Borders Delays Payments to Gain Time

Borders says it will postpone January payments to many vendors to conserve cash, though the move may do no more than delay a prepackaged bankruptcy or breakup of the company.

Retailers forced to sell themselves

Frustrated by the poor economy and mounting debt loads, retail chains are increasingly putting all or part of themselves on the discount rack. It's a...

Job cuts move to headquarters' staffs

Most big company job cuts come from workers at stores and in factories. People who work in the accounting, PR, and administrative positions in...