Finance

Borders Asks Judge to Overrule Landlords’ Objections to Proposed Sale
July 13, 2011

Borders Group Inc. (BGP) asked a bankruptcy judge to overrule landlords’ objections to the proposed sale of the bookstore chain’s assets and promised to provide more information about leases by next week.

Borders is trying to resolve objections from landlords at several locations, the company said in papers filed yesterday in U.S. Bankruptcy Court in Manhattan. The structure of the $215.1 million sale to Najafi Cos., which still requires an auction to test for higher bids, is set to go before U.S. Bankruptcy Judge Martin Glenn tomorrow.

Bankrupt Borders Struggling to Find Bidder
May 17, 2011

Borders, the bookstore operator looking to reorganize in bankruptcy, has so far failed to find a bidder for the entire chain, according to four people familiar with the matter. 

Lagardère's Q1 Publishing Revenues Down, E-book Sales Up
May 3, 2011

Lagardère announced first quarter consolidated revenues today of €1,805m ($2,677 million U.S.), an increase of 3.1% as reported.

According to Lagardère's press release, the publishing division's first quarter revenues of €390m ($598 million U.S.) are, as expected, down 9.8% from Q1 2010 as reported and down 10.4% on a like-for-like basis.

Courier Reports Fourth-Quarter and Year-End Results
November 16, 2010

Courier Corporation, one of America's leading book manufacturers and specialty publishers, today announced fourth-quarter and full-year results for its fiscal year ended September 25, 2010.

CIOs Should Have Plan in Place to Tackle a Second Economic Downturn
August 13, 2010

In 2008, most chief information officers (CIOs) were forgiven for being unprepared to deal with the global recession, but if another recession unfolds in the next 12 to 18 months, no CIO will be forgiven for being unprepared a second time, according to information technology research and advisory company Gartner Inc.

Barnes & Noble on the Block? Get Ready, Amazon
August 4, 2010

The world's largest book retailer, Barnes & Noble, announced Tuesday that its board of directors is considering selling the company in order to increase shareholder value. As the bookseller explained today, the board has formed a team to evaluate "strategic alternatives" to make sure it's "taking advantage of [its] compelling digital opportunities."