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Barnes & Noble pulls back from Nook business as sales fall
2013-06-25 16:05:00| Telecompaper Headlines
(Telecompaper) US retailer Barnes & Noble has announced plans to scale back its Nook e-reader and tablets business after growing losses in its latest quarterly report. The company took a USD 18.3 million impairment charge on the activities in the fiscal fourth quarter to April, after Nook sales fell 34 percent year-on-year to USD 108 million. EBITDA losses from the activities swelled to USD 177 million from USD 77 million a year ago, including USD 133 million in inventory write-downs. The company said it will continue to design e-reader products based on its Simple Touch and Glowlight platforms, but pursue a partnership with a consumer electronics company for the manufacturing of tablets. It will sell off its remaining inventory of Nook devices before launching a new range of co-branded products. It will also continue to grow its offering of e-books and Nook apps.
Tags: back
business
sales
fall
Melting ice pulls Norway closer to Asia
2013-06-23 15:35:50| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The town of Kirkenes in northernmost Norway used to be further away from Asia than virtually any other European port, but it suddenly seems a lot closer. The reason: Global warming. Melting ice has opened up the Northern Sea Route along Russia's Arctic coastline, changing international trade patterns in profound ways -- even if so far it looks more like a sleepy county road than a busy, four-lane highway. In a change of potentially revolutionary significance, the travel time between the Japanese...
Indonesian logging giant pulls out of FSC certification scheme
2013-06-23 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Following a complaint filed by environmental groups, Indonesian forestry giant Asia Pacific Resources International Limited (APRIL) has pulled out of the Forest Stewardship Council (FSC), an eco-labeling initiative for timber and other forest products. "On 14 June 2013, the FSC International received from our Asia-Pacific and China offices written requests by APRIL subsidiaries to withdraw their FSC certificates," said the FSC in a statement. "No reason for the withdrawal was offered." APRIL...
Tags: scheme
certification
giant
logging
Sony Pulls Console-Paralyzing PS3 Update
2013-06-20 20:55:39| TechNewsWorld
After a routine firmware update was reported to "brick" some users' PlayStation 3 devices, Sony on Wednesday pulled the update until it is able to resolve the problem. "Hi guys, we're aware of reports that the recent PS3 update (4.45) has caused," wrote PlayStation Europe in a Wednesday tweet. "We have temporarily taken 4.45 offline and are investigating."
Urban Outfitters pulls pill-bottle shot glasses
2013-06-19 22:53:41| Apparel - Topix.net
Political leaders in drug-plagued Kentucky say they're pleased that retailer Urban Outfitters has stopped selling flasks, shot glasses and pint glasses that look like prescription pill bottles.
Tags: shot
urban
glasses
pulls
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