Stocks to Watch: Barnes & Noble, Lowe's
NEW YORK -- Barnes & Noble(BKS) Chairman Leonard Riggio has expressed interest in buying out the company's consumer-bookstore chain, The Wall Street Journal reported, citing people familiar with the situation.
Riggio is Barnes & Noble's biggest shareholder and his interest, though so far tentative, raises the prospect that the company could be split in two, the Journal noted. It would mean that Barnes & Noble's retail stores would be taken private, and be separated from the company's college-store chain and its Nook business, the Journal said.
Riggio could make a formal announcement this week, one of the people told the newspaper.
Home-improvement retailer Lowe's(LOW) is expected by analysts Monday to post fourth-quarter earnings of.23 cents a share on revenue of $10.84 billion.
An announcement could be made Monday, according to the report.
Stifel was one of the firms that rescued Knight Capital after Knight suffered a trading glitch last year that led to $461.1 million in trading losses.
Hertz Global(HTZ) is forecast by Wall Street to report fourth-quarter earnings of 31 cents a share on revenue of $2.24 billion.
Google's(GOOG) Android unit has been negotiating with music companies to start a paid subscription music-streaming service similar to Spotify AB, the Journal reported, citing people familiar with the matter.
Cooper Tire & Rubber(CTB) is expected by analysts to report fourth-quarter earnings of 85 cents a share.