a stranger who knew your most private thoughts, knew what you looked like, knew your Social Security number, and even knew how much you make and where you work. That happened to a Colorado woman after she took her computer to a major electronics store. Her situation may be surprising given all the warnings about identity theft. But it's not surprising if you think for a moment about what's on your personal computer. There may be files about your income, business records, taxes, personal e-mails, dirty jokes, pictures and more. It's all...

Just heard on KOA radio that a Cessna Citation crashed on approach to Pueblo Colorado, killing seven. They also mentioned that it was registered to Circuit City in Richmond VA. No other details at this time. It is bad weather along the front range today. This morning there was freezing rain/snow at my house near Colorado Springs, about 45 miles north of Pueblo.

NEW YORK (MarketWatch) -- Blue chips ended at a new high for the year Tuesday, and the Nasdaq posted modest gains as investors cheered better-than-expected data and sustained merger activity, with Circuit City the latest company to become the target of a takeover bid. The Dow Jones Industrial Average (^DJI - News) ended up 46.19 points, at 10,837.32. The Nasdaq Composite Index (NasdaqSC:^IXIC - News) was up 6.30 points, at 2,089.21, but off an intraday high of 2,103.45. Gains for semiconductor (Philadelphia:^SOXX - News) and Internet (CBOE:^GIN - News) stocks helped put a floor on declines. Computer hardware stocks...

On the morning of Feb. 5, Robert Wood waited outside his Circuit City store with a handful of other employees. They had been told to report for a quick meeting before the store opened. Aware that the company was beset with financial difficulties, Mr. Wood was relieved to see that the others waiting were, like him, among the store's top salesmen. A seven-year veteran of Circuit City Stores Inc., Mr. Wood was the second highest-paid performer at the Jensen Beach, Fla., store, moving more than $1 million in computers and consumer electronics last year, he says. He earned $54,000 in...

Va. (AP) - Circuit City Stores Inc., the nation's No. 2 consumer electronics retailer, will sell its private-label credit-card business to Bank One Corp. for $1.8 billion in cash. Circuit City said Tuesday that it is shedding the credit-card operation so it can focus on renovating and relocating aging stores, as well as opening new outlets. In November, the retailer sold a bank-card portfolio to FleetBoston Financial for $1.3 billion. The upcoming sale "further simplifies the investment picture for Circuit City shareholders and allows us to focus our attention on the needed improvements in our retail business," said W. Alan...

CHICAGO June 26 (Reuters) - The family of Mexican billionaire Carlos Slim said on Thursday that Circuit City Stores Inc. (NYSE:CC - News) had rejected a takeover offer, sending shares of the U.S. electronics retailer up sharply amid hopes of a higher price. The $8 per share offer from the Slim family, which owns computer retailer CompUSA and a large stake in upscale retail chain Saks Inc. (NYSE:SKS - News), comes as Circuit City struggles with slumping sales and losses in its credit card operations. The Slim family, whose holdings in Telefonos de Mexico (Telmex) and several other Latin American...