A2: Business

The Detroit News reports that 47 corporate employees at Borders Group have left the Ann Arbor-based company since it filed for bankruptcy in mid-February: “As a result of the departures, the cost of Borders Group Inc.’s bonus retention plan is dropping at least half a million dollars, Borders’ attorneys indicated in the (court) filing. Borders is seeking permission to provide up to $8.3 million in compensation to remaining employees, a move it says is critical to retaining talent as it reorganizes. A bankruptcy judge is scheduled to hear arguments about the plan at a Thursday hearing in New York.” [Source]