liquidation en News roundup: Borders to go out of business <p>Borders Group Inc., the Ann Arbor-based bookstore chain, <a href="">announced yesterday that it is closing</a> after failing to find a buyer. Some stores will close as early as Friday. The liquidation of Borders is making headlines across the state and around the country:</p><ul><li><em></em>: <a href="">Mich. book chain Borders closing after 40 years</a></li><li><em>The New York Times</em>: <a href=";sq=borders&amp;st=cse">Calling off auction, Borders to liquidate</a></li><li><em></em>: <a href="">10,700 jobs lost, 400 in Ann Arbor</a></li><li><em>Detroit Free Press</em>: <a href="|topnews|text|FRONTPAGE">Borders to shut down for good after deal collapses</a></li><li><em>Detroit News</em>: <a href="">Final chapter for Borders; 10,700 workers to lose jobs</a></li></ul><p>Meanwhile, Michigan Governor Rick Snyder&#39;s office says the closing of Borders is more a reflection of publishing industry problems than a statement about Michigan&#39;s business climate, the Associated Press reports. From the AP:</p><blockquote><p>His office says the fall of Borders marks the end of an important piece of Michigan history. Snyder is a former Ann Arbor businessman who was elected as a Republican in November.</p><p>Spokeswoman Geralyn Lasher says the Snyder administration will &quot;want to look closely from the jobs perspective of people in the state.&quot; Tue, 19 Jul 2011 11:03:25 +0000 Zoe Clark 3367 at News roundup: Borders to go out of business Borders Books liquidation sale begins Saturday at closing stores <p>The company handling the liquidation sales at some 200 <a href="">Borders Books</a> stores announced today the sales will begin Saturday.&nbsp;&nbsp;<a href=""> Hilco Merchant Resources</a> of Chicago issued a press release saying the liquidation will begin with 20 to 40% on all merchandize with some exceptions.&nbsp;Over $350 million of inventory including books, magazines, music and movie media, calendars, posters and more will be liquidated.&nbsp;&nbsp;</p> Fri, 18 Feb 2011 21:52:37 +0000 Steve Carmody 1351 at Borders Books liquidation sale begins Saturday at closing stores