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BUSINESS
December 17, 1998 | From Times Wire Services
Amazon.com Inc.'s stock soared 19% after an analyst set a $400 price target for shares of the fast-growing but money-losing Internet retailer. In a later "clarification" of his views, Henry Blodget of CIBC Oppenheimer & Co. stressed that he was looking at potential gains over a one-year time horizon, not a near-term explosion in the price of the volatile stock. Amazon.com rose nearly $60 in heavy trading on Nasdaq, hitting a record $301.75 before settling back to close at $289, up $46.
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BUSINESS
May 24, 2013 | By Salvador Rodriguez
Not one to be outdone, Amazon.com has become the latest tech giant to reveal plans for new, outlandish headquarters. The online retailer wants to literally bring the "Amazon" to downtown Seattle with a building that features three glass-dome, greenhouse-like structures capable of housing "mature trees," according to the plans the company filed with the city. Amazon said it believes a park-like and plant-rich environment would provide its employees with many positives "that are not often found in a typical office setting.
BUSINESS
October 17, 2012 | By Laura J. Nelson
A free Amazon.com service that makes content-sharing easier on multiple Kindles could bringĀ  students one step closer to shedding their heavy backpacks. Called Whispercast , the service creates a single point to purchase and push out Kindle books across a wireless Internet connection. Amazon announced the launch Wednesday. A teacher or administrator can register students to the classroom's Kindles, sort them into groups for subject or grade level, then distribute readings accordingly.
ENTERTAINMENT
February 29, 2008 | From the Associated Press
Even for an Oprah Winfrey book pick, "A New Earth" has been a sensation. About 3.5 million copies of Eckhart Tolle's spiritual self-help guide have been shipped since Winfrey, host of "The Oprah Winfrey Show," announced her selection four weeks ago. The book has topped the bestseller list on Amazon.com virtually from the moment Winfrey's choice was revealed, and it is the fastest-selling pick ever for Barnes & Noble Inc., according to a statement issued Thursday by Winfrey. It's also a record shipment in a four-week span for any book by Penguin Group (USA)
BUSINESS
December 16, 2013 | By Salvador Rodriguez
Amazon.com is continuing to offer customers new deals on its Kindle Fire HDX tablets, with the most recent promotion giving consumers the option of paying for the gadget in four no-interest installments. The Seattle-based online retailer will let customers who buy the Kindle Fire HDX before Dec. 25 spread their payments across 270 days . Through the offer, customers can pay a fourth of their payment upfront, along with shipping costs and any taxes that may apply. The subsequent payments will then be automatically charged every 90 days.
BUSINESS
December 3, 2013 | By Salvador Rodriguez
Cyber Monday is over, but Amazon.com is still promoting the Kindle Fire HDX by promising customers that it will donate $20 for every tablet that is purchased on Tuesday through Sunday, as part of Giving Tuesday. The offer applies when customers buy a 7-inch or an 8.9-inch Kindle Fire HDX through AmazonSmile , a program recently launched by Amazon. When a customer buys select items through AmazonSmile, the Seattle online retailer will donate 0.5% of the purchase price to a charity of the customers' choosing.
BUSINESS
December 14, 2012 | By Shan Li, Los Angeles Times
Stephen Kling is a devoted Amazon.com shopper, but lately he's been lured back to big-box retailers, buying items from Target and Office Depot. The reason? He can get same-day delivery. Using a smartphone app from EBay, the San Francisco corporate trainer can order products from a variety of bricks-and-mortar retailers and get the items hand-delivered to him that same day, often within an hour. Last month, he ordered a $250 Nexus 7 tablet computer, and it was delivered to him within 30 minutes - at his barbershop.
BUSINESS
June 8, 1999 | RYAN CORMIER, TIMES STAFF WRITER
An Amazon.com ad in the New York Times Sunday that reprinted the newspaper's bestseller list added a new wrinkle to the testy legal dispute between the two companies. Online merchant Amazon uses the Times' survey on its Internet site and offers 50% discounts on books on the newspaper's list. But the Times on May 28 sent a letter to Amazon asking it to immediately stop using the list. Amazon responded on June 3 by suing the newspaper in federal court in Seattle.
BUSINESS
March 27, 2014 | By Salvador Rodriguez
Amazon.com has sent out invitations to members of the media for an April 2 event at which the company is expected to unveil a video-streaming device. The online retailer is scheduled to hold the event in New York at 8 a.m. PDT, according to a screenshot of the invitation posted by Business Insider . The event is to be led by Peter Larsen, vice president of the company's Kindle division. "Please join us for an update on our video business," the invitation reads. VIDEO: Unboxing the HTC One (M8)
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