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Latest Business News: Barnes & Noble CEO Resigns

Wochit 0:47 mins

Barnes & Noble Chief Executive Officer William Lynch has resigned effective immediately, the U.S. bookstore chain said on Monday. The news came just weeks after the company reported another quarter of dismal results. With its deal to acquire control of Sprint and Clearwire almost complete, SoftBank head Masayoshi Son is looking forward to delivering on the promises he has made to shareholders. Flowers Foods confirmed that it has received regulatory approval to acquire the Wonder, Nature's Pride, Merita, Home Pride, and Butternut bread brands; 20 bakeries; and 36 depots from Hostess Brands.

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