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Senate planning vote on Internet sales tax bill

The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years.


Amazon Trims Price of Kindle Fire HD

The Seattle-based Web retailer said the 8.9-inch Kindle Fire HD with 4G wireless capability will start at $399, down from $499. Amazon reduced the price of the Wi-Fi only version by $30 to $269.


Amazon shares set record after strong quarterly profit Inc shares hit a record on Tuesday after it reported better-than-expected quarterly profit, fueled by the growth of higher-margin businesses during the fiercely competitive holiday quarter.


Amazon Has Best Holiday Season Ever, Selling 306 Items Per Second

2012 was a good year for Amazon. Not only has the company announced that the Kindle Fire HD was the #1 best-selling, most gifted, and most wished for product on Amazon, but for the eighth consecutive year, the company ranks #1 in customer satisfaction during the holiday shopping season...


Amazon most satisfying website to shop: survey

Amazon Inc remained the best website for shopping online while JC Penney Co Inc suffered the largest drop in customer satisfaction of any major online retailer this holiday season, according to a survey released on Thursday.


Cyber Monday sales up 17% to nearly $2 billion, exceeding forecast

Cyber Monday

Cyber Monday online sales beat forecasts by nearly half a billion dollars. ComScore on Monday predicted that Cyber Monday would generate $1.5 billion in online sales, but according to Adobe, the shopping day ended up raking in $1.98 billion, which was a 17% increase compared to last year.


Black Friday sales online top $1 billion for 1st time: comScore

Black Friday

Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday.


Cyber Monday likely to be busiest online sales day

Black Friday is a distant memory. Small Business Saturday is long gone. Now, it's Cyber Monday's turn. Cyber Monday, coined in 2005 by a shopping trade group that noticed a spike in online sales on the Monday after Thanksgiving when people returned to their work computers, is the next in a line of days that stores are counting on to jumpstart the holiday shopping season.


Shunning Amazon, Booksellers Resist a Transformation

The 4-Hour Chef

Amazon prides itself on unraveling the established order. This fall, signs of Amazon-inspired disruption are everywhere. There is the slow-motion crackup of electronics showroom Best Buy. There is Amazon’s rumored entry into the wine business, which is already agitating competitors. And there is the merger of Random House and Penguin, an effort to create a mega-publisher sufficiently hefty to negotiate with the retailer on equal terms.


Newly-Minted Billionaire Is Spinning eBay Scraps Into Gold

Michael Rubin is lucky. And he’s also damned good. Lucky, because eBay approached him last year with a $2.4 billion offer to buy his moneylosing GSI Commerce–which provides Web design, customer service and shipping to big-brand retailers–a 51% premium over the share price. Damned, because Rubin has always played so loose and fast that he’s nearly brought on his own ruin–and stoked the wrath of shareholders. Good, because he has an uncanny eye for undervalued assets and a lifelong talent for turning them into gold.


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