A quick headline and then a brief story moved by Bloomberg right before the end of trading on the New York Stock Exchange on Tuesday had an outsized impact. Bloomberg wrote that Borders “may file” for bankruptcy protection “as soon as next week, according to three people familiar with the matter.” In the final 10 minutes or so of trading, the market slammed Borders shares down 35 percent, to less than 50 cents a share, continuing to fall further still in after-market trading. This morning shares were trading under 37 cents a share. On the same timetable, Barnes & Noble […]
