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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
01/26/201506:09:11MARKET SNAPSHOT: Apple Earnings, Fed Vie For Investor Attention...
01/26/201504:16:20Amazon Japan Says it is Cooperating With Child-Pornography Investigation
01/23/201516:58:22Box Shares Surge in Market Debut -- 2nd Update
01/23/201513:22:26Box Shares Surge in Market Debut -- Update
01/22/201520:51:37Investors Bet Box Inc. Can Grow Beyond Storage Business--Update
01/22/201509:52:55Amazon in Advanced Talks to Buy Israel's Annapurna Labs
01/20/201511:10:38Starboard to Push Staples, Office Depot Deal -- 2nd Update
01/17/201520:57:19Best Buy's Best Deal: Its Stock
01/16/201510:29:07EU Details Tax Case Against Amazon -- 4th Update
01/16/201510:23:57EU Details Tax Case Against Amazon -- 3rd Update
01/16/201506:13:30EU Details Tax Case Against Amazon -- 2nd Update
01/16/201504:43:06EU Details Tax Case Against Amazon -- Update
01/16/201503:29:14EU Details Tax Case Against Amazon
01/15/201507:40:07EU to Explain Illegality of Amazon's Tax Deal
01/14/201521:40:30RadioShack Prepares Bankruptcy Filing
01/14/201519:58:10Sellers Need Amazon, but at What cost?
01/13/201514:32:16U.S. Stocks Erase Gains After Sharp Morning Rally
01/13/201514:21:07U.S. Stocks Surge on Strength in Tech Sector
01/11/201523:05:33Boyhood,' 'The Affair' Among Big Winners at Golden Globes
01/09/201518:11:44Toys "R" Us Holiday Period Same-Store Sales Down 2.7% -- Update

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