Barnes and Noble posts wider 4th quarter loss than last year

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Barnes & Noble Inc. (BKS), the target of a $1 billion bid from Liberty Media Corp., posted a wider fourth- quarter loss from a year earlier, hurt by bankruptcy liquidation sales at Borders Group Inc. and investments in digital books.

The net loss totaled $59.4 million, or $1.04 a share, in the quarter ended April 30, the New York-based company said today in a statement. That missed the projected loss of 87 cents of David Strasser, an analyst at Janney Montgomery Scott LLC.

Full Story: Barnes and Noble fourth-quarter loss widens on investments in digital books