Michael Souers

Sony’s $100 Billion Lost Decade Supports Loeb Breakup

Sony Corp. has a $100 billion reason to consider Daniel Loeb’s breakup proposal.

Barnes & Noble Falls After Projecting Wider Full-Year Loss

Barnes & Noble Inc., the largest U.S. bookstore chain, fell the most in four months after forecasting a wider annual loss than analysts projected and saying it may spin off the Nook e-reader business, its fastest-growing unit.

Borders' Less-Pricey E-Reader to Take on Amazon's Kindle

Borders Group Inc. , the unprofitable bookseller, is entering the digital-book market with an e-reader more than 40 percent less expensive than devices from Amazon.com Inc. and Barnes & Noble Inc.

Barnes & Noble Updates Nook E-Reader Software After Freezes Irk Customers

Barnes & Noble Inc. plans to release a software update to its Nook e-reader this week to stop the screen from freezing, increase its speed and offer a Web browser and games for the first time, a company executive said.

U.S. Sues Apple For eBook Pricing as Three Firms Settle

Apple Inc.’s best defense against accusations it conspired to fix e-book prices may turn on its absence from meetings in Manhattan restaurants where publishing executives allegedly worked out the scheme.

Barnes & Noble Said to Be Likely to End Search Without Buyer

Barnes & Noble Inc. , the largest U.S. bookstore chain, is likely to end its months-long search for a buyer without a sale of the company, said five people with knowledge of the bidding process.

Barnes & Noble Holiday Nook Sales Falter

Barnes & Noble Inc. posted a decline in retail sales in the holiday season as the largest U.S. bookstore chain’s efforts to take on Apple Inc.’s iPad with tablet-style Nooks fell flat with shoppers.

Borders Files Bankruptcy, Is Closing Up to 275 Stores

Borders Group Inc. , the second- biggest U.S. bookstore chain, filed for bankruptcy in New York today after management changes, job cuts and debt restructuring failed to make up for sagging book sales in the face of competition from Amazon.com Inc. and Wal-Mart Stores Inc.

Barnes & Noble Unveils Nook E-Reader That Glows in Dark

Barnes & Noble Inc., the largest U.S. bookstore chain, introduced a Nook e-reader with a screen that glows in the dark, challenging Amazon.com Inc. at a time when prices for digital books may start falling.

Barnes & Noble Falls After Forecasting Possible Loss on E-Book Investments

Barnes & Noble Inc. , the largest U.S. bookstore chain, fell the most in 19 months after forecasting a possible loss for the fiscal year because of a $140 million investment in its digital book unit.

"It's totally being weighed down by the struggling consumer electronics unit and the fact that it's had to subsidize that unit."

- Michael Souers on May 15, 2013

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Holder Confirms U.S. Drones Have Killed Four Americans

Bernanke Says Premature Tightening Would Endanger Recovery

Cameron Meets Security Chiefs on Suspected London Terror

IRS’s Lerner May Have Waived Rights at Hearing, Issa Says

U.S. Stocks Fall on Concern Fed Will Scale Back Stimulus