Borders files for bankruptcy as stores close nationwide
Borders filed for Chapter 11 bankruptcy on Wednesday, announcing plans to shutter about 200 of its 642 stores from San Francisco to Fort Lauderdale, costing roughly 6,000 of its 19,500 employees. The move follows years of lag in e commerce and digital books, weakening publishers and rival Barnes & Noble.
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Amazon
Simba Information
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Circuit City Stores Inc
Linens ‘N Things
Scott Peltz
McGladrey Con
Sultancy
Chicago
Jim McTevin
McTevin & Associates
Bingham Farms
Mich
Ann Arbor
Tom
Louis
Stocks Rise On Earnings and Deals Surge
New York stocks advanced after strong earnings and deal news. Family Dollar jumped 22 percent as Nelson Peltz’s firm offered up to 60 a share to take it private, Sanofi wining Genzyme for 20 billion in cash, Dell climbing 10 percent on raised forecast, and Abercrombie & Fitch up six percent on rising overseas and U.S. sales. The moves pushed major indices higher.
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Nyse Amex Naspaaq
Lazboy
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CheniereEn
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OfficeMax
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ReachLoc
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Csglobwm
Pacoffpt
Microsoft
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Comcast
At&t Inc
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Limited NY
Icon NY
Lowes NY
Agreet NY
MGM Rsts NY
Annaly NY
McDnids NY
BkofAm NY
Micront
Bob Evans
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Dell Inc Na
Diebold NY
Penney DineEquity NY
Petrobras NY
Drscbearrs NY
Pfizer NY
Drxfbulls NY
PolyOne NY
EmersonEl NY
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FstMerit FirstEngy
Qwesttm NY
RPM NY
Fordm NY
S&P5ODETFNY 2.37 1.8 133.85 +.84 +6.4 Freshabirt
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GenElec NY
Sherwin NY
Genzyme Nasd
Siriusxm
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Homed NY
Smucker NY
Honwlind NY
SprintNex NY
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Spdr Fuel NY
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Keycorp NY
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Wellin
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The
Associated Press
Sanofi-Aventis to Acquire Genzyme for 20.1 Billion
Paris based Sanofi-Aventis SA agreed to buy Genzyme Corp in an all cash 20.1 billion deal after months of talks. The boards approved the takeover which is expected to close in early Q2. Viehbacher said the move boosts US presence and biotechnology growth for Sanofi. Genzyme’s Henri Termeer had resisted prior offers.
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