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Business 17 Feb 2011 | 12:00 AM

Bankruptcy: Borders' penalty for being a step slow

NEW YORK (AP) - Borders was slow to get the message as the big-box retailer lost book, music and video sales to the Internet and other competition. The result: It filed for bankruptcy protection Wednesday, and will close nearly a third of its stores.

Business 29 Oct 2004 | 12:00 AM

BGroup signs accord on Borders bookshop franchise

BERJAYA Group Bhd is expanding into book retailing after having signed a memorandum of understanding (MoU) with Borders Inc - a subsidiary of global book, music and movie retailer Borders Group Inc - to establish a franchise arrangement to operate Borders stores throughout Malaysia.

Business 18 Feb 2011 | 12:00 AM

Borders M'sia not affected by bankruptcy filing in US

PETALING JAYA: Borders Malaysia#8217;s operations will not be affected by US-based Borders Group Inc#8217;s filing for bankruptcy.

Business 01 Jul 2011 | 12:00 AM

Borders agrees to sell itself for US$215 million

NEW YORK: Borders Group Inc. said late Thursday it agreed to sell itself to private investment firm Najafi Cos. for US$215 million and is seeking court approval for the agreement.

Business 02 Jul 2011 | 12:00 AM

Borders Group agrees to sell itself to private investment firm for US$215mil

MICHIGAN: Borders Group Inc said late on Thursday it agreed to sell itself to private investment firm Najafi for US$215mil and is seeking court approval for the agreement.

Business 10 Dec 2010 | 12:00 AM

Borders Group 3rd-quarter loss widens

NEW YORK: Borders Group Inc. said Thursday its third-quarter loss roughly doubled as its traditional book sales continued to fall due to tough competition from online retailers and discount stores and growing challenges from electronic books.

Business 05 Oct 2011 | 12:00 AM

Berjaya Books now owns Borders Malaysia Brand

KUALA LUMPUR: Berjaya Books Sdn Bhd, the operator of Borders Malaysia, now owns the Borders trademark in perpetuity within Malaysia following the successful acquisition of the brand.

Business 22 Jul 2011 | 12:00 AM

Bankruptcy judge approves Borders liquidation

NEW YORK: A bankruptcy judge on Thursday approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain.

Business 02 Sep 2010 | 12:00 AM

Borders 2nd-quarter loss widens

NEW YORK: Borders Group Inc. reported a slightly larger loss in the second quarter and said it will sell more items besides books as it readies for the crucial holiday season.

Business 31 Dec 2010 | 12:00 AM

Borders delays payments to vendors

NEW YORK: Borders Group Inc. has delayed payments to some of its vendors as the nation's second-largest bookseller seeks to preserve cash while it struggles to refinance its debt. The news sent shares down more than 15 percent in after-hours trading.