Following a veritable beating in the New York Stock Exchange, Circuit City released a statement announcing that they have filed for bankruptcy. The company mentioned that they intend to stay in business while they come up with a plan to restructure.

A Circuit City employee sent an email to Kotaku with the discounted rates she'd been slapping onto the merchandise. Included was a breakdown of the sales in the video game department. See the full article for details.

The ever-tightening economy has sunk its claws into another victim in the entertainment industry. Circuit City, the second largest consumer electronics chain in the US, will be closing 155 of its stores, laying off thousands of employees in the process.

That just sucks.

If you don't have your own copy of Harmonix's Rock Band and own an Xbox 360, then you may grab this chance to get your self a decent kit and nab yourself a nice extra. Check out Circuit City's deal: get a Rock Band Special Edition bundle and grab an MS 1600 Points card for only US$ 169.99. If you're going to be a good kid, then head on over to the full article to find out how to lower that price even more.

Looking for some videogame action, but want to save a buck or two on the side? Then you'd better head on over to your local Target or Circuit City this week, as they've got quite the deals lined up for the budget-conscious gamer. From today's latest releases to the classics of your childhood, look no further than this article to get the full info on what you can buy with the money in your wallet. Click on the read more button for more info.

Wasn't able to get a copy of Halo 3? It's not necessarily a bad thing: now you can buy a copy from Best Buy for US$ 37.99. Another deal in the world wide web right now is from Circuit City, which is offering a free gift with preorders of upcoming games Turok and Devil May Cry 4. More in the full article.

If you're on the brink of gaming starvation because you've been playing old titles over and over, Circuit City's US$ 8.96 game list just might be what you need. With news of such a deal, Videogameplayerz has managed to acquire a list of the games included.

To know more about the list, head on over to the full article.

Christmas is almost upon us, and it's that time of the year again to buy presents (and receive them, don't forget that part). If you're the type of person who likes buying gifts (ones for yourself included) at the lowest possible price possible, then head on over to the full article to see some bargain Xbox 360 games from Best Buy and Circuit City..

   

For those of us who have yet to give in to the temptation of buying one of those shiny new consoles of next-gen joy from Microsoft, here's a rumor to chew on: the new shipments of Xbox 360s coming into a particular electronics and videogames boutique (cough, Circuit City, cough) may be bundled with a particular game (Rockstar's Table Tennis) - not as a freebie, but as an actual bundled item. Very interesting.

For what it's worth, the picture does seem authentic, and with the game being Table Tennis itself, this rumor isn't all that far-fetched. First, it could be a direct countermeasure against Nintendo's highly-effective campaign of bundling Wii Sports with the Nintendo Wii.

Second, while the choice of the bundled game may seem pretty suspect, it's actually a smart decision, as casual gamers looking for a solid title to start with would immediately feel at home with Table Tennis. The fact that Table Tennis is also kid-friendly and wholesome (no scantily-clad females waiting on street corners, no violence, no guns) also makes it a solid investment.

Third, and probably the most important - free games with next-gen console bundles are ALWAYS relevant. The cherry on top. The finishing touch. The contract-sealer. In short, it's something that sweetens the deal.

Certainly good news that Microsoft's upping the ante some in the console sales war. Updates as we get them!

We've all seen the Wal-Mart and Toys R Us flyers indicating the US$ 50 price cut, but we didn't get a clear confirmation of the good news back then. But here it is, proof that the price cut exists, and more.

The Xbox Pro SKU will get the US$ 50 price cut as advertised in the flyers (US$ 349.99), and the good bit is that the Core and the Elite SKUs will be treated to a discount as well. US$ 20 will be taken off of the Core's current price, bringing it down to only US$ 279.99, while the Elite will get $US 30 slashed from its price tag, making its MSRP US$ 449.99.

Wedbush Morgan's Michael Pachter said that the price cut "speaks volumes about the cost of production," adding that Microsoft was break-even with the discount on the Pro SKU, with the production costs probably amounting to US$ 325.

The price changes will be applied on August 12, with Circuit City bundling Rockstar's Table Tennis for the Pro SKUs. When asked about the price changes, Microsoft declined to comment.