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BUSINESS
February 12, 2014 | By Tiffany Hsu
Amazon.com Inc. and The Home Depot Inc., both giants in their respective retail fields, are heralding the arrival of spring with major hiring surges. E-commerce king Amazon said it will take on more than 2,500 full-time workers in several states as the company's stable of fulfillment centers expands. The employees will be hired to pick, pack and ship customer orders at facilities in Virginia, Kansas, South Carolina, Washington and Tennessee. The online retailer said it hired more than 20,000 fulfillment center workers last year and that the median pay at the sites is 30% higher than the pay at traditional retail jobs.
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BUSINESS
May 9, 2007 | From Times Staff and Wire Reports
Online retailer Amazon.com Inc. and IBM Corp. settled all their patent infringement lawsuits and signed a long-term patent cross-license agreement, the companies said. Under the deal, Amazon.com will pay IBM an undisclosed amount of money, and each company will share some of their technology. Amazon.com said the settlement would not affect financial results.
BUSINESS
October 8, 2009 | Times Wire Reports
Amazon.com Inc. is cutting the price of its Kindle electronic-book reader yet again and launching an international version. With Wednesday's $40 reduction on the Kindle, the device now costs $259. It debuted in 2007 at $399 and started this year at $359, before another price cut in July.
BUSINESS
March 21, 2008 | From Times Staff and Wire Reports
Amazon.com Inc. in Seattle apologized to buyers who had to wait as long as six weeks to receive the Kindle electronic reading device. Amazon.com sold out of Kindle devices in 5 1/2 hours after they went on sale in November and has been trying to increase manufacturing capacity, Chief Executive Jeff Bezos said.
BUSINESS
July 18, 2003 | From Bloomberg News
Amazon.com Inc., Borders Group Inc. and other retailers were accused in a lawsuit of illegally using patented technology that uses shoppers' information to customize visits to their Web sites. Pinpoint Inc. sued the retailers in U.S. District Court in Illinois, alleging they have infringed four patents that cover personalization technology.
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