The six-decade long eventful business journey of Circuit City Stores Inc has sadly come to an end - with the renowned consumer electronics retailer putting up the shutters on its business for good on Sunday, March 8!

After the Richmond, Virginia-based Circuit City became the most prominent retailer to file for bankruptcy in November, amid recession, it had announced its intention of liquidating as it failed to find a buyer.

The proposed eight-week long going-out-of-business sales, announced by four liquidators, at the company's over

V-Guard Industries, the Kerala-based manufacturer of voltage stabilisers, electrical and electronic products, is expecting its cable business to contribute significantly to the turnover this year. The business currently contributes 27% to its revenues.

With funds of Rs 65 crore raised from the IPO last year, the firm set up a low-tension (LT) power cables plant at Coimbatore and a house-wiring cables plant at Kashipur, Uttarakhand, both of which will start production in May. The LT cable unit has the capacity to produce 3,000 tonne of aluminium and 300 tonne of copper annually.

According to Fortune magazine's Friday reports, Hearst Corp intends launching a wireless electronic reader with a large-format screen this year - the proposed device would be big enough to meet the outlining and advertising requirements of newspapers and magazines.

The e-reader, meant for viewing the newspapers and magazines of the publisher, indicates a kind of experimentation that can be considered crucial for hitting upon a business model to contend in the age of the content-free Internet.