Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

RadioShack Climbs Most in More Than Five Years

Don't Miss Out —
Follow us on:

Jan. 28 (Bloomberg) -- RadioShack Corp., the electronics retailer seeking a new chief executive officer, climbed the most in more than five years.

RadioShack advanced 22 percent to $3.22 at the close in New York, the biggest gain since July 7, 2006. The shares gained 14 percent Jan. 25.

RadioShack tumbled 78 percent last year as the company posted three straight quarterly losses and suspended its dividend. The company has been seeking a new chief executive officer since September, when James Gooch stepped down and Chief Financial Officer Dorvin Lively took on the additional duties of interim CEO.

Bruce Bishop, a spokesman for the Fort Worth, Texas-based company, didn’t immediately return a telephone message and e-mail seeking comment.

To contact the reporter on this story: Chris Burritt in Greensboro at cburritt@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.