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June 25- Barnes& Noble Inc said it would spin off its Nook tablets and college books business, letting go of the loss-making Nook e-reader business to focus on its book stores.
The Nook business has cost the company hundreds of millions of dollars as it tried to keep pace with deep-pocketed rivals such as Amazon.com Inc, Apple Inc and Google Inc.. Barnes& Noble said this month it would develop a tablet with Samsung Electronics Co Ltd after curbing production of Nook tablets last year because of the losses.
June 25- Bookseller Barnes& Noble Inc reported a smaller quarterly loss and said it would separate its retail and Nook Media businesses, sending its shares up about 9 percent. The company's net loss narrowed to $36.7 million, or 72 cents per share, in the fourth quarter ended May 3, from $114.8 million, or $2.04 per share, a year earlier.
The LSE Group has entered exclusive talks to buy Russell Investments, for an expected $3 billion, the FT reports.
Barnes & Noble, now the second largest operator of college bookstores with 696 shops, plans to have about 1,000 locations within five years.
European equities closed lower on Thursday following disappointing data from the U.S., where manufacturing growth slowed in January.
Shares of textbook rental company Chegg, whose staff includes a former Yahoo executive, slump in the IPO off its quoted price of $12.50 each.
European shares closed down on Friday, ending the week with a slight loss, after a choppy trading session which saw Rolls Royce and Daimler drag European bourses lower following analyst downgrades.
In a major ruling on e-commerce, a federal judge decides that Apple conspired to raise the retail prices of e-books, and says a trial for damages will follow. Apple vows to appeal.
A federal judge's ruling that Apple conspired to raise e-book prices may not mean cheaper e-books for consumers. Prices were already dropping.
The textbook's day's are numbered, with the rise of e-books and self-publishing. That will mean lighter bookbags and prices, but they're still not cheap.
Barnes & Noble aims to make its "Nook" tablets more appealing to consumers by offering buyers access to Google's apps store, hoping to generate interest in the device.
Apple CEO Tim Cook must testify in a federal antitrust lawsuit that alleges price-fixing by Apple and e-book publishers, a judge ruled Wednesday.
Apple may find itself in hot water if the Justice Department's antitrust allegations involving e-books go to trial.
European shares closed higher on Monday, managing to hold onto earlier gains as investor sentiment was buoyed by an agreement among U.S. Republicans on Friday to extend the debt ceiling for three months.
European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.
Nov 6- Pearson Plc has decided to consider offers for the Financial Times newspaper this year and may seek at least $1 billion, Bloomberg reported, citing people with knowledge of the situation.
Nov 6- Pearson Plc has decided to consider offers for the Financial Times newspaper this year and may seek at least $1 billion, Bloomberg reported, citing people with knowledge of the situation. Pearson may initiate the sale preparations ahead of the departure of Chief Executive Marjorie Scardino, Bloomberg said.
BRUSSELS, Nov 6- European Union regulators are to end an antitrust probe into e-book prices by accepting an offer by Apple and four publishers to ease price restrictions on Amazon, two sources said on Tuesday.
BRUSSELS, Nov 6- European Union regulators are to accept an offer by Apple and four publishers to end an antitrust probe into their e-book prices, two sources said, handing Amazon victory in a bid to sell online books cheaper than its rivals, sources said.