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NEWS ABOUT: Jeff Bezos

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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... More »

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... More »

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... More »

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... More »

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... More »

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,... More »

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