Wednesday, February 23, 2011

Book chain halts dividend, shifts focus - The Boston Globe

Stark times at Barnes & Noble

The largest US bookstore chain suspended its dividend to conserve cash and invest in digital reading. Barnes & Noble Inc.’s third-quarter revenue rose, but its net income fell 25 percent as it continued to invest in its online operations and Nook e-readers.

Book chain halts dividend, shifts focus - The Boston Globe

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