Barnes & Noble Considers Selling its Nook E-Reader Business

Shares of Barnes & Noble plunged 17 percent after the book retailer said it's evaluating the possible sale of its Nook e-reader and tablet business. The company also said that as a result of investments in growing its Nook business and slow sales of its $99 Nook Simple Touch e-reader — which competes with rival Amazon's Kindle e-reader — it expects to post a loss for the year of $1.10 to $1.40 a share.