GE Capital

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GE Capital tosses Borders a $550M lifeline

Borders Group has received a commitment for a $550 million credit line from GE Capital, a lifeline that will help the struggling bookseller pay its vendors and stay afloat –¬† but it indicated that bankruptcy protection might still be an option.

Its shares jumped 28 percent in after-hours¬† trading on the news. Get the full story »