Thursday, March 20, 2008

Borders Going South?

Sorry for the bad pun. Another major retailer hits the skids and can't refinance.

Borders Retains Bankers To Explore Possible Sale

March 20, 2008 11:56 a.m.

Shares of Borders Group Inc. slumped after it became the latest retailer to signal distress, saying it has suspended its dividend and hired help to explore the bookseller's options as the credit crunch has all but cut off avenues to raise capital.