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Finance Latest News: Departure of Barnes & Noble CEO May Put Focus on Retail


The sudden resignation of Barnes & Noble Inc's chief executive could indicate the struggling bookseller is closer returning to basics: bookstores. William Lynch, CEO since 2010, quit just two weeks after the company reported a 34 percent drop in revenue in its Nook business, a venture he spearheaded that has cost Barnes & Noble hundreds of millions of dollars.

According to Mark Gurman of 9to5Mac, Apple is testing a feature called "Mogul" that allows the iPhone to record video at a super-fast and precise rate -- 120 frames per second. This would allow users to make slow-motion films, a feature already present in competitor phones like the Samsung Galaxy S4 and other sports cameras.

Media tycoon Rupert Murdoch has been recalled to the U.K. parliament to clarify evidence he gave about alleged crimes by his journalists following the emergence of a secret recording.

Murdoch told lawmakers in July 2011 that he was ?shocked, appalled and shamed? by the revelations of phone hacking and illegal payments to public officials.

"Why are the police behaving in this way?" Murdoch said in the recording during a meeting with journalists on sister paper The Sun, published by "It's the biggest inquiry ever, over next to nothing.?