RadioShack Corporation (RSH) Picks Peter J. Solomon To Raise Financing

Money-losing RadioShack Corporation (NYSE:RSH), after recently confirming that it is indeed in discussion with investment banks to strengthen its balance sheet, has hired Peter J. Solomon, a banking advisory firm, The Wall Street Journal reported on Monday. RadioShack hires advisory firm RadioShack Corporation (NYSE:RSH) took a swipe at a trade publication report earlier this month that said it was seeking a financial advisor to fix its balance sheet in the face of bond maturities, cash burn and excess stock levels. It said then its balance sheet was strong, with $820 million liquidity at the end of the first quarter. The company…