Blockbuster files for bankruptcy | Business briefs

Blockbuster Inc. filed for Chapter 11 bankruptcy Sept. 23 due to a nearly $1 billion debt and growing competition from companies like Redbox and Netflix. Stores, kiosks and online services will remain open during the filing. An expected 500 to 800 of Blockbuster’s 3,425 U.S. stores are due to close after the proceedings. Operations in Canada, Denmark, Italy, Mexico and Britain will continue. Blockbuster stores in Argentina will shutter. The company will undergo a restructuring.

Borders:Borders bookstore at The Commons mall in Federal Way will host a fall Educator Appreciation Week from Oct. 6-10. All current and former educators will receive 25 percent off nearly everything in the store. A special teachers reception will run 2 to 6 p.m. Saturday, Oct. 9.