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U.S. bookseller Borders files for Chapter 11

Wed, 02/16/2011 - 10:03am — admin
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NEW YORK Borders Group Inc., the second-largest U.S. bookstore chain, filed for Chapter 11 bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load. Borders had liabilities of US$1.29 billion ...

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