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BUSINESS
May 5, 2008 | From Reuters
Amazon.com Inc. has sued the state of New York, challenging a new statute requiring Internet retailers based elsewhere to collect New York sales taxes. Amazon, the world's largest Internet retailer, said in a complaint filed with the state's Supreme Court that the new law, which was passed by the Legislature in early April, was unconstitutional, vague and overly broad. Through its "Associates Program," the company pays unaffiliated website operators around the country a commission if they advertise Amazon on their sites.
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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.
BUSINESS
April 11, 2014 | By Ricardo Lopez
Amazon warehouse workers who hate their job and are eyeing the exit now have a lucrative payout offer. Online retail giant Amazon.com is offering its employees up to $5,000 if they quit, Chief Executive Jeffrey Bezos wrote in a letter to shareholders . Bezos spoke about a program offered to employees called "Pay to Quit" and credited Zappos, another online retailer known for its progressive human resources style, for the idea. The program is offered once a year to employees at its warehouses.
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.
BUSINESS
February 15, 2001 | Michael Hiltzik
Amazon.com lost a round in its legal battle to protect its "one-click" patent. A federal appeals court in Washington lifted an injunction barring Barnesandnoble.com from implementing a similar system, which allows repeat customers to submit online orders with a single mouse click by storing their shipping and billing information and using it for every repeat order. Barnes & Noble declined to say whether it would now add the system to its Web site.
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
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)
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.
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