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.
January 29, 2014 |
CBS Corp. has expanded its licensing arrangement with Amazon.com, ensuring that classic shows from the CBS library will be available to Amazon's Prime Instant Video service subscribers. The new deal, announced Wednesday, extends the licensing period for older shows from the CBS vault made available to Amazon Prime members at no additional cost to their annual subscription fee of $79. Financial terms of the deal were not disclosed. CBS initially went into business with Amazon three years ago as a digital test.
January 23, 2014 |
On Thursday, Amazon announced the launch of its 15th imprint, Waterfall Press. Waterfall Press will specialize in Christian nonfiction and fiction. Amazon's release notes that in 2014, Waterfall Press will publish both fiction and nonfiction, but its lead titles are all nonfiction. They include "The Four Best Places to Live" by Mark Buchanan, "When You Need a Miracle" by Cherie Hill, who has reached bestseller lists as a self-published author, and "The Quiet Revolution: An Active Faith That Transforms Lives and Communities" by Jay Hein, director of the White House Office of Faith-Based and Community Initiatives under President George W. Bush.
January 8, 2014 |
Episodes of "Extant," the CBS drama series starring Halle Berry and produced by Steven Spielberg's Amblin Television, will be available on Amazon.com Inc.'s Prime Instant video streaming service four days after they first air. The content licensing deal between CBS and the online retailer mirrors the agreement for 2013's summer hit "Under the Dome," based on the Stephen King book. Episodes of "Under the Dome" were also available four days after their original broadcast date for Amazon Prime subscribers. The "Under the Dome was the most-watched TV season on the Amazon streaming service in the last year.
December 27, 2013 |
Talk about a First World problem: Christmas packages that didn't arrive on time. Suffice to say, Christmas 2013 wasn't Amazon's, or UPS' or FedEx's finest hour. But from the uproar , you'd have thought NORAD had mistakenly brought down Santa and his eight tiny reindeer somewhere between Cleveland and Des Moines. In Time magazine (and to digress just a bit, who doesn't like its “Every Time Person of the Year in 30 seconds” online graphic ? Though try naming/explaining some of those middle decades to your teen in milliseconds!
December 26, 2013 |
Amazon.com sold almost 37 million items on Cyber Monday, a pace of 426 a second to be exact. The sales tally for Dec. 2 was one of a number of statistics the Seattle online retailer announced on Thursday. It did not reveal how sales compared to last year's Cyber Monday, but said that overall holiday season sales were its best ever. PHOTOS: Got a Christmas gadget? Here are the apps to download The company also said that it shipped items to customers in 185 countries during the holidays.
December 23, 2013 |
Phil Robertson doesn't like gay dudes. William Powell can teach a surly teenager to make bombs that kill people. Both of them wrote books. The star of "Duck Dynasty," Robertson's memoir “Happy, Happy, Happy: My Life and Legacy as a Duck Commander” is No. 43 on Amazon's bestseller list. In the wake of Robertson's icky anti-gay comments last week, and reports that a Colorado teenager who killed one of his classmates had read Powell's “The Anarchist Cookbook,” media outlets posed the following question to booksellers such as Amazon and Barnes and Noble: Will you continue to sell these books?
December 16, 2013 |
Amazon workers in Germany went on strike Monday, protesting the working conditions at the online retailer's shipping centers. The workers' union, Ver.di, also sent a delegation to the company's Seattle offices. "The Amazon system is characterized by low wages, permanent performance pressure and short-term contracts," Ver.di said in a statement. Amazon employs about 9,000 workers in Germany plus an additional 14,000 seasonal workers; not all of them are union members. According to estimates, about 1,600 people took part in the strikes Monday at three German locations: Bad Hersfeld, Leipzig, and Graben.
December 16, 2013 |
Amazon.com workers in Germany walked off the job Monday to demand better wages and treatment, just as the e-commerce giant heads into the thick of Christmas gift-ordering. The Ver.di union said a round of walkouts in Leipzig, Bad Hersfeld and Graben was planned in tandem with picketing outside of Amazon's headquarters in Washington state. A delegation of German workers is expected to rally outside the Seattle facility along with a collection of American protesters. The online retailer, which has some 9,000 full-time workers in Germany, did not immediately respond to requests for comment.
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.