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Borders win court approval of plan to dissolve
New York City -- Borders Group Inc. won court approval of the final details of its plans to dissolve, according to Bloomberg.
The bankruptcy judge finalized terms of creditor repayments Tuesday after five remaining objections were resolved, the report said. Unsecured creditors with $812 million to $850 million in claims will recover from 4% to 10%, probably “at the higher end of the range,” according to court papers.
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CVS executives see strong growth for 2012
New York City -- CVS Caremark executives shared plans to address the challenges facing health care during the company's annual Analyst Day in New York City. The company also said Tuesday it also expects to buy back the $3 billion left in its share repurchase program.