Amazon.com, Online Retailer | featured news

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.com 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.

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 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.

Amazon launched its Black Friday deals store, joining its rivals who are looking to get an early start on attracting holiday shoppers.

Online retailer Amazon.com has tried to become all things to all consumers, but in California, it is about to take on a role it has fought against for years: tax collector.

Amazon says buyers of its new Kindle Fire HD tablet will get the option to turn off the advertisements that appear on its standby screen for $15. The online retailer showed off the tablet last week, and said there would be no option to turn off the ads. That was a departure from Amazon's previous policies. It has shipped Kindle e-readers with "Special Offers" ads on the standby screen, but users could pay to have them turned off.

Amazon.com Inc. is expected to unveil a new Kindle Fire on Thursday as it seeks to take a bigger bite of the tablet computer market and boost sales of digital goods like e-books and movies.

Amazon.com quenched the Kindle Fire on Thursday, saying its first tablet computer is now "sold out." The Internet retailer has a major press conference scheduled for next Thursday in Santa Monica, California. It's widely expected to reveal a new model of the Fire there, so the announcement that the first model is "sold out" suggests that Amazon halted production a while ago to retool for a new model.

The company reported net income of $7 million, or 1 cent a share, on sales of $12.8 billion. It was less profit than analysts had estimated, but the revenue was in line with forecasts.