Google Inc. shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps, part of several product updates aimed at attracting more users and advertisers.
Barnes & Noble Inc.’s surprise loss during what’s usually its most profitable quarter was triggered by a 26 percent sales drop at Nook, the only segment that had been growing and is essential to aiding a shift to e-books.
Yahoo! Inc., which named Google’s Marissa Mayer as its new chief yesterday, is pushing for a larger share of the online video audience with “Electric City,” an animated sci-fi series featuring Tom Hanks.
When Laura Provenzano checks the DVD top-seller lists at retailers such as Barnes & Noble (BKS) and Best Buy (BBY), she often sees a small distributor’s fare edge out the latest Hollywood movie titles. A vice president of purchasing and marketing at music and video distributor Alliance Entertainment in Coral Springs, Fla., Provenzano buys from dozens of entertainment companies around the world.
Barnes & Noble Inc. , under pressure from activist investor Ron Burkle , put itself up for sale as a shift to digital books led to losses at the biggest U.S. bookstore chain. The stock jumped the most in a decade.