Barnes & Noble bails out on Nook tablet biz

Barnes & Noble is taking its losses and running.

In a statement released Tuesday, the retailer revealed that it's pulling out of its Nook tablet manufacturing business in the face of ongoing losses:

" The company plans to significantly reduce losses in the Nook segment by limiting risks associated with manufacturing. Going forward, the company intends to continue to design eReading devices and reading platforms, while creating a partnership model for manufacturing in the competitive color tablet market. Thus, the widely popular lines of Simple Touch and Glowlight products will continue to be …