Time for your daily dose of Trending Tickers, the stocks that you're tracking as measured by Yahoo finance ticker searches:
Barnes & Noble (BKS) - The bookstore chain jumping over 10% today on news it will hive off a part of the business. Barnes & Noble's Nook e-reader division, once trumpeted as competitor to Amazon's kindle, will be spun off as a separate unit. While the Nook division was a massive drag on Barnes & Noble's bottom line the past few quarters it was able to cut its losses by sixty-nine percent during last quarter, in part because of lower marketing expenses and other cost cuts.
Monsanto (MON) - Shares of the world's largest seed producer jumping today as the company announced it's largest share buyback ever. Monsanto will purchase $10 billion in shares over two years, financed by debt offerings. The company also lifted its full year earnings forecast, and beat Wall Street earnings estimates for the most recent quarter. Shares of Monsanto were only up three percent before today's big move.
CBS Corporation (CBS) - The network behind the numerous CSI spinoffs and reality pioneer Survivor popping today after getting a boost from the Chief Justice John Roberts' Supreme Court. The highest court in the land ruled that Aereo, a Barry Diller-backed company that retransmits broadcast network content over the internet, had violated U.S. copyright law. This is a huge win for broadcasters, as well as sports leagues like the NFL which argued Aereo did not have the right to retransmit their content. Unfortunately for Aereo, this might be the beginning of the end.
Those are your trending tickers today -- tell us what stocks you're watching on twitter using the hashtag #TrendingTickers.
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