Borders Group, the bookstore known to many for its comfortable couches and variety of books and magazines, is likely to file for bankruptcy protection after seeing sales drop and earnings plummet. On Friday, the company disclosed that it no longer complies with New York Stock Exchange rules that require it to maintain a minimum average trading price of US$1 a share over 30 days. At current, Borders is trading at US$0.393 per share.
I feel sad for them should they really file for bankruptcy.
Is Borders heading for its final chapter? [via]
Subscribe to:
Post Comments (Atom)
-
Did you ever want to take Wikipedia with you while you are offline? Call on WikiTaxi : It is a portable application that delivers the Wikip...
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
The below is an LTA's official MRT map that includes both current and future train network all the way to year 2024. [2 Apr 2019]: U... -
Terms Of Use By downloading or using the app, these terms will automatically apply to you – please read them carefully before using the app....
-
If you have been reading the mainstream media or the social media, it is likely that you would have heard of SimplyGo - an initiative by the...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.