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Stock Market & Financial Investment News

News Breaks
April 17, 2014
08:31 EDTBKSBarnes & Noble Chairman Riggio says sold 3.7M shares of stock
Barnes & Noble's Chairman Leonard Riggio announced the sale of a portion of his holdings of Barnes & Noble stock. Mr. Riggio said he sold 3.7 million shares of Common Stock, after which his holdings are expected to represent approximately 20 percent of Barnes & Noble’s Common Stock outstanding. “After this sale I remain the company’s largest shareholder, a position I feel very good about,” said Leonard Riggio, Chairman of Barnes & Noble. “I love this company and I believe in its future as I do in all of the wonderful people who work here.” Mr. Riggio added that his sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.
News For BKS From The Last 14 Days
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November 25, 2014
11:10 EDTBKSWorldwide tablet growth expected to slow to 7.2% in 2014, IDC says
The worldwide tablet market is expected to see a massive deceleration in 2014 with year-over-year growth slowing to 7.2%, down from 52.5% in 2013, according to a new forecast from International Data Corporation (IDC). At the core of this slowdown is the expectation that 2014 will represent the first full year of decline in Apple iPad shipments. Both the iPad and the overall market slowdown do not come as a surprise as device lifecycles for tablets have continued to lengthen, increasingly resembling those of PCs more than smartphones. "The tablet market continues to be impacted by a few major trends happening in relevant markets," said Ryan Reith, Program Director with IDC's Worldwide Quarterly Mobile Device Trackers. "In the early stages of the tablet market, device lifecycles were expected to resemble those of smartphones, with replacement occurring every 2-3 years. What has played out instead is that many tablet owners are holding onto their devices for more than 3 years and in some instances more than 4 years. We believe the two major drivers for longer than expected tablet lifecycles are legacy software support for older products, especially within iOS, and the increased use of smartphones for a variety of computing tasks." Publicly traded companies in the space include Samsung (SSNLF), Apple (AAPL), Google (GOOG), Amazon.com (AMZN) and Barnes & Noble (BKS). Reference Link
November 24, 2014
14:35 EDTBKSBarnes & Noble volatility increases into Q2 and outlook
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06:29 EDTBKSBarnes & Noble moves into gifts to reverse declines in store traffic, WSJ says
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