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)
-
Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed m...
-
Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world . Ho Ching is ... -
Ever getting annoyed by strangers adding you in some random WhatsApp groups? I feel for you! WhatsApp is rolling out a new feature gradual...
-
To coincide with the current movie screening of Disney's Dumbo, I present you the main song for Dumbo. Enjoy! Lyrics Baby mine, do...
-
If you have never heard of the case of Cambridge Analytica with Facebook, then you must be living in some cave. Ever since the scandal was...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.