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.
December 2, 2013 |
Delivery drones are on their way. Amazon.com on Sunday introduced Prime Air , a futuristic delivery system that the company says will get packages into customers' hands in half an hour or less, delivered via unmanned aerial vehicles. The online retail behemoth posted a video on its website that shows images of a recent Prime Air test flight. In the 80-second clip, which you can watch below, a shopper buys an item on Amazon. The item is then placed into a plastic yellow Amazon container and picked up at the end of a conveyor belt by an Amazon drone, which takes off and soars over a grassy field before depositing the package with a thud outside the shopper's doorstep.
November 20, 2007 |
Amazon.com Inc. is hoping to invigorate a nascent market for electronic books by introducing its own e-book reader with free wireless connectivity. Monday's announcement comes as e-books remain a sliver of overall book sales, partly because they lack the comfort and intimacy of bound paper. Amazon Chief Executive Jeff Bezos said the Web retailer spent three years developing the Kindle reader, which the company is selling online for $399.
June 26, 1999 |
Amazon.com Inc. said it named Joseph Galli as its first president and chief operating officer after Galli decided against joining PepsiCo Inc. Galli, 41, previously was president of Black & Decker Corp.'s global power tools and accessories unit, where he built up its successful DeWalt tool line, until he resigned in April. Amazon.com is expanding its management team as it spends millions of dollars to develop new products and advertise its brand.
July 22, 2010 |
His hot young company just surpassed 500 million users. He's about to be portrayed in a major Hollywood film. Yet nothing says you've hit the big time like being asked to voice yourself on "The Simpsons." Mark Zuckerberg, the 26-year-old phenom behind the world's most popular social networking site Facebook, will play himself as a guest voice on the iconic Fox television show this fall. In the episode, "Loan-A Lisa," Lisa decides to help fund Nelson's new bike company.
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.