Amazon, E-commerce | featured news

Amazon.com Inc., the world’s largest Internet retailer, said it will sever ties with its affiliates in California if the state enacts a new law that requires the company to collect taxes on online purchases. California Governor Jerry Brown signed legislation yesterday mandating sales-tax collections by Web retailers, including Amazon, on purchases by state residents. The state’s pending budget plan counts on $200 million from the law. In an e-mail before the bill was signed, Amazon said the legislation was “unconstitutional and counterproductive.”

Amazon.com Inc. on Thursday said that, after less than four years of selling electronic books, it's now selling more of them than printed books. The online retailer said that since April 1, it has sold 105 e-books for every 100 printed books, including printed books for which there is no electronic edition. The comparison excludes free e-books, which would tip the scales further if they were included.

Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts.

Amazon.com, apart from being a major online retailer of books, DVDs, music, games, apparel, and other merchandise, also has a small business of providing cloud and other Web services. It offers Web services like cloud computing and cloud storage service offerings, in which it competes with bigger players like Google, Microsoft and Salesforce.com. Amazon also owns and operates websites such as Audible.com, IMDB.com, and Shelfari.com.

Amazon.com posted quarterly revenue that fell short of analysts' estimates on Thursday and its shares fell almost 10 percent.

On Thursday afternoon, social deals site LivingSocial confirmed rumors of an investment from Amazon, announcing a $175 million in funding from the Seattle-based giant.

Rumor of this buyout has been zipping over the web all weekend, but Amazon has finally confirmed: It's acquired Quidsi, the parent company of online retail sites Diapers.com, Soap.com, and BeautyBar.com. The deal is remarkably similar to the one it did last year with Zappos, purveyors of footwear to the Internet-minded.

Amazon.com Inc has approached media companies with a proposal for a subscription service that gives users unlimited access to some television shows and movies over the Internet in a bid to rival Netflix Inc, two people familiar with the talks said on Tuesday.

Holy crap! Woot has signed an agreement with Amazon - yes, the Amazon - to become an independent subsidiary of the ecommerce colossus.

Amazon.com encountered technical problems Tuesday afternoon that prevented customers from placing orders on the company's website.