BGP Borders Grp. Common Stock

Borders Group Inc. (BGP) filed for bankruptcy protection in New York Wednesday after various measures it took failed to make up for sagging sales in the face of competition from Amazon.com Inc. (AMZN) and Wal-Mart Stores Inc. (WMT), Bloomberg reported on its website.

Ann Arbor-based Borders reported its last annual profit in 2006. In its filing in U.S. Bankruptcy Court in Manhattan, the company listed debt of $1.29 billion and assets of $1.28 billion.

Full story at http://www.bloomberg.com/news/2011-02-16/borders-book-chain-files-for-bankruptcy-protection-with-1-29-billion-debt.html

-Dow Jones Newswires; 212-416-2900