Topic: Borders Group Inc.
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Borders shares soar 38 percent after Ackman comments
Reuters US Online Report Business News
NEW YORK (Reuters) - Borders Group Inc <BGP.N> shares spiked nearly 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and it could even be part of an industry consolidation. Borders shares rose 36 cents ...
Borders cuts 164 positions amid sales slump
AP News
Borders lays off 164 corporate and distribution employees to adjust to slumping salesBookseller Borders Group Inc. is laying off 164 staffers in an effort to cut costs amid slumping sales. The company has cut 124 corporate jobs, including 88 at its Ann Arbor, Mich., headquarters and 36 corporate staffers in ...
Borders to cut 10 percent of corporate jobs
Reuters US Online Report Business News
NEW YORK (Reuters) - Borders Group Inc said on Thursday it is laying off about 10 percent of its corporate staff in an effort to contain costs as it contends with dwindling sales. The Ann Arbor, Michigan-based company is cutting 124 jobs, primarily in its finance and information technology divisions, in ...
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