Blockbuster Tanks On Bankruptcy Fears

NEW YORK (TheStreet) -- Blockbuster's BBI stock tumbled again as further signs emerged that the movie-rental chain may soon file for bankruptcy protection. According to The Wall Street Journal, Blockbuster is in the process of trying to secure a $150 million debtor-in-possession loan, which is sometimes arranged as a backup plan in the event that a company and its bondholders fail to strike a deal. The loan would help Blockbuster stay in operation during a bankruptcy workout. But the newspaper also reported that Blockbuster is looking at other options to stay out of Chapter 11. NCR NCR, which supplies Blockbuster with its DVD kiosks, was named as a potential investor. To read the rest, head over to TheStreet.com