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B&N Third Quarter: Nook Drags Down Results

Feb 28 2013: Barnes & Noble's third quarter revenues (ending January 26) fell 8.8%, to $2.2 billion, and the net loss was $6.1 million, compared to net earnings of $52 million a year ago. Sales of $2.2 billion were below analysts' estimates of $2.4 million, Reuters reported. As a ...

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B&N may drop the Nook; chair Leonard Riggio considering buying bookstore chain

Feb 25 2013: Leonard Riggio, Barnes & Noble's chairman and largest shareholder, with 30% of the company's common stock, is exploring the possibility of buying out B&N's bookstore chain.

Additionally, an unnamed source told the New York Times Barnes & Noble is considering a move ...

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Indie bookstores file class action suit against Amazon & big six publishers that could change how ebooks are sold

Feb 22 2013: Three independent bookstores are taking Amazon and the so-called Big Six publishers (Random House, Penguin, Hachette, HarperCollins, Simon & Schuster and Macmillan) to court in an attempt to level the playing field for book retailers. If successful, the lawsuit could ...

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Author files suit against Arthur Conan Doyle Estate asking that Holmes and Watson no longer be protected by copyright laws.

Feb 19 2013: Author and lawyer Leslie Klinger has filed a suit in the US federal court against the Arthur Conan Doyle Estate after the Estate recently tried to extract license fees from him. Klinger asks that the court declare that the famous characters of Holmes and Watson are no ...

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Documentary accuses Amazon of using neo-Nazi guards to keep immigrant workforce under control in Germany

Feb 18 2013: Amazon is at the centre of a deepening scandal in Germany as the online shopping giant faced claims that it employed security guards with neo-Nazi connections to intimidate its foreign workers.

Germany’s ARD television channel made the allegations in a documentary ...

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Department of Justice approves Random House and Penguin merger

Feb 14 2013: The US Department of Justice has approved the Penguin and Random House: The department notified Bertelsmann and Pearson "that it has closed its investigation into the proposed merger of Penguin and Random House, without conditions." according to a statement. The ...

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Barnes & Noble warns of low revenues in upcoming quarterly results

Feb 14 2013: Barnes & Noble is warning that it will not meet expectations for another quarter. The company said late Wednesday that it will report results for the third quarter of the 2013 fiscal year before the market opens on Feb. 28, and that the news will not be good — ...

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Amazon patent to resell ebooks approved

Feb 09 2013: A patent filed by Amazon in 2009 that potentially allows the reselling of used ebooks has been approved. In essence, the patent allows the owner of a Kindle ebook to put it up for resale just as they might a print copy. If the title was purchased, it would disappear ...

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