Circuit City Facing Challenges and Downgrades

September 21, 2007

Following Thursday’s report of a $62.8 million 2nd quarter loss, Bear Stearns analyst Christopher Horvers has downgraded the stock from “Outperform” to “Peer Perform.”

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.