The publishing tide is shifting fast: E-book sales in February topped all over formats, including paperbacks and hardcovers, according to an industry report released this week. Get the full story »
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Microsoft sues Barnes & Noble over Nook
A customer tries out a Nook electronic book reader at a Barnes and Noble. (AP Photo/Seth Wenig)
Microsoft Corp. sued Barnes & Noble Inc. and the manufacturers of Barnes & Noble’s Nook electronic book device, escalating a series of patent battles over gadgets based on Google Inc.’s Android operating system. Get the full story »
Ill. to connect online retailers with new partners
Amazon dropped its Illinois business affiliates last week. (AP Photo/Paul Sakuma)
The Illinois commerce department will try to find new partners for businesses that previously sold products through Internet retailers like Amazon.com and Overstock.com. Amazon and Overstock plan to drop Illinois-based affiliates this spring to allow them to avoid collecting sales taxes under a new law that applies to Internet businesses that team up with Illinois partners. Get the full story »
Ackman would finance bid for Barnes & Noble
Hedge fund manager William Ackman is raising his wager on bookseller Borders Group Inc, offering to help it buy larger rival Barnes & Noble Inc for $963.7 million. Get the full story »
Barnes & Noble changes poison pill plan
Bookseller Barnes & Noble Inc. appears to have bowed to shareholder pressure and is changing its shareholder rights plan to limit further stakes by Chairman Leonard Riggio and his family, the company said Wednesday.
Barnes & Noble Nook on way to Wal-Mart shelves
Barnes & Noble Inc. will ship its Nook electronic readers to 2,500 Wal-Mart stores this month to reach more shoppers ahead of the holiday season.
The devices will hit Wal-Mart shelves as soon as Oct. 24 and will be available on the discount chain’s Web site, the world’s largest bookstore chain said in a statement Thursday. Get the full story »
Burkle to keep fighting Barnes & Noble poison pill
Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld a “poison pill” put in place by bookseller Barnes & Noble Inc.
Burkle, Barnes & Noble’s second largest shareholder with 18.8 percent, is locked in a proxy battle with the largest U.S. bookstore chain. He is seeking to install three directors, including himself, at the company’s annual meeting this month. Get the full story »
Barnes & Noble says Burkle not fit for board
Barnes & Noble Co. said activist investor Ronald Burkle was unqualified to be on its board and accused the billionaire of trying to take over the bookseller through a proxy battle without rewarding shareholders. Get the full story »
Barnes & Noble posts 1Q loss on legal costs
Barnes & Noble Inc. posted a first-quarter loss on legal expenses related to its proxy fight with a major shareholder, the struggling book seller said Tuesday. The company cut its annual earnings outlook on the costs related to fighting billionaire financier Ron Burkle.
Burkle deal dead, Barnes & Noble girds for proxy fight
Barnes & Noble said it failed to reach a deal to end a rift with billionaire investor Ron Burkle, casting doubt on the bookstore chain’s ability to attract buyers and raising the specter of a proxy battle.
“Barnes & Noble and Yucaipa were unable to conclude an agreement on mutually acceptable terms,” the company said in a statement on Thursday, referring to Burkle’s investment firm. Get the full story »
Barnes & Noble expands textbook rental program
Barnes & Noble’s college bookstore unit said Monday it is expanding its textbook rental program.
The program, which began as a pilot in January, is offered through campus bookstores managed by Barnes & Noble. Users have the option of renting in campus bookstores or online. Get the full story »
Barnes & Noble reviews sale; Riggio may bid
Barnes & Noble, the world’s largest specialty bookseller, said it was reviewing a possible sale as its board believes its shares are significantly undervalued. Barnes & Noble shares soared 21 percent after the company announced formation of a special committee of four independent directors to consider all options for increasing shareholder value.
Shareholder Leonard Riggio has told the board he would consider being part of a wider investor group that could buy the company. Get the full story »
June 28, 2010 at 11:01 a.m.
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Filed under: Investing, Stock activity, Technology, Wireless Amazon downgraded with crowded e-book market
Despite its early lead in the fast-growing e-book market, Amazon.com Inc. (AMZN) faces growing competition from tech giants Google Inc. (GOOG) and Apple Inc. (AAPL), according to one analyst.
Marianne Wolk of Susquehanna downgraded Amazon to a neutral rating on Monday. In a note to clients, the analyst cited “intensifying competition” in the e-book market, which is creating more uncertainty around the company’s Kindle business. Get the full story »
It’s an E-reader battle as Amazon cuts Kindle price
A price war is heating up in the electronic reader market, as Amazon cut the price of its Kindle e-reader below $200 Monday just after Barnes & Noble did the same with its competing Nook device.
The rapid-fire moves are fanning flames in the still-small but rapidly growing market that the book industry sees as a major part of its future.
On Monday afternoon, online retailer Amazon.com Inc. slashed the price of the Kindle by $70 to $189, just a few hours after bookseller Barnes & Noble Inc. reduced the price of the Nook by $60 to $199 and said it would also start selling a new Nook with Wi-Fi access for $149.
Get the full story »
Barnes & Noble cuts price on Nook e-reader
Barnes & Noble is offering a lower-price Nook electronic reader with a Wi-Fi connection and it’s cutting the price on the original Nook reader, the bookseller said Monday. The Nook Wi-Fi is available now for $149 online at nook.com and bestbuy.com. Get the full story »
