Borders Saves Six Stores Slated For Chopping Block

Law360, New York (June 10, 2011, 7:11 PM EDT) -- Bankrupt Borders Group Inc. told a New York bankruptcy judge Friday that it will refrain from seeking to close six of 51 stores that it has asked to shutter as it tries to rein in costs and avert a default on a $505 million loan.

The bookseller submitted a filing to the court saying that it will maintain four airport shops — one each in Boston and Raleigh-Durham, N.C., and two in Detroit — as well as stores in the Westland Shopping Center in Westland, Mich.,...
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