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Sep 18, 2014

Amazon expands Kindle lineup, boosts price of basic e – reader

NEW YORK (Reuters) – Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 (122.32 pounds) e-reader called the Kindle Voyage and its cheapest-ever touch-screen tablet.

The No. 1 U.S. online retailer also revamped its basic Kindle e-reader to include a touch screen. It will cost $79, about 15 percent more than the current basic model.

Sep 18, 2014

Amazon expands Kindle lineup, boosts price of basic e-reader

NEW YORK (Reuters) – Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 e-reader called the Kindle Voyage and its cheapest-ever touch-screen tablet.

The No. 1 U.S. online retailer also revamped its basic Kindle e-reader to include a touch screen. It will cost $79, about 15 percent more than the current basic model.

Sep 16, 2014

Ohio offers Amazon tax breaks to build $1.1 billion data center

SAN FRANCISCO (Reuters) – State and local officials in Ohio are courting Amazon.com Inc with tax breaks and other perks to convince the No. 1 U.S. online retailer to build a $1.1 billion data center in central Ohio and create 120 jobs, according to public records.

The records offer a rare look at the typically tight-lipped company’s growth plans for its popular cloud computing division, Amazon Web Services, founded in 2006. There are 10 AWS data centers, called regions within the company, around the world, including four in the United States, AWS said.

Sep 16, 2014

Authors urge Amazon board to end contract dispute with Hachette

SAN FRANCISCO (Reuters) – More than 1,000 authors, including Malcolm Gladwell, Stephen King and James Patterson, have urged Amazon.com Inc’s directors to end a contract dispute with Hachette Book Group that has cost some writers 90 percent of their sales on the online retailer’s website.

Authors United, a group representing authors, including many published by Hachette, called on Amazon’s 10-person board to end what it called “sanctions” on Hachette book sales on Amazon’s website during the dispute between the two companies over e-book prices.

Sep 15, 2014

Hachette authors urge Amazon board to end contract dispute

SAN FRANCISCO (Reuters) – More than 1,000 Hachette Book Group authors including Malcolm Gladwell, Stephen King and James Patterson have urged Amazon.com Inc’s directors to end a contract dispute with their publisher that has cost some writers’ 90 percent of their sales on the online retailer’s website.

Authors United, a group representing Hachette authors, called on Amazon’s 10-person board to end what it called “sanctions” on Hachette book sales on Amazon’s website during the dispute between the two companies over e-book prices.

Sep 11, 2014

EBay to launch an in-app mobile ad network in fourth quarter

SAN FRANCISCO, Sept 11 (Reuters) – EBay Inc will
begin running advertisements on its mobile app in the fourth
quarter, moving the e-commerce company into the fast-growing and
lucrative market for ads on devices such as smart phones and
tablets.

EBay’s users spend 150 minutes on its app per month, three
times higher than its nearest rival, said Stephen Howard-Sarin,
eBay’s head of display advertising in North America.

Sep 3, 2014

Amazon CFO to step down next summer amid investor discontent

Sept 3 (Reuters) – Amazon.com Inc’s finance chief
plans to step down next summer after more than a dozen years at
the post, the e-commerce company said on Wednesday, at a time
when more investors have been complaining about skimpy profits
and high spending.

Chief Financial Officer Thomas Szkutak, 53, will retire in
June 2015 and be succeeded by Brian Olsavsky, vice president of
finance for global consumer business, Amazon said.

Aug 28, 2014

For many Californians, cost of earthquake insurance outweighs the risks

NAPA Calif (Reuters) – During Sunday’s 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani’s liquor store in Napa, California. He estimates about half his inventory was damaged, winding up in three-foot piles in the aisles.

But that financial hit is far from enough to convince him to buy earthquake insurance for Redwood Liquor. That would mean forking over about 7 to 8 percent of his insured value of $100,000 in premiums alone, he said.

Aug 26, 2014

Fund managers look to make room for Alibaba

SAN FRANCISCO/NEW YORK, Aug 26 (Reuters) – Investors are
looking over portfolios to make room for Chinese e-commerce
giant Alibaba Group Holdings Inc’s market debut next month – and
that means some less attractive stocks that funds are holding
might be shown the door.

The initial public offering, which could top $16 billion to
become the largest-ever IPO by a technology company, is expected
as early as next month after Alibaba management kicks off a
two-week investor road show after the Labor Day weekend.

Aug 25, 2014

Amazon snaps up live video startup Twitch for $970 million cash

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) on Monday said it will buy live-streaming gaming network Twitch Interactive for about $970 million in cash, marking one of the U.S. e-commerce company’s largest deals to date.

The move reflects Amazon’s mounting investments in original television and gaming content over the last few years as the company branches out into businesses beyond retail.

    • About Deepa

      "Deepa Seetharaman is a San Francisco-based reporter covering e-commerce companies, including Amazon.com Inc and eBay Inc. She previously covered the auto industry from Detroit and wrote about airlines, hotels and the U.S. stock market from New York. She joined Reuters in June 2008 after studying journalism and history at Northwestern University."
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