Borders Announces Higher Loss Borders said this morning that the company has “corrected an error in the calculation of gross margin within its International segment, specifically in the Books etc. division.” While the error relates primarily to fiscal 2005 results, the additional loss will be reflected in their first quarter filing for 2006. The previously announced loss of 29 cents per share will be restated to 31 cents a share, adding about $1.3 million to the quarter’s already high $18.9 million loss. Release Zadie Smith Breaks Favorite Jinx, Takes Orange The third nomination is the charm, as Smith wins the […]
