Barnes & Noble's Nook to Get Google Play App Store
Barnes & Noble is teaming up with Google to vastly increase the number of apps available on its Nook HD tablets.
Barnes & Noble is teaming up with Google to vastly increase the number of apps available on its Nook HD tablets.
Barnes and Noble (BKS) insisted this morning that it's sticking with its troubled Nook tablet despite falling sales that are hurting its bottom line.
Barnes & Noble founder and chairman Leonard Riggio has told the book seller he is going to try to buy the company's retail business. The news sent shares up more than 17 percent in premarket trading. Riggio said he does not want to acquire the Nook e-reader business or the company's college bookstores.
Barnes & Noble CEO Mitchell Klipper told the Wall Street Journal in an interview that his company will have 450 to 500 retail locations in 10 years -- down from nearly 700 now. Still, he insisted "it's a good business model," despite competition from e-books and online retailers.
Stocks fell for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a self-imposed year-end deadline.
NBarnes & Noble's first high-definition tablets, unveiled on Wednesday, were well received by analysts who said the devices keep the bookseller in the fight with Amazon.com, Apple, and Google -- for now.
Barnes & Noble is finally getting a thorny issue off its books: A shareholder-initiated lawsuit has been settled as Chairman Leonard Riggio agreed to give up $29 million from the sale of his college bookstore business to the company.
Online retailing is big business, and growing. As virtual storefronts become major revenue generators, many retailers are realizing the value of free shipping, which has the potential to greatly increase sales. Consider these seven promotional strategies, good for consumers and investors.
Some Street-related dispatches from last week's entry in the Human Comedy: Kim Kardashian filed a silly sounding but well-grounded lawsuit against Old Navy's use of a lookalike; gaming magnate Steve Wynn went all FOXNews on a conference call; and Barnes and Noble surged, nonsensically, on Borders' liquidation.
Following Chapter 11 bankruptcy, Borders now plans to liquidate its remaining stores. But there's a bright side to the big box bookseller's death: Its long and tragic tale provides plenty of fodder for investors. Use these lessons to ensure that your future investments have a happier ending.
Liberty Media, the conglomerate controlled by John Malone, made a $1 billion bid Thursday to buy Barnes & Noble. The bricks-and-mortar bookstore business is declining everywhere, so for Malone's gamble is to pay off, the Nook will have to gain some ground against Apple's iPad and Amazon's Kindle.
Should the deeply troubled Borders chain close, publishers will survive just fine. But for authors who don't have instant name recognition with book buyers, the loss of an outlet with scads of shelf and floor space is a serious blow. Plus, it's one less place where authors and readers can connect.
Barnes & Noble had its best holiday season in over a decade with store sales up 9.7% over last year, and online sales soaring a whopping 67%.
The country's second-largest bookstore widened its third-quarter loss to nearly double that of a year ago. Even worse, the estimated value of its inventory has declined, making it harder for Borders to borrow money. Will the company find a way to transform itself?














