BGP named Ron Marshall (Wildridge Capital Management's founder) as their new CEO, as well as announced that they had received notification from the New York Stock Exchange that their shares have been trading at less than $1 for 30 days.
Borders reported a 6.9% decline in net sales in Q2 FY08, but a 28% increase in net income as the firm managed inventory expenses and lower capital expenditures.
Borders shares fell more than 15% after Borders announced its plan to sell most of its British and Irish subsidiaries to a London-based private equity firm.
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