A2: Business

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The Detroit News reports that Ann Arbor-based Borders Group, which filed for Chapter 11 bankruptcy earlier this year, is asking the bankruptcy court judge to approve paying its pay key executives up to $8.3 million in incentives and retention bonuses. According to the report, executives would receive no incentive payments if Borders is liquidated. The firm’s CEO, Michael Edwards, would be eligible for up to $1.7 million in bonuses. [Source]