Metro-East News

June 25, 2014

Daily business briefing: Barnes and Nobles may split bookstore, Nook into separate businesses

Barnes & Noble says it wants to separate its retail bookstores and Nook media business into two separate public companies. The company says it considering this move as it is looking to boost shareholder value. Read more at http:///www.bnd.com/business. ...

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The Commerce Department reports that factory orders, excluding those for defense, rose 0.6 percent in May, after falling 0.8 percent in April. Orders for core capital goods, or business investment, increased 0.7 percent, after a 1.1 percent drop. Find out more at http://www.bnd.com/business. ...

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The U.S. economy shrank by 2.9 percent during the first quarter. But analysts believe the setback is temporary as the economy has been rebounding since spring. Learn more at http://www.bnd.com/business. ...

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Google plans to unveil an Android update, wearable gadgets and smart home devices at its two-day developer conference, which begins Wednesday in San Francisco. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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