DALLAS — Blockbuster Inc. said today that it would take an unsolicited $1 billion-plus bid for Circuit City Stores Inc. directly to shareholders of the nation’s second biggest consumer electronics chain, saying the struggling retailer has not responded to repeated offers.

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NEW YORK — Wachovia Corp posted a surprising first-quarter loss today as credit problems from mortgages and other debt soared, prompting the bank to lower its dividend, raise $7 billion in capital and cut jobs.

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Move Networks, a content delivery network for high-definition television online, has closed on a $46 million series C round of financing led by Benchmark Capital. Cisco, Comcast […]

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