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Barnes & Noble To Acquire Microsoft's Stake In Nook Media
Thursday, December 4, 2014 - 10:20am | 208Barnes & Noble, Inc. (NYSE: BKS) reported its fiscal 2015 second quarter results on Thursday morning. At the same time the company disclosed it has agreed with Microsoft Corporation (NASDAQ: MSFT) to terminate its commercial agreement related to Nook Media including any associated obligations...
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A Closer Look At Major Retail Chains That Announced Store Closures In 2014
Tuesday, October 14, 2014 - 2:48pm | 1136Brian Sozzi of Belus Capital Advisors on October 6 said J.C. Penney Company Inc (NYSE: JCP) should have announced further store closures during its analyst day. "With the top and bottom lines moving in the right direction (store closures won't be viewed as a sign of weakness), analyst...
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Nook Spin-Off Cuts Losses For Barnes & Noble
Wednesday, June 25, 2014 - 9:51am | 310Barnes & Noble (NYSE: BKS) on Wednesday unveiled plans to spin off its struggling Nook digital unit in a move that sent shares up nearly 10 percent in pre-market trading. Nook has proven a drag on Barnes & Noble's results and it expects to complete the deal by the first calendar...
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Market Wrap For March 13: Bears Come Out Of Hibernation As Dow Suffers Largest Daily Loss Since February 3
Thursday, March 13, 2014 - 4:52pm | 2311U.S. stocks fell as worries piled up over China's economy and further tension in Ukraine. China's combined industrial output growth slowed to 8.6 percent on year in January and February, below a forecast for a 9.5 percent rise and a previous reading of 9.7 percent. The New York Times reported...
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Market Wrap For February 21: Markets End The Week On A Negative Note
Friday, February 21, 2014 - 5:48pm | 2876U.S. stocks finished the week slightly lower as investors gave today's poor housing data a slack, and blame it on the weather. “Investors are willing to cut the market some slack because of the weather; I'm keeping my fingers crossed that the economy heats up as the weather warms up,” Jack...
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G Asset Management Proposes Acquisition Offer To Barnes & Noble
Friday, February 21, 2014 - 2:58pm | 243G Asset Management, a private investment management firm announced on Thursday night that it has approached Barnes & Noble (NYSE: BKS) and presented an offer to acquire 51 percent of the company at $22 per share. G Asset Management has previously made its views clear that Barnes & Noble is...
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Market Wrap For January 9: All Eyes on Tomorrow's Job Report
Thursday, January 9, 2014 - 5:43pm | 2416Markets were relatively calm during Thursday's trading session as investors anticipate Friday's jobs report. The December employment report is expected to show about 200,000 payroll jobs representing a steady growth and a clear sign that labor market and economy are both strong. Related:...
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Market Wrap For November 26: Nasdaq Closes Above 4,000 For First Time Since 2000
Tuesday, November 26, 2013 - 5:44pm | 1627Investors and traders certainly had their plates full Tuesday with a plethora of data releases sending the Dow to new record highs and the Nasdaq index closing above 4,000 after briefly breaching the mark on Monday. The markets gave back modest gains towards the end of the trading session and...
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Amazon Should Root for Barnes & Noble to Stay Afloat (AMZN, BKS)
Monday, July 15, 2013 - 4:15pm | 547If Barnes & Noble (NYSE: BKS) goes down, Amazon.com (NASDAQ: AMZN) will feel the pain. It may sound counter-intuitive, but according to The New York Times, it’s true. The theory, born out by recent history in the book business, is that when customers lose the opportunity to browse at a...
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Will Barnes & Noble's $129 Nook Sell as Fast as Hewlett-Packard's $99 TouchPad? (BKS, HPQ)
Wednesday, July 10, 2013 - 3:58pm | 466Hewlett-Packard (NYSE: HPQ) achieved a surprising degree of success with its $99 TouchPad. The tablet originally sold for $499. After succumbing to the power of Apple's (NASDAQ: AAPL) iPad, which dominated the market at the time (and still does throughout most of the world), Hewlett-Packard...
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Barnes & Noble Earnings Plummet in Fourth Quarter (BKS)
Tuesday, June 25, 2013 - 9:46am | 319Book retailer and Nook maker Barnes & Noble (NYSE: BKS) reported a much wider loss than expected in the fourth quarter as declines in sales were much more than expected. Further, the company painted a very negative picture for the next year for the company. Fourth Quarter Results For the...
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Slideshow: The History of Tablet Computers
Wednesday, June 12, 2013 - 11:47am | 137Love them or hate them, tablet computers are here to stay. With over 100 million units sold in under three years, the Apple (NASDAQ: AAPL) iPad has become a cultural icon and its domestic competition has established itself as well: Words like "Kindle Fire" and "Nook" have entered the American...
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Amazon's Worldwide Kindle Expansion to Continue in 2013
Monday, March 18, 2013 - 1:13pm | 590After a small global expansion in 2012, Amazon (NASDAQ: AMZN) is working hard to sell its e-books and e-readers in new regions, including China. Now the dot-com retailer is expected to bring its hardware to Taiwan. According to DigiTimes, Amazon has passed an examination conducted by Taiwan's...
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Microsoft Invested $300 Million in a Doomed Business
Thursday, January 3, 2013 - 1:45pm | 684Last spring, Microsoft (NASDAQ: MSFT) announced that it would pour $300 million into Barnes & Noble's (NYSE: BKS) Nook business. This was an unusual move for Microsoft, but it seemed like a sound investment for the firm to make. The Windows maker needed content and a potential partner in...
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Barnes & Noble's Nook Won't Meet Expectations
Friday, December 28, 2012 - 11:29am | 554Nook, the digital book and e-reader business that has helped keep Barnes & Noble (NYSE: BKS) afloat, did not meet sales expectations this holiday season. In an SEC filing, Barnes & Noble said that based on "preliminary sales results," the company expects its holiday sales to fall below...