Borders Books To Liquidate

Months after declaring bankruptcy and with no buyer in sight, Borders Books has requested the court's permission to liquidate the stock at its 399 locations.

The U.S. Bankruptcy Court of the Southern District of New York is set to approve the move on Thursday. Liquidation sales could start as soon as Friday. In a statement, Borders President Mike Edwards said the changing book industry and the economy hastened the chain's demise. Borders had been seeking a new white knight bidder after a $215 million bid by private equity firm Najafi Cos. dissolved late last week. Creditors and lenders argued the chain would be worth more if it liquidated immediately.

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Spirit Airlines: $5 To Print Boarding Passes

But only if their clerk prints them for you at the airport.

Low-fare carrier Spirit Airlines drew gasps last year when it became the first U.S. airline to charge passengers for bringing carry-on bags aboard. On Tuesday, the proponent of fees for nearly everything airborne unveiled another U.S. first: Passengers who have boarding passes printed by a Spirit check-in agent will be charged $5 each for each nonstop flight. The Miramar, Fla., carrier said fliers can avoid forking over a five spot by checking in online and printing their own boarding passes. The new fee, which started Tuesday, applies to all flights booked for travel on or after Nov. 1.

Spirit also charges $20-$35 to use the overhead bin for a carry-on.