, Inc. (AMZN) - NASDAQ
  • Apr. 5, 2012, 6:38 PM

    E-commerce startups looking to challenge Amazon (AMZN) are hoping Facebook (FB) and its social sharing features can provide them with the same kind of lift that has been given to many content providers. Already, clothing deals site says it has 3M users who broadcast their purchases to Facebook friends. Commissions generated from e-commerce activity could represent a needed new revenue stream for Facebook.

    | Apr. 5, 2012, 6:38 PM
  • Apr. 5, 2012, 4:49 PM
    IBM and Red Hat (RHT) are giving their official support to the OpenStack cloud infrastructure platform, which backers hope will emerge as an open-source alternative to Amazon (AMZN) and Microsoft's (MSFT) proprietary solutions. Cloud hosting firm Rackspace (RAX) stands to gain from OpenStack's adoption. Other key supporters include Dell, H-P, Cisco, and AT&T. Cloud infrastructure software vendor Citrix Systems (CTXS) just backed out.
    | Apr. 5, 2012, 4:49 PM
  • Apr. 5, 2012, 12:34 PM

    Apple (AAPL) has a 7.85-inch iPad prototype in its labs, says die-hard Apple fan and blogger John Gruber in a recent podcast. The device is said to feature the same resolution as the iPad 1 and 2, rather than a retina display similar to the one in the new iPad. Plenty of rumors (I, II) have already surfaced about a 7.85-inch iPad being introduced to challenge the Kindle Fire's (AMZN) low-end leadership.

    | Apr. 5, 2012, 12:34 PM | 7 Comments
  • Apr. 5, 2012, 12:17 PM

    As publishers brace for a legal settlement that could reduce the rich profit margins they generate from e-book sales, they can take heart in the latest Pew survey data. 21% of surveyed U.S. adults claim to have read an e-book, up from 17% in mid-December. That's still well below the 72% who have recently read a printed book, suggesting there's plenty of room for growth. 28% of adults say they own a tablet or e-reader. (January) (teen survey)

    | Apr. 5, 2012, 12:17 PM
  • Apr. 5, 2012, 9:27 AM

    Publishers Simon & Schuster (CBS), HarperCollins (NWS, NWSA), and Hachette are reportedly close to reaching a settlement over the price-fixing investigations launched by U.S. and E.U. authorities, one that's expected to result in retailers such as Amazon (AMZN) once more having the power to set e-book pricing. However, Apple (AAPL) and two publishers - Pearson (PSO) and Macmillan - don't appear close to settling. (also)

    | Apr. 5, 2012, 9:27 AM
  • Apr. 4, 2012, 4:11 PM

    Amazon's (AMZN -2.8%) tax issues extend beyond the U.S.: British authorities are investigating why Amazon's Luxembourg-based Euro subsidiary paid no taxes on its 2011 U.K. sales, which totaled over $5.3B. It's added Amazon's U.K. ops paid less than $5M in taxes from 2003-2011, and that its corporate structure allows it to charge a VAT of just 3% on local e-book sales, rather than the 20% charged by British rivals. (earlier)

    | Apr. 4, 2012, 4:11 PM | 1 Comment
  • Apr. 4, 2012, 3:15 PM
    Investors underestimate the variable costs in Amazon’s (AMZN -2.9%) business, costs that could hold back margins for longer than expected, Morgan Stanley says in reiterating an Equal Weight rating on shares. While investors are dazzled with the “incremental gross margin” AMZN achieves, those figures “exclude relevant variable costs, which artificially inflate reported gross margins.”
    | Apr. 4, 2012, 3:15 PM
  • Apr. 4, 2012, 2:48 PM

    General Mills (GIS) is the most reputable company in America, according to a study (.pdf) of U.S. consumers conducted by the Reputation Institute. General Mills unseated former top finisher Amazon (AMZN), which fell to #5. KFT, JNJ, and K round out the top 5. AIG and XOM saw major improvements in reputation, while TWC and BAC saw major declines.

