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Apple Says Government's E-Book Pricing Suit 'Fundamentally Flawed' -Reuters

DOW JONES NEWSWIRES Apple Inc. (AAPL) said in a court filing that the U.S. government's lawsuit against the company concerning e-book pricing is "fundamentally flawed," Reuters reported Wednesday. Last month, the government sued Apple and five e-book publishers, alleging they conspired to raise prices and block Amazon.com Inc. (AMZN) from selling e-books at $9.99. Three publishers settled the suit. Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH (VGH.YY), and Pearson PLC's (PSON.LN) Penguin Group declined to join the settlement. Apple said in the filing that the government incorrectly characterized a comment about the e-book market attributed to Steve Jobs, Reuters reported. The company said: "Apple's entry into e-book distribution is classic procompetitive conduct," Reuters reported. Full story at http://www.reuters.com/article/2012/05/23/apple-ebooks-idUSL1E8GND3220120523 -Dow Jones Newswires; 212-416-2900

Stock News for Amazon.com (AMZN)
DateTimeHeadline
06/24/201608:50:00Finish Line Reports 30% Slide in Profit
06/23/201609:00:00Amazon Web Services Achieves FedRAMP High Authorization
06/23/201608:12:00Correction to Amazon fines story.
06/22/201618:40:00Barnes & Noble Losses Widen in Latest Quarter
06/22/201618:00:00Amazon's New Kindle Brings Back Accessibility for the Blind
06/22/201617:00:00FAA Levies Two More Fines on Amazon
06/22/201616:49:00FAA Levies Two More Fines on Amazon
06/22/201609:17:00Most Affordable Kindle Now Even Better—Thinner and Lighter, a...
06/22/201608:00:00Amazon Announces the Best Books of 2016 (So Far)
06/22/201600:59:00Amazon Announces Plans for Expansion in Georgia with New Fulfillment...
06/21/201618:30:00EBay Names Lyft CEO to Board
06/21/201617:16:00Apple Pays Back E-Book Buyers Following Settlement
06/21/201614:10:00Government Issues Rules on Commercial Drones
06/17/201611:30:00Shutterfly Chairman to Resign in Latest Executive Departure
06/17/201609:00:00Amazon Announces Lineup of Original Family Music Exclusively...
06/16/201613:00:00Amazon Original Series Eat the World with Emeril Lagasse Premieres...
06/16/201611:10:00EU May Decide on Apple Tax Probe In July
06/16/201609:00:00Amazon Original Series Eat the World with Emeril Lagasse Premieres...
06/16/201603:03:00Alibaba's Knockoff Vows Spark Disbelief -- WSJ
06/15/201623:40:00Samsung to Buy U.S. Cloud Services Firm

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