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    Barnes & Noble Drops Nook

    CHICAGO, IL - APRIL 30:  People walk by the entrance to a Barnes & Noble store on April 30, 2012 in Chicago, Illinois. Barnes & Noble plans to spin off its digital business, which includes its Nook e-reader, and partner with Microsoft and to form a new business called Newco. With a $300 million investment, Microsoft Inc. will own a 17.6 percent stake in the new unit.  (Photo by Scott Olson/Getty Images)

    Scott Olson/Getty

    Barnes & Noble is closing the book on the Nook. Falling victim to competition from tech giants such as Apple, Google, and Samsung, the company’s Nook business saw revenues fall 34 percent to $108 million in the fiscal fourth quarter. While black-and-white Nooks will still be offered, a third-party manufacturer will now produce color tablets. Since the announcement Tuesday morning, which accompanied a disappointing earnings report, Barnes & Noble’s stock price has fallen 16 percent.

    Read it at Wall Street Journal