Amazon CEO to Shareholders: No, We Are Not a Charity
Amazon's low prices and tiny profits have led some observers to accuse the company of being a "charitable organization." In a letter to shareholders, CEO Jeff Bezos hit back.
Amazon's low prices and tiny profits have led some observers to accuse the company of being a "charitable organization." In a letter to shareholders, CEO Jeff Bezos hit back.
There are thousands of free and discounted e-books on the market. A new service, BookBub, helps you pick the best ones.
Barnes & Noble CEO Mitchell Klipper told the Wall Street Journal in an interview that his company will have 450 to 500 retail locations in 10 years -- down from nearly 700 now. Still, he insisted "it's a good business model," despite competition from e-books and online retailers.
The financial markets are closed for the Christmas holiday, but when trading resumes on Wednesday, here's what's likely to help shape the rest of the week on Wall Street.
Apple can no longer be counted on to beat Wall Street's profit targets. The world's most valuable tech company posted mixed quarterly results after Thursday's market close. Though net sales soared 27%, this marked the third miss in the five quarters that CEO Tim Cook has been at the helm.
Amazon has a new plan to get consumers to buy more: Its "Add-on" program enables the e-tailer to offer free delivery on "thousands of items at a low price point that would be cost-prohibitive to ship on their own." But wait -- isn't that just like Amazon Prime? Not exactly. Here's why.
There's plenty of free stuff up for grabs this weekend, including Amazon credits, free antivirus software and Redbox movie rentals.
NBarnes & Noble's first high-definition tablets, unveiled on Wednesday, were well received by analysts who said the devices keep the bookseller in the fight with Amazon.com, Apple, and Google -- for now.
It's going to be a big week for consumer electronics. The fireworks kick off on Wednesday when Nokia and Microsoft will introduce their new Lumia phones, then shift to Amazon on Thursday, when the online retailer is expected to introduce its new Kindle Fire.
It's a painful and pricey college tradition: Buying expensive new textbooks at the beginning of the term, only to turn around and sell them at cheap at semester's end. But Amazon.com hopes to change all that with its move into the textbook rental business.
Sometimes, companies that were once leaders fall hopelessly behind. They may struggle on for years, but their chances to engineer turnarounds have passed. 24/7 Wall St. has found nine of these companies -- names you know well, but that will never be great again.
Amazon.com may be gearing up to start charging for the unlimited video streaming service it now includes free with Amazon Prime. Sound familiar? Of course it does -- just rewind a few months to a summer that Netflix would certainly prefer to forget.
Tablets and e-readers were a popular gift over the holidays, so much so that the number of people who own them nearly doubled between mid-December and January, a new study finds. A report from the Pew Internet and American Life Project set to be released Monday found that 29 percent of Americans owned at least one tablet or e-reader as of the beginning of this month. That's up from 18 percent who said the same in December.
Not since The Ten Commandments have tablets been in such demand. While the iPad launched the market, it's not the only option out there. Read on to find out what your options are when tablet-shopping, and how best to compare the various models.
The death of bookstore chain Borders begs the question: Is there still a place in the Internet-dominated market for brick-and-mortar booksellers and the value they add? Independent bookstores thinks so, and the numbers in the American Booksellers Association, believe it or not, are growing.
Liberty Media, the conglomerate controlled by John Malone, made a $1 billion bid Thursday to buy Barnes & Noble. The bricks-and-mortar bookstore business is declining everywhere, so for Malone's gamble is to pay off, the Nook will have to gain some ground against Apple's iPad and Amazon's Kindle.
The tech giant kicked off an e-reader price war last summer and another may be in store. Why? The company announced Monday that it would cut its price on a new Kindle that will display ads. Will competitors follow its lead?
AT&T says its retail stores will start selling Amazon.com's Kindle electronic book readers Sunday. The e-readers will cost $189, the same price as they currently sell for on Amazon.com, and buyers won't have to sign up for AT&T data plans to get the popular gadget.
The online retail giant functions like two stocks: One is speculative and volatile, with unusually high valuations -- and high demands for returns. The other is for long-term investors, who get rewarded for buying and holding with capital gains and consistent growth.
Borders says it will postpone January payments to many vendors to conserve cash, though the move may do no more than delay a prepackaged bankruptcy or breakup of the company.
As electronic media accounts for a larger and larger portion of the book business, consumers are benefiting from lower prices for books, and manufacturers are enjoying massive sales. But how is the e-book revolution affecting authors? It's opening new opportunities -- but no guarantees.
In these precious few holiday shopping days left, e-readers make for an easy gift for a wide range of family and friends. So, DailyFinance has assembled a guide to the major e-readers and what each one is best suited for as well as what issues you should consider before buying.
Google opened its long-anticipated Internet book store Monday, putting itself in direct competition with Amazon.com. Buyers can read its 3 million e-Books on any Web device or reader -- except on Amazon's Kindle.



























