|Bid||0.00 x 3200|
|Ask||0.00 x 36900|
|Day's Range||5.93 - 6.20|
|52 Week Range||4.10 - 8.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (10.17%)|
|1y Target Est||N/A|
Book-publishing executives expressed concerns to Barnes & Noble Inc. about continuing management instability at the retail giant and the direction of the business, in the wake of the sudden firing last month of Demos Parneros as chief executive. The next CEO will be Barnes & Noble’s sixth since 2013. Publishers relayed their concerns in meetings with Barnes & Noble in the weeks following Mr. Parneros’s exit, people familiar with the matter said.
The ratings on Cl. A and Cl. B were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, and Moody's stressed debt service coverage ratio (DSCR) are within acceptable ranges. The ratings on Cl. C and Cl. D were downgraded due to an increase in Moody's LTV as a result of a decline in performance as well as ongoing concerns of increased competition. Factors that could lead to an upgrade of the ratings include a significant amount of loan paydowns or amortization, an increase in defeasance or an improvement in loan performance.
The following are the top stories in the Wall Street Journal. - Nike Inc is raising salaries for more than 7,000 employees after an internal pay review and changing how it awards annual bonuses to its global staff, part of a broad overhaul of compensation at the sportswear giant. - Satellite imagery shows North Korea has begun taking down its main satellite launch facility, an apparent confidence-building measure by Pyongyang amid concerns about the slow pace of progress on dismantling the country's nuclear weapons programs.
July 24 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Nike Inc is raising salaries for more than ...
An investment fund led by Richard Schottenfeld has acquired 5.7% of bookseller Barnes & Noble Inc. and has met with the bookseller’s senior management to discuss how to improve the company’s performance, according to a securities filing. In an interview, Mr. Schottenfeld said he began purchasing his stake in May. He believes Barnes & Noble can better manage its expenses while improving its in-store shopping experience. He also said consumers are frustrated by the retailer’s online shopping efforts. “It’s our preference to work with the companies in which we invest,” said Mr. Schottenfeld.
Auto parts retailers have been spared from sharing the same fate as Barnes & Noble, Toys R Us and so many other companies rendered redundant by Amazon. About 80 percent of AutoZone's business comes from people repairing their own cars with the other 20 percent coming from professional mechanics. Amazon AMZN has crushed many iconic American companies, but auto parts retailers like O'Reilly ORLY and AutoZone AZO have managed to fend them off.
Crutcher, who worked at Texas Instruments for 22 years, had been serving as CEO for just six weeks. Texas Instruments, which reported preliminary second-quarter results Tuesday, said the resignation was not related to company strategy, financial reporting or operations. "For decades, our company's core values and code of conduct have been foundational to how we operate and behave, and we have no tolerance for violations of our code of conduct," Mark Blinn, lead director of the TI board, said in a statement.
Companies in all sectors are trying to jump on the demise of Toys “R” Us, the 60-year-old retail giant that recently closed the last of its doors after filing for Chapter 11 bankruptcy last year. Amazon is coming out with a printed toy catalog for the holidays, to be mailed and handed out at Whole Foods, the grocery store chain the company bought last year, Bloomberg reported, citing unnamed sources. Party City will open 50 toy pop-up shops, called “Toy City,” which will be in select locations starting in September and run through the holiday season.
used the quieter trading day to unexpectedly announce the termination of its CEO, Demos Parneros. Interestingly, the company's statement didn't explain the reason why Parneros was being terminated, other than to say that the action did not involve any breach of "financial reporting, policies or practices or any potential fraud relating thereto" and came on advisement of its law firm. This news is both surprising and ominous, and while we don't know exactly what happened, and we may never know, it doesn't change the fact that it has been a tough slog for Barnes & Noble over the past few years as consumers shift from traditional books to digital ones as part of an overall trend of an increased digital lifestyle.
According to Barnes & Noble, Demos Parneros was fired from the company for violating its policies. The firing of Demos Parneros comes with some extra string for the former Barnes & Noble CEO. Barnes & Noble notes that it took this action against its former CEO at the advice of law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP.
Among the companies with shares expected to trade actively in Thursday's session are Boeing, Micron Technology, Dell Technologies, Facebook and Barnes & Noble.
Embraer EMBR-BR – Embraer and Boeing BA have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.
Barnes & Noble Inc.’s sudden firing of its chief executive officer after only 14 months on the job dealt another setback to the embattled book seller as it struggles against stiffer competition from Amazon.com Inc. The sudden vacancy at the top leaves Barnes & Noble treading water while it looks for a new leader, said Neil Saunders, a GlobalData Retail analyst. “And in this kind of environment that’s really fast-paced from all the new competition, you can’t really afford to stand still for very long,” Saunders said.
Barnes & Noble Inc. has fired Chief Executive Demos Parneros, citing company policy violations. The bookseller said Tuesday that Mr. Parneros won’t receive any severance pay and that he is no longer a board member. Barnes & Noble didn’t disclose what rules Mr. Parneros may have violated, but said the decision wasn’t tied to any disagreement over financial reporting or any potential fraud.
Wall Street is growing worried about Trump's trade war. three-month earnings revision ratio (ERR) fell for the fourth straight month in June to 1.37 from 1.52, according to Bank of America Merrill Lynch. In February, the ERR was a record 2.64 as Wall Street priced in profit boosts from the Trump administration's tax reform plan.
Barnes & Noble said Parneros will not receive any severance payment and he is no longer a member of the board. The company said it would begin search for a new chief executive, and a leadership group would share the responsibilities of the CEO till a suitable candidate is found.
said late Wednesday it had terminated its CEO, Demos Parneros, for unspecified violations of the company's policies. Barnes and Noble, which operates 630 stores, has suffered nine consecutive quarters of same-store sales declines. The company was an activist shareholder target last year.
"Parneros' termination is not due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud relating thereto," the company said. Barnes & Noble said Parneros will not receive any severance payment and he is no longer a member of the board. The company said it would begin search for a new chief executive, and a leadership group would share the responsibilities of the CEO till a suitable candidate is found.
Barnes & Noble Inc. has fired Chief Executive Demos Parneros for policy violations. The company says he was removed as a board member and will not receive a severance package, according to The Wall Street Journal. A leadership group is taking over Parneros’s duties while they search for a new CEO, per Bloomberg.