March 12, 2005 |
Amazon.com Inc., the largest Internet retailer, agreed to pay $27.5 million to settle a shareholder lawsuit that alleges the company misled investors about its finances. The suit accused the company, Chairman Jeff Bezos and two former executives of making false and misleading statements during a three-year span that ended in October 2001, Seattle-based Amazon.com said in a filing with the Securities and Exchange Commission.
March 7, 2001 |
Amazon.com Inc. shares sank 6%, reversing earlier gains, after a report poured cold water on investor optimism that the online superstore could join forces with retail powerhouse Wal-Mart Stores Inc., analysts said. Amazon shares rose in early Nasdaq trading amid a rally in tech stocks, but ended the day off 75 cents at $11.88 after a report in the online edition of the Wall Street Journal said a tie-up between Amazon and Wal-Mart was not expected soon.
November 9, 2008 |
One of the worst things about getting a new gadget or toy is trying to free it from the hard plastic casing. To reduce those battles, Amazon.com Inc. said it was working with manufacturers to make the products it sells easier to open and more environmentally friendly. Initially, the online retailer is altering the packaging in the U.S. for 19 top-selling products from manufacturers including Mattel Inc., Microsoft Corp. and flash memory card maker Transcend Information Inc. The online retailer said that it is looking at eliminating plastic "clamshell" cases and plastic-covered wire ties that hold items in place.
August 20, 2013 |
Over the last year, the Orange County Register has been furiously paddling against a riptide that has newspapers around the country laying off journalists, shrinking coverage and in some cases cutting back home delivery. The Register has doubled the number of reporters and editors to 350 and fattened the paper by adding 22 weekly sections. On a recent Tuesday, it had 72 pages while the Los Angeles Times had 42. The Register's parent company, Freedom Communications Inc. in Irvine, has expanded its 26 weekly community newspapers and turned two into five-day-a-week operations.
August 6, 2013 |
Libraries buy lots of books. Library patrons like to read bestsellers at the library. They have e-book readers and ask: Why can't I check out these virtual books at the library too? The libraries want to provide them, but say the “big six” publishers aren't making it easy. “Libraries say they're being cut out of the market because publishers are afraid they can lose money selling e-books to libraries,” says Lynn Neary in a new report on NPR on Monday. Take, for example, the current No. 1 New York Times bestseller “Zealot: the Life and Times of Jesus of Nazareth” by Reza Aslan.
November 6, 2013 |
Amazon.com wants to help out the corner bookstore. The Seattle Internet giant on Wedneday introduced Amazon Source , a program that enables independent booksellers to earn money from the sale of Kindle e-books -- if they sell Kindle devices and accessores in their stores. A participating retailer can receive 10% of all revenue from Kindle e-books purchased on Kindle devices sold by the store for the first two years after a customer buys the device. PHOTOS: Apple's new Mavericks OS X: Top 10 features to check out Russ Grandinetti, vice president of Amazon Kindle, said the program meant customers no longer had to choose between e-books and their neighborhood bookstore. "Many customers want to read both digital and print books,” he said.
October 12, 2012 |
Amazon Chief Executive Jeff Bezos confirmed that the online retail giant makes no profit on its new Kindle tablet and e-readers. Bezos told the BBC that Amazon sells the new Kindle Fire HD tablets as well as the Kindle Paperwhite e-reader at the company's cost. This is because Amazon is relying on the sales of digital content to make money. Bezos said that once users have e-readers or tablets, they purchase more digital content than they did before. "We want to make money when people use our devices, not when people buy our devices," Bezos said.
September 3, 2013 |
News Corp. has sold its U.S.-based community newspaper group -- eight daily newspapers and 15 weeklies -- to an affiliate of Fortress Investment Group, an asset management firm. Financial terms were not disclosed. Rupert Murdoch's media company acquired the small papers as part of its 2007 acquisition of Dow Jones & Co., publisher of the Wall Street Journal. The Stockton Record was the only California newspaper in the collection. News Corp.'s Dow Jones Local Media Group owned two Oregon papers: the Medford Mail Tribune and the Ashland Daily Tidings.
CALIFORNIA | LOCAL
November 13, 2013 |
If Tina Brown is no longer editing magazines, then magazines must be dying. If Tina Brown is going into the live conference business, then the written word must be dying. That, at any rate, is the assessment of Tina Brown, who may not always be on the cutting edge, but has the uncanny ability to make you think she is. What does the future of communication hold? Less writing. More talking. At a conference in India last week, which was covered by the Hindustan Times , Brown, who is leaving the Daily Beast website at the end of the year, pronounced the death of the very sort of journalism that made her famous.