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Highlights

A collection of news and information related to Borders Group Incorporated (MI) published by this site and its partners.

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    May 23, 2013 |Story| Reuters

  1. Borders gift card holders deserve nothing, judge rules

    Reuters
    * About 17.7 million cards outstanding when chain closed * Tens of millions of dollars of potential claims rejected By Jonathan Stempel May 22 (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by...

    Tags: Justice System, Judges, Bankruptcy, Barnes & Noble, Inc., Financially Distressed Companies

    2. May 23, 2013 |Story| Los Angeles Times

  2. Judge rules gifts cards from belly-up Borders bookstores worthless

    Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, <a href=&quot;http://newsandinsight.thomsonreuters.com/Legal/News/2013/05_-_May/Judge_says_gift_card_claims_against_Borders_are__equitably_moot_/">a Manhattan federal judge ruled Wednesday</a>. According to Reuters, there are about $210.5 million worth of such cards that had not been used by the time the bookstore chain went out of business in September 2011. All of which are now "equitably moot."
    Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...

    Tags: Companies and Corporations, Economy, Business and Finance, Judges, Bankruptcy, Financially Distressed Companies

    3. Feb 25, 2013 |Story| Los Angeles Times

  3. Barnes & Noble Chairman Riggio plans retail bookstore buyout

    Barnes &amp; Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain&rsquo;s growth.
    Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...

    Tags: Dell Inc., Richard Schulze, Barnes & Noble, The Wall Street Journal, U.S. Securities and Exchange Commission

    4. Dec 28, 2012 |Story| Los Angeles Times

  4. Barnes & Noble says holiday sales disappointing, Nook has new investor

    Bookstore chain Barnes &amp; Noble said Friday its holiday sales look disappointing and that publisher Pearson Plc took a 5% stake in its Nook e-reader business.
    Bookstore chain Barnes & Noble said Friday its holiday sales look disappointing and that publisher Pearson Plc took a 5% stake in its Nook e-reader business. In a regulatory filing, the New York company said early reports indicate its holiday sales fell...

    Tags: Books, Holidays, Pearson Plc, Barnes & Noble, Bankruptcy

    5. Jan 28, 2013 |Story| Los Angeles Times

  5. A third of Barnes & Noble stores may close in next decade, report says

    Barnes &amp; Noble will shut up to a third of its brick-and-mortar bookstores over the next decade as reading habits change and digital publications evolve, according to a new report.
    Barnes & Noble will shut up to a third of its brick-and-mortar bookstores over the next decade as reading habits change and digital publications evolve, according to a new report. The chain will end up with 450 to 500 stores in 10 years, down from the...

    Tags: Companies and Corporations, Economy, Business and Finance, Barnes & Noble, Bankruptcy, The Wall Street Journal

    6. Jan 28, 2013 | Chicago Tribune

  6. Another indication that bookstores are returning to boutique status

    Change of Subject
    News:Barnes & Noble plans to cut stores by about 30% in decade Barnes & Noble Inc. expects to shut down as many as a third of its retail stores over the next decade...."In 10 years we'll have 450 to 500......
    7. Jan 10, 2012 |Story| Los Angeles Times
  7. |Story
    8. Dec 27, 2011 |Story| Baltimore Sun

  8. New owners ready to take over Ivy Bookshop

    Don't call the Ivy Bookshop's new owners New Yorkers.
    Don't call the Ivy Bookshop's new owners New Yorkers. Sure, Ed Berlin and his wife Ann have lived in the orbit of Manhattan for more than three decades, working in corporate careers. But they insist they love Baltimore — Ed was raised in Forest...

    Tags: Electronics, Walmart, Google Inc., Amazon.com Inc., Bankruptcy

    9. Jan 5, 2012 | Los Angeles Times

  9. Barnes & Noble's Nook news: good, surprising

    Jacket Copy
    Barnes & Noble's Nook sold big over the holidays. So why does it want to unload the business?...
    10. Sep 8, 2011 |Story| Petoskey News

  10. Borders' flagship Ann Arbor store closing Monday

    ANN ARBOR (AP) — Borders' flagship store in downtown Ann Arbor is expected to close Monday as the bookseller works to wrap up hundreds of store closings. Borders Group Inc. on Wednesday made public the closing date for the 40,000-square-foot...

    Tags: Birmingham , Bankruptcy, Financially Distressed Companies, Books-A-Million Incorporated

    11. Sep 19, 2011 |Story| KTLA-LTV

  11. Netflix To Split DVD, Streaming Services

    Netflix is rebranding its 12-year-old movies-by-mail service as Qwikster and adding video games to its catalog, Reed Hastings, the company's CEO, announced Sunday night. The Web-streaming portion will continue to be called Netflix, he wrote on the company's blog.
    CNN/KTLA News
    Netflix is rebranding its 12-year-old movies-by-mail service as Qwikster and adding video games to its catalog, Reed Hastings, the company's CEO, announced Sunday night. The Web-streaming portion will continue to be called Netflix, he wrote on the...

    Tags: Blockbuster, Companies and Corporations, Bankruptcy, Microsoft Corporation, Blu-ray Discs

    12. Jul 18, 2011 |Story| Petoskey News

  12. Borders fate to be decided this week

    NEW YORK — Borders Group is edging closer to extinction after no new bids surfaced in an auction process for the bookstore chain other than the opening bid from two liquidation firms. Borders Group last week assigned the opening bid in its...

    Tags: E-Commerce Industry, Auction Service, Bankruptcy, Financially Distressed Companies

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