RadioShack Rescue Deal Attacked by Top Creditor

RadioShack's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. bankruptcy judge it had selected the Standard General hedge fund as the winning bidder in the private four-day auction, which ended just before Thursday's hearing. The hedge fund plans to operate the stores in conjunction with wireless phone company Sprint Corp.