December 17, 1998 |
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.
October 17, 2012 |
A free Amazon.com service that makes content-sharing easier on multiple Kindles could bring 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.
February 29, 2008 |
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)
December 3, 2013 |
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.
December 16, 2013 |
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.
July 3, 2013 |
The competition between Amazon and Netflix for content is good news for PBS. Last week, Amazon.com struck a deal with PBS for kids' shows "Caillou," "Arthur" and "Daniel Tiger's Neighborhood" as well as episodes of "Nova," "Masterpiece" and Ken Burns documentaries. Earlier this year, Amazon landed subscription video rights to repeats of "Downton Abbey. " PHOTOS: Hollywood backlot moments Now Netflix has renewed and expanded its own deal with PBS. Some of the content Netflix will have rights to overlap with Amazon, but it also has exclusive rights to certain shows, including the murder mystery "The Bletchley Circle" and "Super Why!
June 8, 1999 |
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.
March 27, 2014 |
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)
January 30, 2014
Amazon's profit and revenue both grew in the latest quarter but its results fell below what Wall Street was expecting and shares of the world's biggest online retailer declined after-hours. Amazon has long focused on spending the money it makes to grow its business and expand into new areas, from movie streaming to e-readers and even grocery delivery. Investors have largely forgiven thin profit margins and zeroed in on the company's solid revenue growth and long-term prospects.