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July 18, 2003 | From Bloomberg News Inc., Borders Group Inc. and other retailers were accused in a lawsuit of illegally using patented technology that uses shoppers' information to customize visits to their Web sites. Pinpoint Inc. sued the retailers in U.S. District Court in Illinois, alleging they have infringed four patents that cover personalization technology.
April 20, 2001 | Bloomberg News
Barnes & Noble Inc. and Borders Group Inc. agreed to pay $2.35 million each to settle an antitrust suit accusing them of getting illegal discounts from publishers and wholesalers. The American Booksellers Assn. and 26 bookstore owners sued the two largest U.S. book chains in March 1998, saying the independent dealers did not get discounts available to larger competitors. The chains said the independents had failed to attract customers, defending the discounts as legal.
August 24, 1999 | Bloomberg News
Among Monday's new stock ratings from Wall Street analysts: * Borders Group (ticker symbol: BGP; close and change: $13.94, up 94 cents) was downgraded to "hold" from "buy" by ABN Amro. * Duke Energy (DUK; $55.63, up 6 cents) was raised to "buy" from "hold" by Warburg Dillon Read, with a target of $65. * E-Tek Dynamics (ETEK; $51.88, up $3.13) was rated "sell" in new coverage by Gilmour & Associates. * P.F. Chang's China Bistro (PFCB; $21.
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.
November 16, 1999 | Bloomberg News
Borders Group Inc. named Greg Josefowicz as chief executive and president, replacing Robert DiRomualdo, who remains chairman. Josefowicz, 47, most recently served as president of Jewel-Osco, a food and drugstore chain owned by Albertson's Inc. DiRomualdo took over as Borders' interim president and chief executive when Philip Pfeffer resigned in April after just five months as CEO.
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.
February 22, 2001
Borders Group Inc. said it has decided to eliminate most of its staff of 330 community relations coordinators. Most of Borders' 336 U.S. bookstores have community relations coordinators who plan and host events, act as liaisons to the community and handle other public relations duties. The company's restructuring plan will phase out most of those jobs and create 72 new area marketing manager positions. The cuts affect about 1% of the bookseller's 30,000 employees.
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