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Apple Inc. (NASDAQ:AAPL): Barnes and Nobel revealed its new lighter and thinner hi-definition tablets which have the ability to accommodation to multiple as it attempts to make a deeper impact in the tablet market. The prominent U.S. bookstore chain revealed the new devices which will be priced at about $199 for a 7-inch Nook HD tablet with 8 gigabytes of memory and $299 for a 9-inch Nook HD+ tablet, this size is comparable to Apple’s iPad, with 32 GB of memory. IPad prices are nearly double the price of the Nook.
American Greetings Corp. (NYSE:AM) CEO Zev Weiss and President and COO Jeffrey Weiss stated in a regulatory filing that a letter was sent to its Board of Directors discussing Zev and Jeffrey Weiss’ consideration of pursuing a transaction, including additional members of the Weiss family and related parties, for the acquisition of all of outstanding Class A common shares of the company and Class B Shares that are not owned by the Weiss Family as of now. The Weiss family made a proposition for the acquisition ofAmerican Greetings at $17.18 per share, net to the seller in cash. Weiss and Irving Stone will most likely reinvest or rollover all or substantially all of their Class B Shares in the acquiring entity, but they are under no obligation. If the transaction is consummated, the Class A Shares would no longer be traded on the New York Stock Exchange and the registration of the Class A Shares and Class B Shares under Section 12 of the Exchange Act would be terminated.
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Barnes & Noble, Inc. (NYSE:BKS) introduced its NOOK HD and NOOK HD+. These devices are very quick and lightweight 7-inch NOOK HD and 9-inch NOOK HD+ with improved displays for reading and entertainment along with an instantly personalized tablet experience if it is used by multiple people.NOOK HD claims that it has the world’s highest-resolution ever on a 7-inch tablet and NOOK HD+ give competition to the industry-leading tablet’s display. The device’s price starts at $199 for NOOK HD and $269 for NOOK HD+, which is about half the cost of the top large-format tablet, and both products have a great value. With the device, users are able to obtain up to 3 million books, a large selection of magazines and apps, and with the new NOOK Video and NOOK Catalog content, NOOK HD and NOOK HD+ will provide endless reading and entertainment.
Google Inc. (NASDAQ:GOOG) and Samsung (SSNLF) executives have a meeting scheduled for today in Seoul for discussions related to Apple (NASDAQ:AAPL), according to Business Insider. The Korean Times has stated that Samsung has been considering bringing Google into its battle with Apple “to seek royalties for patents”.
Safeway Inc. (NYSE:SWY) was informed by Interstate Meat Distributors that a small amount of ground beef products that was produced for the company included trimmings subject to XL Foods Inc.’s expanded recall. The USDA Food Safety Information Service’s has issued an expanded public health alert for raw boneless beef trim products that were imported from Canada by XL Foods Inc. This meat is possibly contaminated with E. coli O157:H7, and Safeway has made the decision to expand its Sept. 22 recall of ground beef items so that it will include more dates and states. Safeway stores located in Idaho, Montana, Oregon, and Washington (State) will be a part of the recall, which is for all fresh ground beef sold at the self-service meat cooler and the full-service meat counter having Sell By dates of 08-28-12 to 09-23-12. This will also be for every item containing fresh ground beef as an ingredient, including meatballs, sliders, gourmet burgers, etc.
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