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 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.
Barnes & Noble Inc. gained after Chairman Leonard Riggio said he will offer to buy the stores and website of the chain he founded more than 40 years ago as it struggles to navigate the rising popularity of digital books.
Barnes & Noble Inc.’s move to shelve a breakup plan for now steps up pressure on the biggest U.S. bookstore chain to stem losses at its e-book division and hatch a new plan for coping with the shift toward digital publications.
Barnes & Noble Inc. founder Leonard Riggio’s $29 million settlement of investors’ claims that he wrongfully pushed the biggest U.S. bookstore chain to acquire his college-textbook firm won a judge’s approval.
Adelphia Communications Corp. was illegally coerced through the use of commercial loans by Citigroup Inc. , Credit Suisse Group AG and other banks trying to get lucrative investment banking work, a lawyer seeking recovery for the defunct cable television company’s creditors said.