Borders bankruptcy comes at a time when the company reports $2 million in losses each day at the stores it plans to close.
Faced with stiff competition from online book retailers like Amazon, plus the proliferation of e-books designed for devices like the Amazon Kindle and Apple’s iPad, Borders faces bankruptcy.
According to the US Census, Michigan is the one state in the nation to see its population drop over the past decade. The steep decline in the auto industry is mostly to blame for driving people out.
The GM IPO raised $20 billion of the $49 billion that the federal government spent to bailout GM. But the finish line is still years away.
GM stock is trading again, after automaker's emergence from bankruptcy and a partial government takeover. But the debate goes on over the wisdom of the US bailout.
The GM stock price ends at $34.19 on its first day of trading, as the company's recent profitability stokes demand for the IPO stock. The $23.1 billion raised will help pay back the US Treasury.
Apple, Google, and 3M may top Bloomberg’s list of the world’s most innovative companies, but they’re not the biggest research and development spenders – not even part of the Top 20. Out of 1,000 publicly traded companies with the highest R&D spending in 2009, here are the Top 10, according to a survey by management-consulting firm Booz & Co.:
A journalist and a political scientist search out the patterns in American diversity.