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A monumental Barnett Newman canvas fetched a record $43.8 million at a $294 million Sotheby’s auction last night, as contemporary art prices rose with stocks.
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Barnes & Noble Inc. jumped the most in a year following a report that Microsoft Corp. is planning to offer $1 billion to buy the Nook Media unit.
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Barnes & Noble Inc.’s latest effort to revive its Nook tablet business involves another technology giant. This time it’s Google Inc., owner of the world’s most popular search engine.
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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.
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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.
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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.
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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.
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For Barnes & Noble Inc. founder Leonard Riggio to take his bookstores private, he may need to write a check for more than the entire company’s market value.
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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.
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Barnes & Noble Inc. Chairman Leonard Riggio agreed to obtain approval from the board before joining a group to make a bid for the largest U.S. bookstore chain.
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