Bookseller Barnes & Noble Inc said it would spin off its Nook tablets and college books business, sending its shares up about 8 percent in early trading.The Nook business has cost the company hundreds of millions of dollars as it tried to keep pace with deep-pocketed rivals such as Amazon.com Inc, Apple Inc and Google Inc.Barnes & Noble said this month it would develop a tablet with Samsung Electronics Co Ltd after curbing production of Nook tablets last year because of the losses.Barnes & Noble said on Wednesday it more than halved its quarterly loss as it spent less on making and marketing Nooks.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 0.08% or $-0.0701/share to $90.21. In the past year, the shares have traded as low as $55.55 and as high as $95.05. On average, 68443296 shares of AAPL exchange hands on a given day and today's volume is recorded at 6312151.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN fell by 0.31% or $-0.99/share to $323.17. In the past year, the shares have traded as low as $273.50 and as high as $408.06. On average, 4780140 shares of AMZN exchange hands on a given day and today's volume is recorded at 298826.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS traded higher by 8.8% or $1.81/share to $22.37. In the past year, the shares have traded as low as $12.59 and as high as $22.41. On average, 1404950 shares of BKS exchange hands on a given day and today's volume is recorded at 1143218.
Google Inc. (Google), is a global technology company. Shares of GOOG traded higher by 0.71% or $4.004/share to $568.62. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 2168070 shares of GOOG exchange hands on a given day and today's volume is recorded at 149340.
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