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Wednesday, April 7, 2010 as of 11:14 AM ET

Borders Group

Borders Group, Inc. (former NYSE ticker symbol BGP) was an international book and music retailer based in Ann Arbor, Michigan.

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Analysis: Best Buy seen pulling plug on UK megastores

By Mark Potter and Dhanya SkariachanLONDON/NEW YORK (Reuters) - Best Buy Co <BBY.

N> is likely to abandon its British megastores next year, retreating from an overseas expansion plan that has been stymied by a global recession and cultural differences in how people like to shop.Analysts said they expect the move to shutter the British big box stores to come in early 2012 as the company instead needs to focus on strengthening its mainstay U.S. business against cut-throat competition from discounters and online rivals.Closing the 11 British stores would be the biggest admission of failure so far in the U.S. retailer's overseas expansion strategy.It would also stem tens of millions of dollars in annual losses and raise hopes among investors that Best Buy will take steps to reset its business after the latest in a series of profit warnings this month.The company did not respond to requests seeking comment."Given the challenges that Best Buy is currently facing ... I think investors would pr...

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  1. Barnes & Noble results hurt by Borders bankruptcy

    NEW YORK (Reuters) - Barnes & Noble Inc <BKS.N>, the largest U.S. bookstore chain, reported a deeper quarterly loss on Tuesday as sales came under pressure from the ...

  2. Borders close to deal to avoid store closures

    NEW YORK (Reuters) - Bankrupt book store chain Borders Group Inc <BGPIQ.PK> said on Wednesday it canceled an auction to select a liquidator to close some of its most...

  3. Borders staves off closing of six bookstores

    By Nick BrownNEW YORK (Reuters) - Bankrupt Borders Group Inc <BGPIQ.PK> reached agreements to avoid shuttering six of its stores that the bookseller planned to close...

  4. Najafi Cos in discussions to buy Borders : report

    (Reuters) - Private-equity firm Najafi Companies is one of the suitors looking to buy the bulk of bankrupt bookseller Borders Group Inc's <BGPIQ.PK>, the Wall Street...

  5. Stock futures inch up; chain store sales eyed

    NEW YORK (Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Thursday following the previous session's sharp losses, with futures for...

  6. Borders to end cafe pact with Seattle's Best

    By Nick BrownNEW YORK (Reuters) - Bankrupt bookstore chain Borders Group Inc <BGPIQ.PK> plans to end a pact with Seattle's Best Coffee and to begin operating its own...

  7. Starbucks Q2 fails to dazzle as shares slip

    LOS ANGELES (Reuters) - Starbucks Corp's <SBUX.O> quarterly earnings failed to impress as Japan's earthquake and the bankruptcy of cafe partner Borders Group Inc <BG...

  8. Wall Street Gears Up for Hectic Week of Earnings

    FBN's Robert Gray on the 180 companies from the S&P 500 expected to report earnings next week.

  9. Bankruptcy Court Judge Approves Borders Bonus Plan

    FBN's Robert Gray on a bankruptcy court judge approving the book retailer's plan to pay its executives and other top-level employees more than $6 million in bonuses.

  10. A New Farmer’s Market and Stop Fraud Immediately

    Welcome to OnSale at FOXBusiness, where we look at cool stuff and insane bargains.Wholesale’s the word at Wholeshare. Fight fraud with ClairMail. Sony ’s singing you...

  11. Dell, Deals Drive Dow to New Highs

    FOX Business: The Power to ProsperReturning from a rare two-day break, the bulls bid Wall Street to fresh two and-a-half-year highs on Wednesday as new deal-making a...

  12. Borders Files for Bankruptcy; 200 Stores to Close

    Borders Group Inc filed for bankruptcy protection and said it would close about one-third of its bookstores, after years of shriveling sales that made it impossible ...

  1. Analysis: Recession II? Probably not, staffing execs say

    By Nick ZieminskiNEW YORK (Reuters) - A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for tempora...

  2. Borders Begins Going-Out-of-Business Sales

    Going-out-of-business sales began on Friday at all of Borders Group Inc's 399 stores, according to a spokesman for one of the companies charged with liquidating the ...

  3. Borders demise seen a small help to Barnes & Noble

    By Phil WahbaNEW YORK (Reuters) - Bookstore chain Barnes & Noble Inc <BKS.N> will eventually feel a modest boost from the liquidation of its largest rival, Borders G...

  4. Borders to Liquidate Business

    Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators.Borders announced the decision on Monday, saying it was no...

  5. Liquidation Looms for Borders as Sale Collapses

    Borders Group may be forced to liquidate itself after a $215 million deal to sell itself to a private-equity investor collapsed overnight.Borders, the No. 2 U.S. boo...

  6. Borders defends auction plan amid landlords' ire

    By Nick BrownNEW YORK (Reuters) - Borders Group Inc <BGPIQ.PK> on Tuesday answered criticism from landlords who said the bankrupt bookseller has kept them in the dar...

  7. Landlords feel kept in dark by Borders sale plan

    By Nick BrownNEW YORK (Reuters) - A host of landlords are objecting to the sale process by which Borders Group Inc <BGPIQ.PK> hopes to auction itself out of bankrupt...

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