1. LIQUIDATION

    Borders Is No More

    GLASGOW, SCOTLAND - DECEMBER 22:  A last minute shopper walks with a Borders book store bag in Buchanan Street on December 22, 2009 in Glasgow, Scotland. All 45 Borders stores will close today , due to the economic downturn and the increase in competition from retailers and supermarket chains.  (Photo by Jeff J Mitchell/Getty Images)59187674

    Jeff J Mitchell / Getty Images

    The second-largest bookstore chain in the U.S. is done for good. Borders will liquidate after it failed to receive any bids to save it. The company employs about 10,700 people, and the liquidation of its remaining 399 stores could start as soon as Friday. It'll likely be out of business by the end of September. Barnes & Noble will now be the only remaining national chain bookstore.

    Read it at Wall Street Journal