Barnes & Noble ( BKS) is trending after the retailer's chairman, Leonard Riggio, said he plans to bid for the company's retail assets. Riggio told the company's board that he plans to buy Barnes & Noble Booksellers Inc. as well as its Web site. Riggio does not plan on bidding for the Nook e-reader business. Shares of Barnes & Noble rose as much as 26% on the news. Riggio already owns nearly 30% of Barnes & Noble. In a regulatory filing, he said the purchase would comprise mainly of cash and the assumption of some debt. The company has set up a committee to consider Riggio's proposal. Barnes & Noble's retail business has struggled as more and more customers turn to e-readers and books in digital formats.
Lowe's ( LOW) is another popular search. The home-improvement chain reported fourth-quarter results that beat analysts' estimates, helped by consumers looking to repair their homes after incurring damage from Hurricane Sandy. Lowe's reported net income of $288 million, or 26 cents a share, in the quarter, compared with $322 million, or 26 cents a share, a year ago. Analysts had been expecting a profit of 23 cents a share. Looking ahead to the full year, Lowe's predicted earnings of about $2.05 a share, below analysts' expectations of $2.09 a share. The company also forecast total sales for the year rising 4%, while analysts had expected a 3% rise.