At the same time, there are fewer bookstores in which to sell physical books, highlighted by the liquidation last year of Borders Group Inc.

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Mr Miquel saved Lees from liquidation in 1993 and took the group to market.

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Two of Stadia Investment Group's subsidiaries this week went into provisional liquidation, while Livingston went into administration.

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It's a watchdog group that's been charged with overseeing the liquidation of the trading firm's assets and returning what's left to investors.

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News the CME Group again raised its margin requirements for gold also prompted long liquidation in the futures market.

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It was announced on Wednesday that the group, which employs 47 staff in seven shops, had gone into liquidation.

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Gold had seen strong selling pressure on Tuesday and Wednesday, and then Wednesday afternoon the CME Group raised futures margins on gold by 27%, to prompt still more long liquidation in gold.

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