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Borders Posts 2Q Loss

Los Angeles, Borders Group reported a second-quarter net loss of $18.4 million, matching Wall Street estimates, vs. a year-ago net profit of $1.3 million. Comp-store sales for Borders Superstores fell 5.3%, while comps at the Waldenbooks chain fell 12%. Revenue for the quarter fell 4% to $856.0 million.