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.
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.
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.
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.