‘Shack’s SOS
Shares of RadioShack dropped sharply after a report the struggling electronics chain may hire a financial adviser to help it improve liquidity. Shares closed down 7 percent, at $2.63.
Kindle comics
Amazon will soon start publishing original comics through its new imprint, Jet City Comics. They will publish on Kindle as stand-alone comics and serialized comics released over multiple episodes.
Duke departs
Federal Reserve Governor Elizabeth Duke plans to resign her seat effective Aug. 31. Her departure creates another chance for President Obama to leave his stamp on the Fed’s seven-member board.
Claims climb
The number of Americans filing for unemployment benefits rose to a two-month high of 360,000 last week. Swings are typical in July as auto plants close for retooling.
Media dealin’
Former MGM Chairman Harry Sloan and film financier Jeff Sagansky plan to raise $250 million for media and entertainment acquisitions, their second media-focused public offering.