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Lowe's Q4 comps up 1.9%
MOORESVILLE, N.C. — Lowe’s reported net earnings of $288 million and diluted earnings per share of 26 cents for the fourth quarter of 2012. As a result of the extra week in 2011, net earnings for the fourth quarter declined 10.6% and diluted earnings per share were flat from the fourth quarter of 2011.
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Founder of Barnes & Noble to bid for chain’s retail assets
New York -- Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business. Riggio is Barnes & Noble’s largest shareholder, owning nearly 30% of the company.
The offer would not include Nook Media, Barnes & Noble’s e-book division.
Barnes & Noble said in a statement that it had formed a special board committee of three directors to consider Riggio’s proposal. There is set timetable for the process.