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EBay posts higher 1Q net income and revenue

EBay's first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors sent the company's stock higher in after-hours trading.

 

Amazon CEO Gets $1.68 Million

Amazon founder and CEO Jeffrey Bezos received $1.68 million in total compensation for 2011, the same as in the prior year.

 

Amazon.com to buy Kiva Systems for $775 million

Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology to the e-commerce company's giant network of warehouses.

 

Delta teams up with Amazon to give you free WiFi access for in-flight shopping

Delta Airlines In-Flight Wifi

SkyMiles distributor Delta isn't a newcomer to the land of in-flight WiFi freebies. And, while this time it's not setting a time limit on your browsing, you'll have to stay within the Amazon virtual walls to take advantage.

 

Amazon stays frustratingly silent on Kindle Fire sales data

Kindle Fire

With the rumblings from Amazon about the early success of its new Kindle Fire over the holiday season, the company’s disappointing fourth quarter results came as a surprise. More surprising was Amazon’s silence regarding total Kindle Fire sales for the quarter. During the earnings call, Amazon’s executive team deferred questions about the device to the press release, which simply regurgitated sales data from December.

Senh: I've always wondered why the company refuse to separate the sales figures for each Kindle device. It's obvious that they have something to hide regarding the Kindle Fire. As a public company, aren't they required to published these figures for their stockholders?

 

Amazon Sold 6M Kindle Fires In Q4, Analyst Estimates

Amazon Kindle Fire

The Kindle Fire is…on fire. Despite some mixed reviews from the pundit class, consumers have flocked to Amazon‘s first entry into the tablet market. Stifel Nicolas analyst Jordan Rohan in a new research lifted his estimate for the company fourth quarter Fire sales to 6 million units from 5 million. He also raised his financial estimates for the company, asserting that the Kindle and the Kindle Fire have effectively become the third major mobile ecosystem after Apple iOS and Google Android.

 

Bits Blog: Zappos Says Hackers May Have Accessed Customer Account Details

Zappos.com Hacked

In a letter posted on the Zappos Web site, the company's chief executive said a "criminal" might have obtained customers' names, addresses, phone numbers and partial credit card information.

 

Google Looks to Challenge Amazon Prime with Delivery Service

Google

After watching Amazon corner the online retail market, Google is in talks with merchants to begin a delivery service that would allow users to order items online from local stores and receive them within a day. But does it make sense for Google to directly take on the online retail giant?

 

Reports say 'Cyber Monday' top online shopping day

Online shoppers spent record amounts on the Monday after the Thanksgiving holiday weekend, making it the biggest online shopping day in history.

 

Big sales jump for 'Cyber Monday'

Cyber Monday Sales

After years of being more hype than highlight, Cyber Monday appears on its way to its biggest outing ever. Last year, the Monday after Thanksgiving saw an estimated $1 billion spent online in the United States, making it the biggest e-sales day ever. And analysts said Monday that this year's "holiday" -- the online answer to the annual Black Friday bargain rush on stores -- is on pace to be bigger still.

 

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