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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
05/23/201316:17:35Google Copies Amazon's Playbook
05/21/201314:20:07Netflix Original Series 'Derek' to Premiere in September
05/16/201317:22:41TECH STOCKS: Cisco Surge Fails To Sustain Tech Rally
05/16/201316:48:41TECH STOCKS: Cisco Surge Ignites Tech Rally; AMD Slides
05/16/201310:01:14Amazon Expands Content Deal with NBCUniversal
05/14/201319:20:29Google Set to Launch Spotify-Style Music Service
05/14/201307:28:13Amazon Workers in Germany Strike over Wages
05/07/201321:09:16Boehner: 'Probably' Won't Support Online Sales Tax Bill
05/06/201309:10:09Amazon Opens Chinese-Language Application Store
05/06/201308:09:05Amazon's Growing Threat to H-P, Dell and Oracle
05/03/201316:49:35TECH STOCKS: LinkedIn Slumps While Most Techs Close Higher
05/03/201311:09:35TECH STOCKS: LinkedIn An Outlier As Tech Stocks Rally
05/02/201314:33:10France Telecom to Seek Buyers for Dailymotion in U.S. -Report
05/01/201313:10:35Wal-Mart to Use In-Store Lockers for Web Order Pickups
04/30/201314:08:15Correction to Verizon Renewable Energy Story
04/30/201309:20:08Netflix Original Series 'Orange Is The New Black' to Premiere...
04/30/201308:29:42Verizon to Invest $100 Million in Renewable Energy
04/29/201316:41:09TECH STOCKS: Tech Stocks Follow Apple, Microsoft North
04/29/201313:52:10TECH STOCKS: Apple, Microsoft, Google Lead Tech Gains
04/29/201311:14:03TECH STOCKS: Apple, Microsoft Head Up Tech Gains

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