InfoAnda - B&N's Nook boosts holidays; Borders execs quit

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Statistics Show Rise In Sexual Assault Cases Among Troops | 17 March 2010
Spanish premier to reshuffle cabinet | 20 October 2010
Johnson & Johnson Elevates Scope Of Tylenol Recall | 16 January 2010

Japan unveils new steps to ease credit crunch | 4 March 2009

Forum Views () Forum Replies ()

Read more with google mobile : B&N's Nook boosts holidays; Borders execs quit

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition B&N's Nook boosts holidays; Borders execs quit Reuters - Tuesday, January 4 Send IM Story Print By Phil Wahba and Dhanya Skariachan NEW YORK - Barnes & Noble Inc <BKS.N> reported strong preliminary holiday results at its superstores, led by the popularity of its Nook e-readers, and shares of the top U.S. bookseller gained 9 percent on Monday. Rival Borders Group Inc <BGP.N>, which has been seeking financing to fight credit woes, said on Monday that two top executives resigned. Its shares fell 8 percent after-hours. Borders has been hurt by an industry-wide decline in sales of physical books and has not developed an e-reader to compete with Amazon's popular Kindle device. Barnes & Noble said that same-store sales, or sales at superstores open at least 15 months, rose 9.7 percent for the nine-week period ended on January 1. Barnes & Noble, which put itself up for sale in August, introduced the Nook in 2009 to compete with Amazon.com Inc's <AMZN.O> market-leading Kindle e-reader as it seeks to prove itself viable amid bookbuyers' shift to digital formats. In the fall, the retailer introduced a well-reviewed, enhanced version of the device, NookColor, which has some functions similar to those of Apple's <AAPL.O> iPad tablet. Barnes & Noble in November had forecast same-store sales for the entire current quarter, including the holiday period, would rise between 5 and 7 percent. Barnes & Noble's numbers include Nook devices sold in stores but not on its website. Last week, Barnes & Noble, which operates 717 namesake stores in the United States, said the Nook had become its best-selling single item ever. The retailer said it would release more detailed sales figures on Thursday. Barnes & Noble stands to win market share from smaller rival Borders, which said last week it would delay payments to some vendors as it seeks to negotiate new loan terms, putting into question publishers' willingness to ship it new books. According to the Wall Street Journal, Rowman & Littlefield Publishing Group Inc, which publishes its own titles and distributes books for several hundred publishers through its National Book Network, said it would temporarily stop shipping books to Borders. The New York Times reported that a spokesman for Ingram Book Company, a major book wholesaler, said on Monday the company was still shipping books to Borders. Last week, Borders said it was delaying payments to some of its vendors, just weeks after the company said it was trying to obtain new financing to avoid violating the terms of its credit agreements early in 2011. BORDERS' TROUBLES AGGRAVATE Standard & Poor's analyst Michael Souers downgraded Borders' shares to "sell" from "hold," saying that even if Borders manages to restructure its debt, the new terms would be "onerous." Souers called Borders' situation "dire" and said its current crisis could benefit Barnes & Noble permanently. He said Borders' lack of a proprietary e-reader was damaging. "They've been left behind in the whole digital books transformation," Souers told Reuters, noting that Borders' liquidity problems were all the more alarming because they came during the holidays, traditionally booksellers' biggest season. "We do not comment on outside analysis other than to note that S&P has not spoken with Borders," Borders spokeswoman Mary Davis said in an e-mail to Reuters. Borders, which saw a number of changes to its upper management in 2010, on Monday said Thomas Carney resigned as executive vice president, general counsel and secretary of the company, while Scott Laverty resigned as senior VP and chief information officer. "Tom Carney and Scott Laverty resigned for personal reasons," Davis said in an e-mail to Reuters. "As a matter of company policy, we would not disclose those reasons." In a later e-mail, she added: "Borders is realigning its management structure to meet our business priorities and they resigned to pursue