NYSE

Barnes & Noble May Separate Nook Business; Stock Falls 19 Percent on News

Nook Tablet
There's value in the Nook for BN, America's largest bookseller, but there's also a lot of cost. Prices are coming down in the e-reader and tablet spaces, thanks in part to BN competitor Amazon, which launched its new Kindle Fire tablet at a losing proposition against hardware costs to gain immediate market share. Amazon has also slashed prices on its Kindle e-readers, putting further pricing pressure on BN's Nook products.
PepsiCo CEO Indra Nooyi

PepsiCo Layoff Rumblings Confirm Trend for Mass Firings

PepsiCo's reported plans to lay off about 4,000 employees, if confirmed, would be only the latest in a round of mass layoffs large American manufacturers have announced or put into effect just 5 days into the new year.
More news
Morgan Stanley headquarters building in New York's Time's Square

U.S. Stocks Will Fall 8.6% This Year: Morgan Stanley

An analysis released Tuesday by Morgan Stanley analyst Adam Parker suggesting U.S. equities will finish the year more than 8 percent lower than where they began is making those who follow the American stock market nervous. And for good reasons.
Bohai Bay

Chinese Court Accepts $78M Oil Spill-Related Lawsuit against ConocoPhillips

A Chinese court is allowing a $78 million lawsuit brought against ConocoPhillips (NYSE:COP) to move forward, after having dismissed a similar lawsuit in 2011, the state-run Xinhua News Agency reported Friday. The action is being brought by local aquaculture farmers who believe their sea cucumbers were killed by the oil spill.
U.S. Housing Sector

Big Investors Betting We've Hit Bottom on Housing: WSJ

A Wall Street Journal article making the rounds this morning notes some big investors have turned bullish on the housing market in the past quarter. Among the big names mentioned are hedge funds run by SAC Capital Advisors LP, Blackstone Group LP and Goldman Sachs Group.
Google CEO Schmidt

Oh No They Didn't! Top 10 CEO Snafus of 2011

They can make in a month what the average worker earns in a lifetime. Many go about in private jets, employ multiple secretaries and glad-hand dignitaries and world leaders. Perched at the top of major corporations around the world, the chief executive officer blazes trails, inspires awe and commands attention. But under such immense scrutiny, when the CEO slips, the rest of the world takes notice.
IBTimes Logo

Noble Energy Discovers Natural Gas Off Republic of Cyprus

Noble Energy, Inc. (NYSE: NBL) said it has discovered natural gas at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand intervals.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.