Today in business: 5 things you need to know

Barnes & Noble shares jump, Ikea gets entangled in Europe's horse-meat scare, and more in our roundup of the business stories that are making news and driving opinion

Ikea's Swedish meatballs have some unwanted additives.
(Image credit: CC BY: yoppy)

1. BARNES & NOBLE SHARES SOAR

Barnes & Noble shares soared by as much as 26 percent early Monday after reports that Chairman Leonard Riggio had told the board he wants to buy the company's stores and website. As book buyers switch to digital formats, the company's sales have declined. During the crucial holiday season, for example, salse dropped by 10.9 percent. The company has been mulling whether to spin off business related to its Nook e-reader. "Riggio loves the (retail) business too much to let it go," Morningstar analyst Peter Wahlstrom said. [Reuters]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.