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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
04/25/201517:31:03The 4 Largest Markets for Amazon.com, Inc.
04/25/201512:32:02Amazon.com Wants You to Use Its Website to Book Your Next Getaway
04/25/201509:09:02Amazon Prime Now: 3 More Cities About to Get Same Day Delivery
04/25/201509:02:02Mobilegeddon: Why Google Inc Has 10,000 of the Biggest Websites...
04/24/201517:42:48Amazon.com Coverage Initiated at Benchmark Co. (AMZN)
04/24/201517:07:48Nasdaq Composite, S&P 500 Close at New Highs
04/24/201515:47:03Wedbush Analysts Give Amazon.com a $435.00 Price Target (AMZN)
04/24/201515:44:07U.S. Technology Stocks Extend Gains
04/24/201515:22:15Amazon.com Given a $465.00 Price Target at Jefferies Group (AMZN)
04/24/201513:23:21Holder Had Authorized DOJ Lawsuit Against Comcast-Time Warner...
04/24/201512:50:41Microsoft, Amazon, and Google: What These Tech Earnings Showed
04/24/201512:33:02Amazon.com Lifts the Nasdaq, After Having Smashed It
04/24/201512:24:30Why Amazon.com Inc. Stock Skyrocketed Today
04/24/201512:16:18U.S. Technology Stocks Extend Gains
04/24/201512:09:57Why Amazon.com, Inc. Stock Skyrocketed Today
04/24/201510:30:36U.S. Technology Stocks Extend Gains
04/24/201510:09:44Amazon.com Price Target Raised to $460.00 at Citigroup Inc. (AMZN)
04/24/201509:25:30Deutsche Bank Raises Amazon.com Price Target to $500.00 (AMZN)
04/24/201509:12:46Amazon.com, Inc. Earnings: Crushing the Bears
04/24/201509:00:56U.S. Stock Futures Rise, Putting Nasdaq Composite on Track For...

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