other interests." Borders has been contending with sharp declines in same-store sales. Comparable sales at Borders' superstores fell 13.7 percent in 2009 and 10.8 percent in 2008. Barnes & Noble shares, which closed up 9 percent at $15.42, rose slightly to $15.60 in after-hours trading. Borders shares fell 8.3 percent to 88 cents afterhours from its Monday close of 96 cents. Recommend Send IM Story Print Related Articles Rival tablets fill electronics show in IPad's absence AFP - 14 minutes ago US-TECH Summary Reuters - 45 minutes ago Starz launching "Spartacus" game on Facebook Reuters - 46 minutes ago MySpace eyes major staff cuts: reports Reuters - 2 hours 23 minutes ago Facebook finds powerful 'friend' in Goldman Sachs AFP - Tuesday, January 4 News Search Top Stories Blood test for cancer gets US boost Did Jackson kill himself? Pre-trial hearing due in LA US lets some companies resume Gulf drilling US sees massive drop in bumble bees: study Brazil's 2010 trade surplus lowest in 8 years: official More Top Stories » ADVERTISEMENT Most Popular Most Viewed Falling blackbirds baffle Arkansas officials Hasta la Vista: Arnie quits as California governor Spain lotto winner nearly loses millions by tossing tickets Goldman deal 'values Facebook at $50 billion' Viking wolves return for first solar eclipse of 2011 More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 4 January 2011
Egypt sees Qaeda link to blast
Jet blast, airport closures haunt Russian travellers
Nearly 4 million Sudanese to vote on independence
EU investigates controversial Hungary tax
Three Iraqis, two US soldiers killed in Iraq
News
Iraq and Jordan agree on building oil pipeline
New power cuts threaten Moscow's main airport
News
News
At least 43 African migrants drown off Yemen coast |
US general: Deal with tribe in Taliban bastion
Nearly 4 million Sudanese to vote on independence |
Afghan violence leaves 5 civilians dead
Egypt sees Qaeda link to blast |
Judgement due for Indian doctor accused of helping Maoists
Taliban commander killed in Pakistan: security officials
Israel arrests 2 British consulate staff in gun probe |
US-ENTERTAINMENT Summary
News
Sri Lanka considers banning mini-skirts
"The Archers" celebrates 60th anniversary
China box office rakes in record 1.5 billion dollars in 2010
British actor Pete Postlethwaite dead at 64
"Usual Suspects" star Pete Postlethwaite dies
Microsoft restores Hotmail service after glitch |
Toshiba launches tablet to challenge iPad |
MySpace sale on course for mid-2011: source |
Severe winter weather makes commuting in California a New Year's nightmare
Trash saves man during New York suicide attempt
Fewer mortgage-related firms shut their doors in 2010
Dollar General expands, hiring thousands for new year
Goldman, Russian firm investments raise Facebook value to $50 billion
Expedia drops American Airlines over new site
Hollywood Goes Hi-Tech On New DIY Network Show
Michael Jackson doctor faces death charge in court |
China's box office hits $1.47 billion in 2010 |
Second body found at Swedish film actor's house |
Imax rakes in $546 million in global box office |
Bollywood's small films became big in 2010 |
LVMH to name new head of Kenzo this week: source |
Forbidden Planet actress Anne Francis dies at 80 |
Coptic pope urges calm after Egypt church blast
Israel arrests staff from British consulate
US-TECH Summary
Iran confirms invitation to IAEA ambassadors
Blood test for cancer gets US boost
U.S. denies Iran shot down drones in Gulf
Main Pakistan opposition says will not move against PM |
MySpace eyes major staff cuts: reports
Did Jackson kill himself? Pre-trial hearing due in LA
Australia floods force evacuations, recede in coal |
US lets some companies resume Gulf drilling
Facebook finds powerful 'friend' in Goldman Sachs
US sees massive drop in bumble bees: study
B&N's Nook boosts holidays; Borders execs quit
Iran confirms invitation to IAEA ambassadors |
Brazil's 2010 trade surplus lowest in 8 years: official
Goldman deal 'values Facebook at $50 billion'
No immediate plans to merge Fiat and Chrysler: CEO
Online travel firm Expedia drops American Airlines
"Angry Birds" to land on PlayStation 3 and PSP
Japan, South Korea to discuss defense ties and N.Korea |
Microsoft restores Hotmail service after glitch
Bomb in bag explodes in Kabul, kills policeman |
More Asian men taking over kitchen
Digg founder launches tech newsletter
Snakes, crocodiles threaten flood-hit Australia town
