Alistair's Feed
Jan 30, 2013

Amazon shares set record after strong quarterly profit

SAN FRANCISCO (Reuters) – Amazon.com Inc shares hit a record on Tuesday after it reported better-than-expected quarterly profit, fueled by the growth of higher-margin businesses during the fiercely competitive holiday quarter.

The world’s largest Internet retailer said that its cloud computing services, video content sales and its aggressive expansion in e-books helped increase profitability.

Jan 29, 2013

Amazon shares hit record after quarterly results

SAN FRANCISCO (Reuters) – Amazon.com Inc shares hit a new record on Tuesday after the world’s largest Internet retailer reported better-than-expected quarterly profit, fueled by growth of higher-margin businesses.

The stock jumped 11 percent to $288 in after-hours trading following its results. The stock hit a record of $284.72 in regular trading on January 25.

Jan 24, 2013

Amazon buys speech-recognition company Ivona

SAN FRANCISCO, Jan 24 (Reuters) – Amazon.com Inc
said on Thursday that it acquired speech-recognition company
Ivona Software, a sign the world’s largest Internet retailer may
be looking to develop more services similar to Apple Inc’s
Siri voice-based search product.

Amazon did not say how much it paid for Ivona and an Amazon
spokeswoman declined to comment on a purchase price.

Jan 22, 2013

Loan start-up Prosper raises $20 million, led by Sequoia

SAN FRANCISCO (Reuters) – Prosper, a leader in the fast-growing “peer-to-peer” lending sector, said on Tuesday it raised $20 million from venture capital firms led by Sequoia Capital, stepping up competition with rival Lending Club.

Prosper also named Stephan Vermut, a veteran from the hedge fund brokerage business, as its chief executive. Dawn Lepore had been serving as interim CEO since last March.

Jan 18, 2013

Wall Street keeps an eye on Amazon’s sales tax hit

SAN FRANCISCO (Reuters) – Amazon.com Inc’s unfamiliar role as tax collector may have dented its crucial holiday quarter by reducing the online retail giant’s longstanding price advantage over its rivals in several major markets.

Sales growth in California for merchants who sold their goods via Amazon lagged growth in the rest of the country after the company began collecting state sales tax there on September 15, according to an analysis by e-commerce firm ChannelAdvisor.

Jan 17, 2013

Amazon holiday results to show sales tax impact

SAN FRANCISCO (Reuters) – Acting as a tax collector may have hurt Amazon.com, Inc’s holiday sales analysts and industry executives said, but they expect to know more when the internet retailer reports its fourth-quarter results on January 29.

Best Buy Co., an archrival of Amazon in consumer electronics, saw holiday online sales increase in three states where Amazon started collecting sales tax ahead of the period.

Jan 17, 2013

EBay tops holiday quarter forecasts on mobile boom

SAN FRANCISCO (Reuters) – EBay Inc reported holiday quarter results that beat Wall Street expectations as the e-commerce company benefited from a boom in mobile shoppers, but it gave a 2013 forecast in line with analyst estimates, restraining share price gains.

The stock rose 1 percent to $53.43 in after-hours trading following the announcement.

Jan 17, 2013

EBay holiday quarter sales rise; cautious on ’13 forecast

SAN FRANCISCO (Reuters) – EBay Inc reported holiday quarter results that beat Wall Street expectations as the e-commerce company benefited from a boom in mobile shoppers, but it gave a cautious forecast for 2013, restraining share price gains.

The stock rose 1 percent to $53.43 in after-hours trading following the announcement.

Jan 16, 2013

EBay holiday quarter sales jump; 2013 forecast cautious

SAN FRANCISCO (Reuters) – EBay Inc reported holiday quarter results that just beat Wall Street expectations, but the e-commerce company also gave a cautious forecast for 2013.

EBay shares climbed 1.2 percent to $53.53 in after-hours trading following the announcement.

Jan 15, 2013

PayPal partners with NCR to get into restaurants, gas stations

SAN FRANCISCO (Reuters) – PayPal took another step in its effort to expand in the physical retail world on Tuesday, unveiling a partnership with ATM company NCR Corp that will get the payment service into restaurants and gas stations.

PayPal, the dominant online payment business owned by eBay Inc, said its mobile service will be integrated with NCR’s point-of-sale, or POS, technology to allow diners to pay for their meal at restaurants using a smartphone.