Barnes & Noble Is Dumping Its Nook Business
Barnes & Noble Is Dumping Its Nook Business
Jeb Bush Releasing 33 Years of Tax Records in Show of Transparency
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Once a pioneer in the space, the B&N Nook has long lagged behind the Kindle, dragging down the bookseller with it. But no more. Barnes & Noble just announced that it will separate its retail and NOOK Media businesses into two separate public companies. This separation is expected to be complete by the first quarter of the next calendar year. This news comes alongside B&N fourth quarter 2014 financial results where the Nook side of the company continued to drag down the rest of the company. The company saw fourth quarter consolidated revenues increase 3.5% to $1.3 billion over prior year levels while the Nook side watched revenues decrease 22.3% for the quarter and 35.2% for the year. After the split, the Nook business will no longer have the comfy life raft of Barnes & Noble. It will be sink or swim, and if the brand’s history is any indication, the Nook will not be treading water for very long.
Republican Jeb Bush planned to release 33 years of tax records on Tuesday in what was believed to be the most ever made public by a presidential candidate. Bush, a former Florida governor, is attempting to demonstrate that he is more transparent than his rivals for the 2016 Republican presidential nomination and distinguish himself from Democrat Hillary Clinton. The tax records are expected to cover nearly all of his business career.
Sony Corp. is to raise around $3.6 billion (￥440 billion) through an issue of new stock and bonds on Japanese and international capital markets in order to strengthen its financial base and invest in growth business sectors, the company announced Tuesday. The entertainment to electronics conglomerate is to sell up to 92 million new shares in Japan and overseas, as well as approximately $1 billion (￥120 billion) worth of bonds in Japan only.
Researchers are trying to determine if chemicals used to knock out young children during surgery can have long-term repercussions on memory and development. Anesthetics are powerful modulators of neurotransmission, or communication between neural cells, so the idea that early exposure to these chemicals may alter brain development does not seem far-fetched. Moreover, anesthesia exposure in animals has been linked to long-term learning and memory problems for almost all commonly used anesthetics.
PUERTO RICO governor has called on creditors to postpone bond payments and restructure the U.S. territory's $72 billion in public debt as the government closes out its fiscal year Tuesday amid growing uncertainty about the island's economy. Gov. Alejandro Garcia Padilla said Monday night that he will start meeting this week with legislators of all political parties as well as religious leaders and business owners to talk about how best to solve the financial crisis, which has drawn comparisons to the debt crunch that has hit Greece.
The full schedule of Pope Francis’s September 19-28 trip has been announced. He will be the first pontiff to address US Congress. And on September 24th, Pope Francis will meet with homeless people, immigrants and prisoners during his upcoming trip to Cuba and the United States. He will also preside over a meeting about religious liberty, a major issue for the US Catholic church after the supreme court’s gay marriage decision.
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