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Management switches boost Borders stock
Borders Group Inc., burdened by bad news for months, got a boost Monday as its shares rose 29% after its board of directors installed a new management team. That boost may be temporary. Borders reported double-digit declines in holiday sales and confirmed it was under review for delisting on the New York Stock Exchange, where its shares ended the day at 58 cents. |
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Borders Shuffles Management as Sales Fall
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Borders Group said Monday that it has shaken up its top management, as well as a double-digit drop in holiday sales from a year ago and a potential delisting from the New York Stock Exchange. |
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China Asset Management Expects Market to Perform Better in 2009
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Jan. 6 (Bloomberg) -- China’s stock market performance will be better in 2009 than last year as the government seeks to bolster the economy, said China Asset Management Co ., the nation’s largest fund manager. |
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