Take a look at some of Wednesday's midday movers:» Read More
CHICAGO-- A father, mother and daughter from a posh Chicago suburb stole $7 million in merchandise during a decadelong shoplifting spree _ traveling to stores nationwide and targeting dolls, toys, cosmetics and other valuables _ according to a federal complaint released Wednesday.
March 5- An Illinois couple and their daughter on Wednesday were charged with operating a multimillion-dollar shoplifting ring that involved stealing toys, baby supplies and household items from retail stores and selling them on eBay, prosecutors said.
Feb 26- Barnes& Noble Inc reported a profit for the holiday quarter after it scaled back its money-losing Nook digital business and its core bookselling business stabilized.
Feb 26- Barnes& Noble Inc returned to profitability during the holiday quarter after it scaled back its money-losing Nook tablets business and its core bookselling business stabilized. Barnes& Noble has repeatedly said it is not abandoning its Nook business, whose sales fell 50.4 percent in the third quarter ended Jan. 25.
Feb 26- Barnes& Noble Inc, the largest U.S. bookstore chain, on Wednesday reported a profit for the holiday quarter, despite a drop in revenue, as it lowered its Nook digital business costs. The bookseller said revenue fell 10.3 percent to $2 billion in the third quarter ended Jan. 25 as sales of Nook digital books and devices dropped by more than half.
*G Asset Management offers to buy stake in Barnes& Noble or Nook. *Groupon shares drop after company forecasts loss. NEW YORK, Feb 21- U.S. stocks slipped on Friday on options-related trading, with the S&P 500 facing resistance as it flirts with its record high even as economic data continues to underwhelm.
Private investment management firm G Asset Management said it has made a proposal to acquire 51 percent of Barnes & Noble, valuing the company at $22 a share.
NEW YORK, Feb 21- Investment firm G Asset Management said on Friday that it had offered to buy a 51 percent stake in either Barnes& Noble Inc or in the bookseller's Nook digital business. The little known firm said the proposal for Barnes& Noble as a whole would be for $22 per share, which would value the top U.S. bookstore chain at $1.32 billion.
*G Asset Management offers to buy Barnes& Noble or Nook stake. *Groupon shares tumble after forecasting loss. NEW YORK, Feb 21- U.S. stocks were little changed on Friday, with the S&P 500 facing resistance as it flirts with its record high, as company news dominated trading amid another soft reading on the economy.
NEW YORK, Feb 21- Investment firm G Asset Management said on Friday that it had offered to take a 51 percent stake in either Barnes& Noble Inc or in the bookseller's Nook digital books and device business. G Asset said the proposal for Barnes& Noble as a whole would be for $22 per share, while the offer for Nook would be for $5 per share.
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Customer satisfaction with online shopping slipped 4.9 percent to a benchmark of 78, the lowest score since 2001.
Feb 10- Barnes& Noble Inc shares rose by as much as 9.6 percent on Monday after news that the bookseller cut jobs from its team of hardware engineers working on its money-losing Nook digital books and e-reader business.
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NEW YORK, Jan 9- Barnes& Noble Inc's mainstay retail business showed signs of stabilizing during the holiday period, renewing the belief on Wall Street that the bookseller's stores remain a viable business. This year, the rate of growth of e-books has shown signs of abating after years of torrid growth, easing pressure on chains like Barnes& Noble.
NEW YORK, Jan 9- Barnes& Noble Inc on Thursday reported a 5.5 percent decrease in comparable sales at its bookstores and on its website over the holiday period, caused largely by a drop in the number of Nook e-reader devices sold.
Jan 8- Barnes& Noble Inc said on Wednesday that Michael Huseby, the head of its digital division, was named chief executive, a move Wall Street interpreted to mean the bookseller still sees e-books and e-readers as a priority.
Some of Wednesday's midday movers:
Bookseller Barnes & Noble said that Michael Huseby, the head of its digital division, has been named chief executive, effective immediately.