Bankruptcy Judge OKs Borders' Liquidation Petition
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NEW YORK—Borders Group, the nation's second largest book retailer, stood at the brink of extinction after a bankruptcy judge approved the liquidation of its 40-year-old business. The move will result in the closing of 399 stores and will impact nearly 11,000 jobs. Borders is also working on a side deal with fellow bookstore chain Books-A-Million that could save as many as 35 stores and 1,500 jobs.
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