Wii Fit Most Searched For Product for Christmas in UK

Wii Fit, Nintendo’s popular video game, is currently the most searched-for product by UK Internet shoppers in the run-up to Christmas. During October there were more UK Internet searches for Wii Fit than the Nintendo Wii, the most popular product last Christmas. After Wii Fit and the Wii console, the third most searched-for gadget is the Apple iPhone.

Circuit City: Chapter 11

Richmond, Va. - One week after announcing plans to close 155 stores, consumer electronics retailer Circuit City Stores (NYSE: CC) on Monday filed for Chapter 11 bankruptcy protection. The company said that it plans to continue operating under a $1.1 billion debtor-in-possession credit facility -- which will allow it to pay vendors and other business partners -- while working to restructure its operations.

Machinima.com Lands $3.85 Million For Expansion

Los Angeles - Machinima.com, a community website focused on showing user-generated and professional videos, gameplay and trailers from video games, has raised $3,85 million in new financing. The round was led by MK Capital and other private investors. The Machinima network is the ninth most subscribed YouTube channel and serves more than 30 million videos views per month. The new round of financing will be used to fund "business expansion."