No ongoing talks for MySpace sale: source
Egypt sees Qaeda link to blast; Europe warns Copts |
Facebook tried to buy Twitter in 2008: report
England close in on lead as Australia fight hard
Analysis: Space a frontier too far for U.S.-China cooperation
S.Korea to hold war games against N.Korea infiltration
Australia floods force more evacuations, hit coal exports
"Angry Birds" to land on PlayStation 3 and PSP
Tokyo, Seoul eye more military cooperation -media
"Usual Suspects" star Pete Postlethwaite dies
Pepsi to sponsor Simon Cowell's "X Factor"
Pakistani president vows support for embattled PM
"Spider-Man" musical gets a new actress
U.S. says Pakistan government crisis internal issue
How Blu-ray could speed up 3D TV adoption
Crocodiles, snakes are danger in flooded Australia
John Goodman opening door to September 11 drama
How Blu-ray could speed up 3D TV adoption |
China hands Uighur teen suspended death sentence
LimeWire fighting to bitter end
MySpace eyes major staff cuts: reports |
Starz launching Spartacus game on Facebook |
'Little Fockers' laughs its way to box office lead
Microsoft restores Hotmail service after glitch |
Kim Kardashian premieres new song on New Year's Eve
Goldman, Digital Sky invest in Facebook: source |
LimeWire fighting to bitter end |
Two Borders' execs resign; B&N's Nook boosts holidays |
Seoul shares end at fresh closing high
Philippines' San Miguel to muscle into shipping
AIG gets alternative proposal for Taiwan unit
Seoul shares post fresh closing high
US tech giant Qualcomm to build new Taiwan plant
Pakistani stocks open up despite political crisis
Pakistan
Korea Hot Stocks-Kia Motors, POSCO gain
S.Korea c.bank members saw inflation building up
GS Caltex to build 53,000-bpd VGO FCC for $979 mln
Oprah's OWN wins over cynics but many fans lost out |
How Blu-ray could speed up 3D TV adoption |
Usual Suspects star Pete Postlethwaite dies |
Pepsi to sponsor Simon Cowell's X Factor |
Spider-Man musical gets a new actress |
Zsa Zsa Gabor awaiting decision on leg amputation |
LimeWire fighting to bitter end |
John Goodman opening door to September 11 drama |
Iran invites IAEA envoys to visit nuclear sites
European stocks rise, FTSE starts with a 'bang'
German jobless total tops 3 mln for December
No quick solution to Ivory Coast crisis |
Rival tablets fill electronics show in IPad's absence
China confirms Iran invite
Spain's ACS snaps up stake in German builder
Starz launching "Spartacus" game on Facebook
U.S. hopes for nuclear talks on North Korea soon |
Ivory Coast rivals agree to meet
Afghan police: 1 killed, 3 hurt in Afghan bombing
easyJet buys 15 Airbus A320 planes
Afghan police: 1 dead, 3 wounded in Kabul bombing
U.S. says Kazakh referendum is setback for democracy |
Tajik troops kill al Qaeda warlord: official |
Egypt church blast death toll rises to 23 |
Sudan's Bashir offers hand of peace to south |
Austria to exhume bodies in Nazi euthanasia probe |
U.S. says Kazakh referendum is setback for democracy
N.Korea state agency starts video service
'US not invited' to Iran nuclear sites
Analysis
Iran opens nuclear sites to selected nations
Top global spa trends in 2011
US envoy on mission to ease Korean tensions
Korea's largest tourist shopping event to kick off Jan. 10
Did Jackson kill himself? Pre-trial hearing due in LA
Skype's partner says it is legal in China |
Indian farmer claims to be 'world's oldest dad at 94'
Minimum and maximum temperatures in Celsius
Firefox takes top browser spot in Europe: StatCounter |
U.S. envoy hopes for early talks on North Korea
Online health info popular but often unchecked |
Japan open to talks with N.Korea: foreign minister
New Year ski tweet for Medvedev and Schwarzenegger? |
China's CNPC 'to invest in city hit by oil spill'
GM China sales hit record high in 2010
China nuclear breakthrough 'boosts energy security'
Asian shares rise on outlook for global economy
Chinese website selling iPad2 cases, ordered to remove ads
Hard-working Nicolas Cage stars in Crusade thriller |
Court throws out fine against ABC for NYPD Blue |
Matt LeBlanc pokes fun at himself in TV comeback |
Pink Floyd re-signs to EMI, sides end legal row |
BT denies new Internet offer to create 2-tier Web
UFOs and hope: films probe future Jerusalem |
Firefox takes top browser spot in Europe: StatCounter
China's police use micro-blogs to boost image
Online health info popular but often unchecked
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01