A2: Business

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The Detroit News reports that Borders Group, the Ann Arbor-based bookseller, will possibly receive a $550 million loan from GE Capital, which it needs to help restructure operations and avoid bankruptcy. Ken Dalto, a consultant in Farmington Hills, said, “It’s good news, but it’s subject to a lot of conditions, and they’re difficult.” According to a statement by president Mike Edwards, Borders also hopes to expand its Borders Rewards Plus program and its eBook offerings in order to “reposition itself as a vibrant national retailer of books and other related products.” [Source]