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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
07/30/201415:15:48Amazon To Invest $2 Billion In India
07/30/201409:45:11U.S. Hot Stocks: Hot Stocks to Watch
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07/25/201411:38:36MARKET SNAPSHOT: U.S. Stocks Fall; Dow Dips Below 17,000
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07/22/201409:53:34MARKET SNAPSHOT: U.S. Stocks Open Higher; CPI In Line With Forecasts
07/22/201409:09:55MARKET SNAPSHOT: U.S. Stocks: Futures Gain On Inflation Data
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07/22/201404:33:55Royal Mail Says Strong Letters Volumes Balancing Out Parcel Pressure...
07/18/201418:53:57TECH STOCKS: Google Spurs Tech Gains Following Earnings
07/18/201418:51:53Amazon Offers Unlimited Reading, Audiobook Service -- 2nd Update
07/18/201418:49:36Correction to Headline for Amazon E-Book Story
07/14/201418:36:37TECH STOCKS: Techs Gain Broadly; Apple Rises On Analyst Upgrade

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