News Breaks |
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| February 28, 2013 |
| 10:37 EDT |  | BKS, MSFT, PSO | Barnes & Noble says talks with Riggio ongoing, cannot comment further
On its Q3 earnings conference call, Barnes & Noble (BKS) confirmed that discussions between Len Riggio and the strategic committee of its Board in regard to his plan to make a proposal to purchase the retail business are ongoing, but said it could not comment further. The company also said that its Nook Media subsidiary has been financing itself since investments from new partners Microsoft (MSFT) and Pearson (PSO) in October, along with positive cash flow from its College business. B&N said Nook Media has approximately $240M in cash with no debt and it expects the unit to self-finance going forward. The company said that recent news reports that it may be accelerating store closings are inaccurate. The company said historically it has closed 12-22 stores each year, averaging 15 stores a year over the last 10 years, and "that will not change." B&N noted that 95% of its stores are profitable and "we have no plans to close any of these." Shares of Barnes & Noble, which began the session in negative territory, crossed into positive ground as the call continued and are up 40c, or 2.63%, to $15.63 in early morning trading. |
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News For BKS;MSFT;PSO From The Last 14 Days Check below for free stories on BKS;MSFT;PSO the last two weeks. |
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| May 23, 2013 |
| 14:46 EDT |  | MSFT | GameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
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| 11:51 EDT | | MSFT | GameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One. |
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| 11:38 EDT | | MSFT | GameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One. |
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| 11:22 EDT | | MSFT | GameStop believes next-gen consoles will have lower price points than last cycle
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| 11:09 EDT | | MSFT | GameStop says 'right in the middle' of opportunity presented by new consoles
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| 08:31 EDT |  | MSFT | Microsoft increasing cloud services in Japan, WSJ reports
In Japan, Microsoft is expanding capacity for its Windows Azure cloud computing services for businesses, as it bets on growing corporate IT spending in the country, reports the Wall Street Journal. Reference Link |
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| 07:41 EDT | | MSFT | Lenovo warns of tough first half but sees late year boosted by Win8, FT says
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| 06:30 EDT | | MSFT | Microsoft Windows 8 may take up 5%-8% of global tablet shipments, DigiTimes says
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| 05:45 EDT | | MSFT | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
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| May 22, 2013 |
| 11:52 EDT | | MSFT | Uncertainty surrounds GameStop after new Xbox revealed
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| 09:24 EDT | | MSFT | Microsoft CEO says to hire 'several thousand' in China, Bloomberg reports
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| 08:53 EDT | | MSFT | GameStop has positive read through from Xbox launch, says Sterne Agee
Sterne Agee believes that GameStop (GME) will benefit from several aspects of the launch of the new version of Microsoft's (MSFT) Xbox, including the fact that it will accept new games and is launching this year instead of 2014 as some reports had suggested. The firm keeps a $46 price target and Buy rating on GameStop. |
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| 08:45 EDT | | MSFT | Microsoft Xbox very compelling, says Stifel
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| 07:41 EDT |  | MSFT | PROS Holdings to host a conference
Outperform Europe 2013 is being held in Brussels, Belgium on May 22-23. |
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| 07:29 EDT | | MSFT | Xbox won't hurt pay TV companies in near-term, AllThingsD says
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| 07:24 EDT | | MSFT | NetEvents International to host a summit
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| 07:12 EDT | | MSFT | GameStop may see pressure from used game uncertainty, says Piper Jaffray
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| May 21, 2013 |
| 15:40 EDT | | MSFT | GameStop off lows after Microsoft says Xbox One will allow resale of games
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| 15:39 EDT | | MSFT | Microsoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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| 15:24 EDT | | MSFT | Microsoft Xbox One seems to restrict used games, Kotaku says
Microsoft's (MSFT) Xbox One won't require an "always-on" Internet connection, but could very well block used games, Kotaku said, based on a company response given to a question posed by Wired. The Fly notes that GameStop (GME) shares are down 4.75% to $36.92 in late day trade following Microsoft's Xbox One event. Reference Link |
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