Borders Group, which has been shedding executives and employees while shuttering stores, received a new credit line to keep it going — yet doesn’t preclude a possible bankruptcy reports the Associated Press:

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.

[Thanks to David Klaus for the story.]