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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
11/26/201404:44:31Dangdang: Pregnant with Opportunity -- Barron's Asia
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11/19/201412:21:25LONDON MARKETS: Royal Mail, Pub Stocks Sink In London Trade;...
11/19/201410:08:32Correction to Royal Mail Says Competition from Amazon Will Hamper...
11/19/201407:57:36Royal Mail Says Competition from Amazon Will Hamper Growth
11/19/201403:20:07Royal Mail 1st Half Revenue Rises
11/19/201403:09:08Royal Mail 1st Half Revenue Rises Despite Amazon Competition
11/18/201414:23:42Soon to Be Single, eBay Gets Back to Shopping
11/18/201411:57:58TECH STOCKS: GoPro Gains Stand Out In Tech's Advance
11/17/201416:15:08Warby Parker Adds Storefronts To Its Sales Strategy
11/16/201416:02:20The Web Is Dying; Apps Are Killing It
11/14/201405:01:09Dutch Confident EU Starbucks Probe Won't Find Illegal State-Aid
11/14/201403:40:09Starbucks' Dutch Tax Deal May Constitute Illegal State Aid, Says...
11/13/201412:54:35Amazon, Hachette End Publishing Dispute -- Update
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11/11/201412:24:31TECH STOCKS: Juniper Networks Tops Tech Decliners On CEO Switch

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