As Barnes & Noble opened the 2014 fiscal year with falling sales across all segments of the business, the biggest news is the admission that chairman Leonard Riggio’s interest in offering to buy the retail bookstores has gone nowhere and is “suspended.” You could have read the tea leaves in the decline in the bookseller’s shares over the last three trading days, with the stock dropping almost 5 percent to $16.67 on Monday. But that will be modest against Tuesday’s trading; shares were down 16 percent in the first hour (down roughly $2.75 a share). In a separate SEC filing […]
