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Barnes & Noble Inc (BKS)

- NYSE
  • Mar. 22, 2013, 1:57 PM
    Barnes & Noble (BKS -1.1%) is reducing the number of Simon & Schuster (CBS +0.2%) books it carries and promotes, according to the WSJ. The two companies are embroiled in a dispute over financial issues. What to watch: It's a bit of risk for B&N if disgruntled book buyers move online for titles they can't find in stores.
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  • Mar. 13, 2013, 12:58 PM
    Barnes & Noble (BKS -0.4%) seeks in a federal court in New York a ruling to uphold a previous decision that the company didn't infringe on Alcatel-Lucent patents with its website and e-reader. The company says its use of Microsoft software on its websites and hardware brings a MSFT-ALU licensing agreement into play.
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  • Mar. 11, 2013, 10:41 AM
    Barnes & Noble (BKS +1.3%) breaks higher, fueled by chatter that a M&A adviser has been hired by the company to help it explore strategic options.
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  • Mar. 7, 2013, 9:10 AM
    Barnes & Noble (BKS) announces it will expand content options for its Nook devices with new licensing partnerships with studios and providers. Movies from Lions Gate and Paramount Pictures will be included in the new viewing options for users.
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  • Mar. 5, 2013, 8:55 AM
    Retail expert Hitha Prabhakar thinks Barnes & Noble (BKS) should jump on any Leonard Riggio offer for the retail side of the business before the deal flies away to never return. The trick for B&N is that to argue that it's retail business side is very valuable diminishes the investment Microsoft and Pearson made into Nook Media. BKS +1.8% premarket to $16.75.
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  • Mar. 4, 2013, 9:49 AM
    Will Microsoft buy Barnes & Noble (BKS +5.8%)? The bookstore chain shoots higher in early trading after a Barron's article pitches the case that the retail business is worth $19 a share alone. The crux of the argument is that Microsoft (MSFT -0.2%) would be smart to buy the company to jumpstart its retail business and set up a store-within-a-store concept to boost sales of its tablets.
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  • Mar. 3, 2013, 9:07 AM
    Don't let Leonard Riggio steal Barnes & Noble's (BKS) retail business, writes Andrew Bary, arguing the operations are worth $19/share. Microsoft's and Pearson's investments suggest BKS' Nook stake is also worth $19/share - surely a fanciful figure, but Nook is clearly worth more than zero, he says. The board has alternatives: a large dividend, a spinoff of Nook, or sale of the entire company.
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  • Feb. 28, 2013, 10:28 AM
    Heard during Barnes & Noble's (BKS +3%) earnings call: 1) Further steps to reduce Nook Media costs will be undertaken with underlying profitability an issue. 2) On the hardware business, the company concedes the market has shifted toward a consumer preference for multi-function tablets away from e-readers and that big players are "resonating" in the market more than B&N. The company will "adjust" quickly. 3) Contrary to news reports, the company says it will not accelerate store closings with 95% of its stores still profitable. A new store concept may be tested. (webcast)
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  • Feb. 28, 2013, 9:03 AM
    More on Barnes & Noble's (BKS) FQ3: Revenue fell off faster in the Nook segment (-25.9%) than Retail (-10.3%) or College (-1.3%) as the company puts in another disappointing quarter. Digital content sales only increased 6.8% for the period, a mark which fails to live up to the promises for the business. For FY13, comparable bookstore sales are expected to decline in the low- to mid-single digits. A strategic review of Leonard Riggio's offer for the retail business is ongoing. BKS -3.8% premarket. (PR)
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  • Feb. 28, 2013, 8:34 AM
    Barnes & Noble (BKS): Q4 EPS of -$0.18 misses by $0.71. Revenue of $2.2B (-8.8% Y/Y) misses by $0.2B. (PR)
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  • Feb. 28, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE
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  • Feb. 27, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE
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  • Feb. 26, 2013, 9:29 AM
    Credit Suisse takes a dour stance on Barnes & Noble (BKS), questioning if there is positive value in the unprofitable Nook media division. Without cash flow pouring in from the retail side of the business, CS asks how long can the company keep bleeding losses. BKS +1.0% premarket to $15.20.
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  • Feb. 25, 2013, 12:53 PM
    Midday top 10 gainers: ENMD +26%. OBCI +25%. GALT +19%. APPY +15%. NTWK +12%. BKS +12%. ZNGA +11%. HXM +10%. MGN +10%. CMGE +9%.
    Midday top 10 losers: AFFY -86%. CEDC -55%. DVAX -33%. GGS -31%. GMXR -24%. TROV -17%. EMITF -16%. ESI -14%. FRO -14%. XRSC -13%.
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  • Feb. 25, 2013, 10:50 AM
    Nook hardware: down and perhaps soon out. While Barnes & Noble (BKS +8.4%) jumps thanks to chairman Leonard Riggio's retail buyout offer, the NYT reports B&N's poor holiday season sales have led execs to believe "the company must move away" from hardware development in favor of content licensing. "They are not completely getting out of the hardware business, but they are going to lean a lot more on the comprehensive digital catalog of content," says a source. Amazon (AMZN +0.1%), which has been taking e-reader share from B&N, stands to benefit.
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  • Feb. 25, 2013, 7:41 AM
    Barnes & Noble (BKS) says its Strategic Committee will review an offer from Chairman Leonard Riggio to buy out the retail side of the business. Evercore Partners has been hired to run the numbers on the deal. BKS +17.7% premarket to $15.90.
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Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.