YOU ARE HERE: LAT HomeCollectionsBorders Group Inc

Borders Group Inc

May 31, 2007 | From the Associated Press
Two agentless authors will have novels out this fall after winning a contest sponsored by Simon & Schuster, Borders Group Inc. and the social media website Terry Shaw, 44, came in first for "The Way Life Should Be," a mystery set in coastal Maine. Only one winner was planned, but judges decided to award a publishing deal to the second-place book, 30-year-old Geoffrey Edwards' "Fire Bell in the Night," a thriller set in the antebellum South.
May 27, 2009 | Times Wire Reports
Bookseller Borders Group Inc. says its net loss widened in its fiscal first quarter because of continually weakening sales and more than $70 million in after-tax charges. The Ann Arbor, Mich., company reported a loss of $86 million, or $1.44 a share, for the quarter, which ended May 2. That compares with a loss of $31.7 million, or 50 cents, a year earlier. Sales fell more than 12% to $641.5 million.
September 9, 1999 | Bloomberg News
Webvan Group Inc., an online grocer, disclosed terms for its initial public offering that would place the company's market value at about $3.8 billion. The Foster City, Calif.-based company will sell 25 million common shares at $11 to $13 each, according to an amended registration statement filed with the Securities and Exchange Commission. The company will have almost 317.5 million shares outstanding after the IPO, according to the filing, so the public will hold a 7.
October 3, 2007 | From the Associated Press
Two leading booksellers announced competitions this week, continuing the industry's unending search for new talent and the increasing willingness to let others do the searching., Penguin Group (USA) and Hewlett-Packard Co. have launched the Amazon Breakthrough Novel Award, which offers a contract with Penguin and a small advance, $25,000. Meanwhile, Borders Group Inc., Court TV and Gather.
November 26, 2008 | Times Wire Reports
Borders Group Inc. said it was no longer considering a sale of the company. It said it might still sell its Paperchase Products unit to Pershing Square Capital Management for $65 million. The bookseller posted a third-quarter net loss of $175.4 million, or $2.90 a share, wider than the $161.1 million, or $2.74, deficit a year earlier, as consumers cut back on purchases of books and magazines. Revenue fell to $693.4 million from $765.2 million, the Ann Arbor, Mich.-based company said.
May 21, 2003 | From Bloomberg News
Borders Group Inc., the world's No. 2 book retailer, had a first-quarter net loss of $4.8 million and cut its full-year profit forecast. The loss of 6 cents a share contrasted with net income of $3.9 million, or 5 cents, a year earlier, the company said. Sales fell slightly to $751.4 million. Borders lowered its full-year profit forecast to $1.40 to $1.46 a share from its previous projection of as much as $1.60 a share. Shares of Ann Arbor, Mich.-based Borders fell 16 cents to $16.
June 12, 2008 | From Times Wire Services
Billionaire hedge fund manager William Ackerman said Borders Group Inc. should consider approaching online retailer Inc. about a possible acquisition. The founder of Pershing Square Capital Management said Borders, of which the hedge fund owns about 30%, could become the "bricks-and-clicks" component of Amazon's nationwide sales strategy. Borders, which put itself up for sale in March, has about 500 retail outlets across the country. "Amazon could buy the company for about $400 million to get those locations that would take more than $1 billion to build," he said.
July 22, 2011
Borders liquidation sales begin Friday at 18 locations in Southern California. Arcadia: 400 S. Baldwin Ave. Brea: 429 S. Associated Road Canoga Park: 6510 Canoga Ave. Costa Mesa: South Coast Plaza Downey: Stonewood Mall El Segundo: 710 S. Sepulveda Lakewood: Lakewood Center Mall Mission Viejo: 25222 El PaseoThe Shops at Mission Viejo National City: 3030 Plaza Bonita Road Northridge: 9301 Tampa...
Los Angeles Times Articles