A2: Business

The Detroit Free Press reports on the financial status of Borders Group, noting that the Ann Arbor-based bookseller hasn’t yet announced when it will release its year-end income statement. The firm is also facing a deadline to repay a loan to its largest shareholder. From the report: “The $42.5-million loan due to Pershing Square Capital Management – made in 2008 at 9.8% interest – has already been extended three times. And despite assurances from Pershing that a bankruptcy is unlikely, concerns about a filing persist.” [Source]