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Latest Amazon Inc. Stories

Regulators Bring Price-Fixing Suit Against Apple And E-Book Publishers
2012-03-08 13:47:10

The U.S. Justice Department has reportedly accused Apple and five large American publishers of colluding to raise the price of e-books. According to a Thursday article in the Wall Street Journal, the Justice Department will file an anti-trust lawsuit against the publishing companies, though insiders say a settlement will likely be reached before the case is taken to court. The Journal cited several sources close the matter as saying that the involved parties are already in negotiations...

Image 1 - Amazon Inc. Unveils New Tablet Computer For $199
2011-09-28 09:22:02

Amazon Inc. unveiled a new tablet computer to try and compete with Apple Inc.'s market dominating iPad. Amazon CEO Jeff Bezos announced at a media event on Wednesday that Amazon's Kindle Fire tablet computer will feature a 7-inch screen and will price for $199.  The device will run on Google Inc.'s Android operating system. The device offers Wi-Fi connectivity only and comes with a free 30-day trial of Amazon Prime, which is the company's $79-a-year membership service to stream...

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2011-02-22 13:20:00

Amazon Inc. rolled out a streaming TV and movie service this week for its prime customers, taking a direct shot at its growing rival Netflix. The company announced on Tuesday that its prime customers can choose among 5,000 TV shows and movies like "Syriana," "Doctor Who: Season 4," and "Analyze This" to stream through computers and devices such as Roku.  The streaming service is available to prime members at no additional cost. "We've have said for a long time that we expect someone to...

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2010-06-22 05:45:00

Amazon Inc. and Barnes & Noble Inc. cut prices on their electronic book readers on Monday, responding to growing competitive pressure from Apple Inc.'s iPad. Amazon cut the price of its Kindle e-reader to $189 from $259, while Barnes & Noble said it would reduce the price of its Nook e-reader with 3G and Wi-Fi connectivity from $259 to $199. By comparison, the least expensive iPad costs $499.  However, a direct comparison of the devices is problematic, since the iPad is a...

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2009-10-03 08:54:52

Amazon Inc. has settled a $150,000 lawsuit brought on by a high school student and another consumer that claimed the online retailer illegally deleted George Orwell's "1984" digital copies from their Kindle e-book readers. The settlement, which was filed September 25, showed that Amazon offered consumers whose books had been deleted a new free digital copy along with $30 back in September. The lawsuit was initially filed in July in U.S. District Court in Seattle and sought class-action...

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2009-06-13 08:05:00

U.S.-based Amazon Inc. says it has agreed to pay Toys R Us $51 million to settle a longstanding breach-of-contract lawsuit. The one-time payment is to be charged against Amazon's second-quarter results and be paid in the third quarter, The Seattle Times reported Saturday. Toys R Us in 2004 accused Amazon of breaking a partnership agreement by selling some toys, games and baby products through its Web site over which Toys R Us claimed exclusive rights. Friday's settlement ends that dispute,...

2009-05-06 10:46:00

Urges Accessibility of New E-book Reader for Students BALTIMORE, May 6 /PRNewswire-USNewswire/ -- The National Federation of the Blind, the nation's oldest and largest organization of blind Americans, commented today on the release by Amazon, Inc. of a new version of its Kindle electronic reading device. The new Kindle has a larger screen than previous versions and is being marketed by Amazon as a potential platform for the display of textbooks for college and graduate students. Dr. Marc...

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2009-04-24 10:25:00

Amazon Inc's first-quarter net profits outperformed analysts' predictions, placing the company among the minority of tech firms that are still experiencing growth during the economic recession. Amazon's net profit increased from $143 million - 34 cents a share - in the first quarter of 2008, to $177 million - 41 cents a share - during the same period this year. Revenue rose 18 percent to $4.89 billion, and Amazon said it expects second-quarter revenue to grow anywhere from $4.3 billion to...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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