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NATIONAL
December 11, 2006 | From Times Wire Reports
A volunteer border watch group has started erecting a mile of steel-mesh fence along the U.S.-Mexico border east of Naco. Minuteman Civil Defense Corps spokesman Al Garza said the fence will force illegal immigration traffic to the east and west. It also will "let the government know that it's not as difficult to secure the borders as they lead us to believe," he said.
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BUSINESS
August 23, 2006 | From the Associated Press
Borders Group Inc. said it swung to a fiscal second-quarter loss on declining sales, and provided a weaker-than-expected outlook for the rest of the year. For its second quarter ended July 29, the Ann Arbor, Mich.-based bookseller posted a loss of $18.4 million, or 29 cents a share, contrasted with a year-earlier profit of $1.3 million, or 2 cents. Revenue fell 4% to $866.3 million.
BUSINESS
January 13, 2006 | From Reuters
Private equity firms are considering a bid for Borders Group Inc., the Financial Times reported. A Borders spokeswoman said the book and music retailer does not comment on speculation. Texas Pacific Group, Bain Capital, Apollo Management and Leonard Green Partners are the buyout firms considering an offer, the newspaper said. The firms declined to comment.
BUSINESS
June 14, 2005 | From Associated Press
A little-noticed appellate court ruling against Borders Group Inc. sets a precedent that could enable California to force some major Internet retailers to start paying the state sales tax for books, music and other goods sold online to state residents, analysts said Monday. Whether California tax collectors use the precedent to go after not only Borders but also Barnes & Noble Inc., Amazon.com and other online retailers remains to be seen.
BUSINESS
May 18, 2005 | From Times Wire Services
Borders Group Inc., the second-largest U.S. bookstore chain, posted a fiscal first-quarter net loss of $5.3 million on lower sales of bestsellers and music. The company cut its full-year earnings forecast. The net loss of 7 cents a share contrasted with restated net income of $2.3 million, or 3 cents a share, a year earlier, the Ann Arbor, Mich.-based company said. Sales in the three months ended April 23 rose 1.8% to $853 million.
NATIONAL
April 21, 2005 | David Kelly, Times Staff Writer
The Minuteman Project, which attracted international attention by putting armed civilians along the Arizona-Mexico border to deter illegal immigration, announced Wednesday that it was entering a new phase and would stop its patrol activities. The roughly 750 volunteers, organizers said, would remain in the border area through April under the direction of Civil Homeland Defense, a Tombstone, Ariz., group similar to the Minuteman Project.
BUSINESS
July 28, 2003 | Seth Sutel, Associated Press
Louis Borders is best known for starting two companies: Borders Group Inc., which operates the hugely successful bookstore chain, and Webvan, the dot-com grocer that went belly up. Now, Borders is getting back in the game -- but on a far smaller scale. Today, he is launching KeepMedia Inc., a Web site offering unlimited access to a database of magazine articles for a monthly rate of $4.95.
BUSINESS
October 9, 2001 | Bloomberg News
Borders Group Inc. said it expects a third-quarter loss of about 4 cents a share, wider than the 1-cent loss analysts expected. Sales at Borders superstores open at least a year will be flat to down 1%, while sales at the Waldenbooks unit will be down about 5%, the Ann Arbor, Mich.-based bookseller said. Borders lost a store at the World Trade Center and was forced to close Waldenbooks stores temporarily as malls shut down after the terrorist attacks.
BUSINESS
October 3, 2000 | JAMES PELTZ and MICHAEL HILTZIK
Alcatel (ALA) Jim: Buy Mike: Buy * Mike: Alcatel is the second-largest French company in terms of market capitalization, Jim, and here's this week's puzzler: Can you identify any other French enterprise of such size? Jim: Uh . . . Mike: I thought not. Jim: Actually, this is the first French stock we've done, no? Mike: Well, most Americans probably don't think of the French as global industrial leaders. Jim: Let's just say it's a good thing Alcatel doesn't make cars.
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