Radio Shack Avoids Total Liquidation

America's one-stop shop for batteries and phone chargers will survive, albeit in a much-reduced form. A bankruptcy judge in Delaware approved a bid from hedge fund Standard General that will keep the troubled electronics retailer from total liquidation, according to a report in the Wall Street Journal. Standard General's offer for the company, a $160 million mix of cash and debt, will preserve more than 1,700 stores and some 7,500 jobs. About 2,300 stores will close.