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April 17, 2014

Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock.

New York -- Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock. After the sale, his holdings are expected to represent approximately 20% of Barnes & Noble’s common stock outstanding.

Riggio said the sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.

February 25, 2013

Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business.

New York -- Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business. Riggio is Barnes & Noble’s largest shareholder, owning nearly 30% of the company.

The offer would not include Nook Media, Barnes & Noble’s e-book division.

Barnes & Noble said in a statement that it had formed a special board committee of three directors to consider Riggio’s proposal. There is set timetable for the process.

August 21, 2012

Barnes & Noble reported that it lost $41 million in the first quarter, compared with a loss of $56.6 million in the same period last year.

New York -- Barnes & Noble reported Tuesday that it lost $41 million in the first quarter, compared with a loss of $56.6 million in the same period last year.

Results were bolstered by sales of e-books and other digital content, said CEO William Lynch.

Overall revenue rose 2% to $1.45 billion, and same-store sales climbed 4.6%. Sales in the retail segment also rose 2% -- to $1.1 billion.
 

July 24, 2012

Barnes & Noble CEO William Lynch was compensated $10 million in 2011, compared to $1.6 million in 2010, according to a report by the Associated Press.

New York -- Barnes & Noble CEO William Lynch was compensated $10 million in 2011, compared to $1.6 million in 2010, according to a report by the Associated Press.

The difference is due to a large stock option grant, reported AP, as Barnes & Noble compensated Lynch for expanding the retailer’s digital business. However, an SEC filing revealed the retailer planned to pay Lynch double the $5.3 million in stock options it granted, but found it couldn't due to its 2009 incentive plan rules.

October 31, 2011

Barnes & Noble is expected to unveil the new Nook -- its response to Amazon.com's new Kindle Fire tablet -- next Monday, the Associated Press reported.

New York City -- Barnes & Noble is expected to unveil the new Nook -- its response to Amazon.com's new Kindle Fire tablet -- next Monday, the Associated Press reported.

Barnes & Noble invited journalists and analysts to a news conference for a "very special announcement" that day.

October 21, 2011

Barnes & Noble said its CFO Joseph Lombardi has resigned and the company is starting a search to replace him.

New York City -- Barnes & Noble said its CFO Joseph Lombardi has resigned and the company is starting a search to replace him. Lombardi will stay on with the company until mid-2012 to assist in the transition as the company undertakes an executive search for a new CFO.

Corporate controller Allen Lindstrom will take over CFO duties until a replacement is named.
 

January 8, 2009

Barnes & Noble Thursday announced that it has named William J. Lynch Jr. as president...

August 20, 2008

The CEO of Barnes & Noble Inc.’s online business has resigned. Barnes & Noble said...

May 11, 2008

Barnes & Noble Inc. said Monday that it promoted Jaime Carey to chief merchandising officer,...