    | Apr. 4, 2012, 2:48 PM | 2 Comments
  • Apr. 4, 2012, 12:22 PM

    Best Buy's (BBY -1.4%) online prices averaged 4.2% higher than Amazon's (AMZN -3.1%), according to a Barclays survey that does not paint BBY in a flattering light. Best Buy could claim the best buy on just 4% of products, while AMZN offered a better price on 54%. BBY also offered free shipping on fewer items, and was less competitive on taxes.

    | Apr. 4, 2012, 12:22 PM
  • Apr. 4, 2012, 10:07 AM

    A Piper survey of 5,600 U.S. teens finds 34% claiming to own an iPhone ... and 40% of those who don't planning to buy one in the next 6 months - an encouraging figure for Apple (AAPL), even if intent and action are different things. On the other hand, while 34% of respondents say they own a tablet, only 19% of non-owners are looking to buy one in the next 6 months. For e-readers, the figures are a mere 17% and 5%. (previously)

    | Apr. 4, 2012, 10:07 AM
  • Apr. 4, 2012, 7:44 AM

    Amazon (AMZN) sees a "huge opportunity" in selling online advertisements for consumer packaged goods companies, according to execs. Macquarie's Ben Schachter agrees, noting that the firm's ability to deliver a highly-targeted audience by filtering through users' buying habits has it well-positioned to grab a big piece of the CPG advertising market. Shares -1.1% premarket.

    | Apr. 4, 2012, 7:44 AM | 1 Comment
  • Apr. 3, 2012, 11:03 AM
    Amazon (AMZN) is testing an in-app purchasing service for Kindle Fire apps, further evidence of its interest in challenging Apple and Google's app stores head-on. Through the service, Amazon is targeting an in-app purchase market that IHS expects will reach $5.6B in 2015, up from $970M last year. Already, the company's Appstore for Android appears to be doing a much better job of monetizing apps than Google Play.
    | Apr. 3, 2012, 11:03 AM | 16 Comments
  • Apr. 3, 2012, 9:38 AM
    Citrix Systems (CTXS) deals a blow to the OpenStack cloud infrastructure platform, which has been embraced by many tech giants, by choosing to migrate its cloud app deployment platform (obtained via its acquisition of from OpenStack to an open-source solution that supports Amazon Web Services (AMZN). In remarks that demonstrate Amazon's current dominance of the cloud infrastructure space, Citrix says AWS compatibility is a must for its solution.
    | Apr. 3, 2012, 9:38 AM
  • Apr. 2, 2012, 6:52 PM

    The plaintiffs in an e-book price-fixing suit levied against Apple (AAPL) and book publishers argue in a new filing they have enough circumstantial evidence to establish an antitrust conspiracy existed. The filing comes amidst reports the DOJ could soon reach a settlement, one that would allow Amazon (AMZN) and other e-book retailers to again set prices. That could be a negative for publishers enjoying huge margins under the current setup.

    | Apr. 2, 2012, 6:52 PM | 3 Comments
  • Apr. 2, 2012, 7:56 AM

    Amazon (AMZN) is downgraded to Neutral at BAML, saying estimates for the company are too high. The Street currently expects Q2 EPS guidance of $0.49, but ML believes it could be just $0.27. Shares -2.4% premarket.

    | Apr. 2, 2012, 7:56 AM
  • Mar. 30, 2012, 6:34 PM

    A trial initiative launched by Amazon (AMZN) that allows merchandise purchased on its site to be picked up at lockers inside 7-Eleven stores appears to be falling flat: The Daily reports the lockers are sparsely used, with one 7-Eleven manager claiming fewer than 2 people/day access them on average. Nonetheless, Amazon is reportedly committed to expanding the trial.

    | Mar. 30, 2012, 6:34 PM
Company Description, Inc. provides online retail shopping services. It provides services to four primary customer sets: consumers, sellers, enterprises, and content creators. The company also provides other marketing and promotional services, such as online advertising and co-branded credit card... More
Sector: Technology
Country: United States