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]
Computer, Technology, Databases, Google, Internet, Mobile, Linux, Microsoft, Open Source, Security, Social Media, Web Development, Business, Finance
Subscribe to:
Post Comments (Atom)
Popular Posts
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
As of today, Google will start using a new shortened url - g.co , to promote Google websites. g.co works differently as compared to a long-t...
-
Singapore’s Land Transport Authority has just released an updated official MRT map including seven new stations on the Thomson-East Coast Li...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.