Company News: Barnes & Noble, NYSE Euronext, Nestlè, Abbott Laboratories, Danone, Tribune, Hedge Funds
William Lynch’s exit throws Barnes & Noble into further disarray; NYSE Euronext takes over Libor rate setting; and more
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• Barnes & Noble CEO William Lynch stepped down on July 8 and won’t be immediately replaced, fueling speculation that the company will split its bookstores from its digital division. Lynch oversaw the company’s foray into e-readers and tablets, which had initial success but has since seen sales tumble. In June, Barnes & Noble said it would stop making its Nook tablets. Profits in the retail division, however, are growing.