Business Today: Barnes & Noble chairman halts plan to buy stores as sales slide

	Click to View in Browser 08/20/2013 Barnes & Noble chairman halts plan to buy stores as sales slide (Reuters) - Barnes & Noble Inc's founder and largest shareholder on Tuesday suspended his plan to buy the bookseller's stores, dashing investor hopes for a deal as the company again reported poor quarterly results. Glencore seeks fresh start with $7.7 billion hit to Xstrata LONDON (Reuters) - Glencore Xstrata took a $7.7 billion hit on mining assets acquired in its takeover of Xstrata, drastically reducing the value of projects in the early stages of development. U.S. judge approves Kodak plan to exit bankruptcy NEW YORK (Reuters) - Eastman Kodak Co , once a mighty photography pioneer, earned court approval on Tuesday for a plan to exit bankruptcy as a much smaller digital-imaging company. Penney sales tumble but back-to-school 'encouraging' so far (Reuters) - J.C. Penney Co Inc said on Tuesday quarterly sales tumbled again last quarter, even as reinstated CEO Myron Ullman worked to roll back his predecessor's failed merchandising strategies, but there were signs that customers were returning for the back-to-school season. Wall St. bounces to end four-day skid; retailers gain NEW YORK (Reuters) - The S&P 500 bounced on Tuesday to end a four-day losing skid, as earnings from Best Buy and TJX Cos helped buoy retailers and consumer discretionary stocks. U.S. exchanges reviewing large number of options trades NEW YORK (Reuters) - U.S. exchanges are reviewing a batch of possibly erroneous options trades that occurred at Tuesday's market opening, and NYSE Euronext said it anticipates most of the affected trades on its Amex Options market will be cancelled. Home Depot reaps benefits from U.S. housing rebound (Reuters) - A recovery in the U.S. housing market helped boost Home Depot Inc's quarterly profit and sales above analysts' estimates, prompting the world's largest home improvement chain to raise its outlook for the fiscal year. Alleged kingpin of U.S. penny stock fraud arrested in Thailand NEW YORK (Reuters) - Authorities in Thailand have arrested a Canadian man accused of masterminding a $140 million plan to defraud investors in U.S. penny stocks, as well as another man who allegedly ran the scheme, federal prosecutors in New York said on Tuesday. BHP delays $14 billion Canada potash push as profit drops MELBOURNE/LONDON (Reuters) - Miner BHP Billiton mapped out a cautious approach to expanding into potash on Tuesday, keeping a $14 billion Canadian project alive but delaying production at the giant deposit until at least 2020. Goldman Sachs says exchanges working to resolve options trading issue NEW YORK (Reuters) - Goldman Sachs said on Tuesday the U.S. stock exchanges are working to resolve an issue in options trading, which resulted in a review of a number of potentially erroneous options trades at the start of trading. Related Video Dimon under siege Fundentals don't back up Best Buy stock price- Morningstar's Hottovy Economic News Jackson Hole flying little lower this year without Fed chair Analysis: In choice of next Fed chair, a focus on regulatory views A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend