The US Credit Crunch may claim another victim...

It's been hard to miss in the news. Nearly every newspaper, blog, newscast, and magazine has covered it at one point or another: the US credit crunch.

While economists are still unsure if the market is in full recession mode or not, anyone living in North America (if not many parts of the world) have dealt with the repercussions of the credit problems the US has been facing.

In order to grow the business (or stay afloat) many companies use borrowed funds (or leverage) to meet their financial needs. Borders is no exception. The company has been on the forefront of the manga movement in book stores, offering one of the most diverse selections of graphic novels in store in relation to it's peers.

Borders (NYSE:BGP) realized a nearly 29% loss in share price today upon announcing that it would be suspending it's dividend and would be looking for alternative financing options. Borders CEO George Jones noted that "the current credit environment has made many of these alternatives prohibitively expensive or entirely unavailable."

Investors can expect an announcement within the next two weeks if Borders can find successful financing.

There is a Canadian twist: rumor has it that Canadian retailer Indigo Books (TSE:IDG) may be interested in purchasing the floundering company. While this is only speculation at the moment, it could be a great opportunity for the Canadian bookseller to expand into the US markets.

Keenspot Aquired Completely by Crosby Comics

Keenspot, the online comic host that has recently been growing into a minor media mogul, has announced that Darren "Gav" Bleuel and Nate Stone of Orthnormal Systems have sold their 50% stake in the company to Crosby Comics for an undisclosed amount.

Said Keenspot CEO Chris Crosby, "I want to thank Darren and Nate for everything that they've done over the eight years since we founded Keenspot together. It couldn't have happened without their hard work, and we'll always appreciate that."

Crosby has announced major changes in the company's structure and business plans. "We're completely rethinking everything that we do," said Crosby. "Keenspot may be turning eight in March, but in many ways, this is only the beginning. Watch this 'spot."

Keenspot hosts over 50 unique comics in genres ranging from Adventure to Science Fiction to Surreal. The results of this acquisition and the announced future changes will certainly be reference for future blog posts as we see how the readers react.

Marvel: Still a Screaming Buy!?

Investor worries over a limited film schedule for 2009 led to a $2 drop in stock price (NYSE: MVL) on yesterday's close. This hasn't stopped The Motley Fool's Tim Beyers from giving his list of reasons why Marvel is a screaming buy.