November 17, 2001 |
Amazon.com Inc.'s marketing and merchandising chief, David Risher, will leave in March as the firm reorganizes into five divisions. Amazon.com will merge its U.S. and international operations and divide them into groups overseeing application software, retailing and marketing, services and business development, operations and customer service, and platform software and architecture. Risher joined the Seattle-based company from Microsoft Corp. in February 1997. He couldn't be reached to comment.
July 7, 2001 |
Amazon.com Inc., the largest Internet retailer, has abandoned a free-shipping promotion, ending its most recent test of the relationship between freight charges and online buying. Prices on most books, videos, DVDs and compact discs stayed the same during the promotion, which started June 20, to see if customers preferred no separate shipping charges when buying two or more items, said Bill Curry, spokesman for the Seattle-based company. Some prices went up but now have been lowered. Amazon.
September 5, 2002 |
Amazon.com Inc.'s senior implied credit rating was raised one level by Moody's Investors Service, which said the world's largest Internet retailer will probably generate more cash than it spends. Moody's raised the senior implied rating, or the company's overall rating, to B2 from B3. Amazon.com's bond ratings were confirmed and the outlook is stable. All ratings are "junk." About $2.2 billion of debt is affected. Amazon.com's shares rose 23 cents to $14.83 on Nasdaq.
November 5, 1999 |
Amazon.com Inc. and a feminist book store called Amazon Bookstore Cooperative settled the shop's trademark infringement lawsuit for undisclosed terms. Under the settlement, both will be able to use their respective names, with the bookstore required to use its full name in marketing. "We feel very good about the settlement," said Barb Wieser, president of the Minneapolis bookstore, which started up in 1970. Seattle-based Amazon.com was launched in 1995.
September 29, 2004 |
Amazon.com Inc. and Microsoft Corp. filed lawsuits against U.S. and Canadian companies they claim had used their names to commit fraud on the Internet. One suit accuses Gold Disk Canada Inc. of online forgery known as spoofing by sending e-mails that appear to come from Amazon.com and Microsoft's Hotmail.com, the companies said. Others are accused of using phony Amazon.com e-mail and websites to trick consumers into providing personal financial information, known as "phishing."
February 1, 2000 |
Amazon.com Inc. said it will pay $20 million for a 5% stake in Audible Inc. and promote the company's Internet-delivered content and services for $30 million over three years. Seattle-based Amazon paid about $15.89 a share for the stake in Wayne, N.J.-based Audible, which provides Internet-delivered spoken audio services that include books, information from newspapers and magazines, speeches, language lessons and radio programs such as "Science Friday." Amazon shares rose $2.88 to close at $64.
August 23, 2005 |
Amazon.com Inc. ended its partnership with Eastman Kodak Co. for processing photos online, switching to the services offered by Shutterfly Inc. Shutterfly's photo developing, custom-printed mugs and T-shirts, online albums and photo storage are now available through Amazon.com, Redwood City, Calif.-based Shutterfly said. Amazon.com spokeswoman Jani Strand declined to comment on the change or terms of the arrangement.
August 18, 1999 |
Amazon.com Inc. gave Joseph Galli options to buy 1.96 million shares over the next two decades and a $5-million bonus for joining the company as its president and chief operating officer in June. The executive will get a base salary of $200,000 this year, the company said in a filing with the Securities and Exchange Commission. Galli can exercise the options to buy Amazon.com shares at the price of the shares on June 24, Amazon.com's filing said. The stock closed at $113.63on that day. Amazon.
April 26, 2001 |
The Securities and Exchange Commission is looking into the timing of a stock sale by Amazon.com Inc. Chief Executive Jeff Bezos, the company confirmed. Spokesman Bill Curry said Bezos has responded to the SEC's request for information about the sale of 800,000 shares of stock worth roughly $12 million. He declined to say what information the commission was seeking. Bezos filed documents Feb. 2 and Feb. 5 saying he intended to sell the stock. On Feb. 6, a Lehman Bros.