New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 28, 2012
10:05 EDTBKS, PSOBarnes & Noble climbs after Pearson deal despite holiday sales miss
Barnes & Noble (BKS) is advancing after the company announced that its holiday sales would be lower than expected, but also said that British publishing company Pearson (PSO) would invest $89.5M in the American retailer's NOOK unit. Based on preliminary sales results during the holiday season and sales trends, Barnes & Noble expects its holiday sales results will be below expectations, while sales of the company's NOOK e-readers for its current year will not meet its previous forecast. On November 29, Barnes & Noble predicted that its losses from its NOOK unit, excluding certain items, would decrease during its current fiscal year. The retailer also previously reported that its NOOK unit sales had doubled over the four day Black Friday weekend. Meanwhile, Pearson agreed to invest $89.5M of cash in Barnes and Noble's NOOK unit, using a post-investment valuation of about $1.789B. Pearson will receive a 5% stake in the unit, Barnes & Noble added. In early trading, Barnes & Noble climbed 91c, or 6.34%, to $15.26.
News For BKS;PSO From The Last 14 Days
Check below for free stories on BKS;PSO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2014
12:00 EDTBKSBarnes & Noble falls 11.2%
Barnes & Noble is down 11.2%, or $2.08, to $16.52
10:00 EDTBKSBarnes & Noble falls 8.2%
Subscribe for More Information
08:58 EDTBKSOn The Fly: Pre-market movers
Subscribe for More Information
08:46 EDTBKSBarnes & Noble 3.7M share Block Trade priced at $18.30
Morgan Stanley acted as sole book running manager for the offering.
08:31 EDTBKSBarnes & Noble Chairman Riggio says sold 3.7M shares of stock
Subscribe for More Information
April 9, 2014
13:45 EDTBKSBarnes & Noble rises after report says Nook spin may now be more feasible
Subscribe for More Information
13:09 EDTBKSBarnes & Noble shares up more than 3% after reports company will spin-off Nook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use