New York Mayor Bill de Blasio, who took office Jan. 1 promising to reduce economic inequality, said he wants to end a 43-year policy that restricts admission at the city’s elite high schools to students who score highest on a standardized test.
Barnes & Noble Inc.’s shareholders voted to keep Chairman Leonard Riggio on the board of the company he founded, rejecting an attempt by Ron Burkle’s Yucaipa Cos. to shake up the largest U.S. bookstore chain.
Barnes & Noble Inc. Chairman Leonard Riggio testified that he’s been displeased for years with Yucaipa Cos.’ Ron Burkle , who is asking a judge to change the bookseller’s “poison pill” anti-takeover defense so he can buy more of its stock.
Barnes & Noble Inc. founder Leonard Riggio suspended his efforts to bid for the company’s retail unit as losses widen at the bookstore chain. The shares fell, more than erasing their gain for the year.
Barnes & Noble Inc.’s founder and chairman, Leonard Riggio, told the bookstore chain he is interested in buying its consumer business and spinning out the unit that makes the Nook tablet, a person familiar with the matter said.