Bankruptcy judge approves Standard General bid for RadioShack

A U.S. Bankruptcy Court judge in Delaware late Tuesday approved Standard General as the winner of the auction for RadioShack's assets, a decision that keeps the brand alive in a pared-down form. Standard General's plan is valued at roughly $160 million. The approval comes after more than a week of contentious hearings in which rival hedge fund Salus Capital Partners and other creditors contested Standard General's plan, saying it was a sham and that the auction process was flawed. But Judge Brendan…