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Creditors ask judge to pull the plug on Borders Group USA

May 31 2011: The unsecured creditors' committee in the Borders Group bankruptcy has asked the judge in the case not to accept Borders's request for a four-month extension of the mid-June deadline for filing a plan to get out of bankruptcy. The unsecured creditors' committee includes...

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South Carolina agrees to caveated sales-tax exemption for Amazon

May 31 2011: In the ongoing saga of whether Amazon will or won't build a distribution center in South Carolina ... last week the South Carolina Senate approved a measure that will not require Amazon to collect sales taxes on purchases by state residents for five years, but the ...

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Amazon focus on mainstream publishing arena

May 24 2011: Amazon has hired Laurence Kirshbaum, former TimeWarner CEO, to head up its relatively new New York based publishing operation. The announcement has dampened the spirits of many publishers currently attending Book Expo America as it clearly indicates that Amazon plan on...

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Liberty Media offer to buy Barnes and Noble

May 20 2011: Liberty Media has made an offer to buy Barnes and Noble for $1.02 billion. They are offering $17 a share for BN, which was 20% higher than the shares' trading level yesterday. In after-market trading, BN stock jumped up even higher than that level. Liberty Media's offer...

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British publishers begin "buddying" scheme to support local libraries

May 20 2011: Random House and Bloomsbury have begun "buddying" programs to support their local libraries and library authorities. Random House deputy group sales director Ed Christie, who is pioneering the scheme with Oxfordshire libraries, says, "It's our own in-house initiative, ...

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British bookstore chain Waterstone's sold to A&NN

May 20 2011: HMV Group has sold British bookstore chain Waterstone's to A&NN Group for 53 million (UK pounds).

Waterstones was established in 1982 by Tim Waterstone and currently employs about 4500 staff mainly in the UK but also in parts of Europe. Waterstones bought the ...

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South Carolina reverses decision, will give Amazon sales tax break

May 19 2011: Amazon appears to have won what South Carolina newspaper, The State, calls a "stunning reversal" in its battle to get a sales tax exemption in return for building a distribution center in Lexington County. Yesterday, the South Carolina House passed a measure 97-20 in...

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Philip Roth wins Man Booker International prize

May 18 2011: Philip Roth has won the Man Booker International Prize. Booker judge Carmen Callil resigned in protest saying, "I don't rate him as a writer at all. I made it clear that I wouldn't have put him on the longlist, so I was amazed when he stayed there. He was the only one I...

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