Circuit City Stores Inc. has found a buyer for its Canadian operations that will keep it operating. Henrico County-based Circuit City is selling The Source by Circuit City stores across Canada to Bell Canada. InterTAN Canada Ltd., which Circuit City bought in 2004, operates more than 750 The Source stores. Terms of the deal were not disclosed.

Officials at Circuit City Stores Inc. won’t be testifying before a house judiciary panel tomorrow morning. The hearing has been canceled because of weather. No new date has been set. The hearing before the House Subcommittee on Commercial and Administrative Law was called so the committee could look into how changes to federal bankruptcy law in 2005 have affected the abilities of companies to restructure and emerge from bankruptcy protection.

Officials with Circuit City Stores Inc. have been asked to testify before a congressional subcommittee Tuesday to discuss what happened during its bankruptcy case.

Circuit City Stores Inc. won the right yesterday to pay more than 150 top executives, managers and other employees up to $4 million in retention bonuses. But the amount is about $600,000 less than the Henrico County-based retailer originally had sought. A key reason: James A. Marcum, the chain’s vice chairman and acting president and chief executive, took himself off the list of 16 top executives who would have split some of the bonus money.

A federal bankruptcy judge approved up to $4 million in retention bonuses for about 150 Circuit City executives, managers and other employees this afternoon. James A. Marcum, the chain’s vice chairman and acting president and CEO, removed himself from the list of executives who would be entitled to the money if certain goals were met.

What costs more—a spark plug or a share of General Motors? A Sunday New York Times or a share of the newspaper company? A General Electric toaster or a share of GE?

Laid-off Circuit City employees won’t have access to health insurance benefits after March 31. The news that they will lose their COBRA benefits comes as the Henrico County-based retailer asks a federal bankruptcy judge today to approve up to $4.6 million in retention bonuses for more than 150 executives, high-level managers and other workers.

Best Buy Co. Inc. said yesterday that 250 workers at its corporate headquarters in suburban Minneapolis would lose their current jobs as the electronics chain pares its work force, though most might get new positions with the company. The company hoped the displaced employees would fill 210 new jobs being posted by the retailer, for a net loss of 40 jobs.

A bankruptcy court judge has allowed Circuit City Stores Inc. to hire Liquid Asset Partners LLC to sell off furniture, fixtures and equipment at the chain’s distribution, call and service centers and one of its corporate headquarters buildings. Judge Kevin R. Huennekens approved the motion after at least two firms bid for the contract. The bidding process took place during an auction at Circuit City’s Henrico County headquarters yesterday.

Circuit City Stores Inc. asked a bankruptcy court judge this morning to put off hearing a motion on who will sell furniture, fixtures and equipment at the chain’s distribution, call and service centers and one of its corporate headquarters buildings. Gregg M. Galardi, Circuit City’s bankruptcy attorney, told the Judge Kevin R. Huennekens that there were several companies interested in bidding for the right to sell the items.

Circuit City Stores Inc. can sell or break leases at its stores, distribution centers and offices, a bankruptcy judge ruled yesterday. The auctioning of the leases will proceed on two tracks, depending on when the chain’s stores close. The Henrico County-based retailer filed for bankruptcy in November. After failing to find a buyer or capital to keep operating, the company decided last month to liquidate its stores and lay off 34,000 employees.

Circuit City Stores Inc. is asking a bankruptcy judge for permission to pay up to $4.65 million in retention bonuses to some of its employees to keep them as the Henrico County-based chain winds down its business affairs.

Circuit City Stores Inc., now liquidating the last 567 of its 721 stores, says incentive bonuses are needed to dissuade 154 executives and other workers from leaving before the company is dissolved, Bloomberg News reported today.

Three weeks after Circuit City Stores Inc. announced it would liquidate its inventory and shut down, the electronics chain’s stores around the Richmond area still have plenty of merchandise as customers say they are waiting for the right moment to pounce. “Well, the deals seem OK, but I think if I wait a little longer I can get a much better price,“ Martin Kramer of eastern Henrico County said yesterday.

In a twist to recent news about job losses, employers went looking for employees yesterday at Circuit City. The Henrico County chain held a job fair with about 80 employers at its corporate headquarters yesterday to help nearly 1,500 former employees find work.