Jeff Bezos

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Wall Street's Tumble Costs Buffett $9.6B

Top CEOs have taken a 28% hit in the value of their company holdings

(Newser) - Next time you check the value of your portfolio, know that America's top executives are taking a pounding with you: Berkshire Hathaway CEO Warren Buffett has seen his holdings in his company decline $9.6 billion this year, reports the Wall Street Journal. And he’s got company. Oracle’s...

Re-Kindling May Not Be Enough
 Re-Kindling May Not Be Enough
ANALYSIS

Re-Kindling May Not Be Enough

Version 2.0 is coming, but a megahit may still elude Amazon

(Newser) - Amazon plans to launch the next generation of its Kindle e-book player in the coming months, but an iPod-sized hit may still be out of the company's grasp, Peter Burrows writes in BusinessWeek. Much-needed improvements are on the way, but the real future for Kindle could be in using its...

Kindle Is King of the Market —But It's a Small Market

Amazon's electronic reader is up against tough demographics

(Newser) - After about 9 months on the market, how goes the Kindle? No official sales figures are out for Amazon's electronic reader, but Liz Gunnison of Portfolio tries to get a sense of things. If you were expecting it to ignite a revolution in reading, keep dreaming. Amazon has likely sold...

Amazon Kept Laughing After Dot-Com Bust
Amazon Kept Laughing After Dot-Com Bust
ANALYSIS

Amazon Kept Laughing After Dot-Com Bust

E-tailer stays nimble as Yahoo, eBay trip into the future

(Newser) - Yahoo, eBay, and Amazon emerged from the dot-com bust as a mighty triumvirate, but only Amazon has kept its mojo in the decade's latter stages, the Economist reports. Yahoo, the oldest of the lot at 14, shooed away Microsoft, surrendered part of its business to Google, and failed to stay...

Video Service Could Be Behind Amazon Glitches

Pending TV and movie streaming may be snarling system

(Newser) - Amazon's new digital video service could be behind the glitches that have been plaguing the site, reports the New York Times. The online retailer was knocked offline for two hours last week and suffered sporadic problems yesterday. Analysts believe the company may be rejigging its distribution system ahead of the...

Amazon to Launch On-Demand Video Streaming

Service to rival Netflix will be up and running within weeks

(Newser) - Amazon plans to open the sluices for pay-per-view video streaming within weeks, Reuters reports. The Internet retail giant already rents videos for download via the Web but is enhancing its digital media service to better compete with rivals like Apple and Netflix. Amazon boss Jeff Bezos told a conference yesterday...

Amazon Q1 Profit Spikes
 Amazon
 Q1 Profit 
 Spikes 
EARNINGS REPORT

Amazon Q1 Profit Spikes

Online retailer sees 30% jump in face of economic slowdown

(Newser) - Amazon posted a 30% profit jump in the first quarter, the Wall Street Journal reports, defying the sluggish economy. Net income was $143 million (34 cents a share) compared with $111 million (26 cents a share) in last year's first quarter. The company’s operating income guidance for the fiscal...

Amazon Gets Late Christmas Present
Amazon Gets Late Christmas Present

Amazon Gets Late Christmas Present

Holiday shopping doubles retailer's quarterly income

(Newser) - Amazon's net income more than doubled in the fourth quarter, in part because of the retailer's sales gimmicks for the holidays, reports the Wall Street Journal. In addition, Amazon released a cheerier than expected forecast for this year's first quarter. The good news could help soothe Wall Street's nervousness over...

Amazon Unveiled as $4M Buyer of Rowling Fairy Tales

Proceeds from the handwritten book will go to charity

(Newser) - The Internet giant of book sales revealed today that it was behind the purchase of "The Tales of Beedle the Bard" in auction yesterday. Amazon paid $3.98 million for the handwritten manuscript -- a record for a children's book and for any modern literary manuscript, not to mention...

Amazon's E-Book Gamble Gets Big Play

Newsweek looks at changes $399 device could wreak on reading

(Newser) - News that Amazon would debut its new Kindle e-book leaked earlier this week, and a Newsweek cover story has the full hype on what Jeff Bezos and company hope to achieve with it. "This isn't a device, it's a service," Bezos says of of the Kindle, pointing to...

Amazon Tries Something Novel With E-book Reader

But similar devices haven't captured the public's imagination

(Newser) - Online retail giant Amazon.com will unveil its highly anticipated electronic-book reader on Monday in New York,  an industry source tells CNET. In the works for more than a year, the Kindle is equipped with a Wi-Fi connection that taps into an Amazon e-book store, which users can access...

Amazon Reports Large Increase in 3Q Sales

Despite 313% jump, stock drops in after-hours trading

(Newser) - Amazon reported strong increases in third-quarter sales, citing once again its low pricing and free shipping for success. But investors may have been hoping for an even larger increase, because Amazon's share prices fell over 8% in after-hours trading. The company netted a profit of $80 million for the quarter,...

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