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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
12/20/201404:08:46Flipkart Internet Raises $700 Million in Financing Round
12/19/201414:50:30Workers Extend Strikes at Four German Amazon.com Sites
12/18/201415:45:08Liberty Media's CommerceHub Acquires E-Commerce Adviser Mercent
12/18/201410:05:06U.S. Hot Stocks: Hot Stocks to Watch
12/16/201417:59:28TECH STOCKS: Google Leads Tech Stocks Lower
12/15/201416:06:08Justice Department Faces Tough Questioning in E-Books Case...
12/15/201413:34:02Justice Department Faces Tough Questioning in E-Books Case
12/14/201417:19:15Apple Heads to Court Monday in E-Book Appeal
12/14/201417:08:07PetSmart to Be Acquired by BC Partners-Led Group
12/11/201421:01:11Lending Club Shares Rise in Market Debut--5th Update
12/11/201408:42:30Starboard Confirms Staples Stake, Boosts Position in Office Depot...
12/11/201407:47:19Starboard Confirms Staples Stake, Boosts Position in Office Depot
12/10/201422:21:04Starboard Value Takes Roughly 6% Stake in Staples -- 2nd Update
12/10/201421:59:36Starboard Value Takes Roughly 6% Stake in Staples -- Update
12/10/201417:59:11EBay Mulling Thousands Of Job Cuts Early Next Year--Sources
12/09/201417:40:35Amazon's Twitch Acquires Videogame Agency GoodGame
12/09/201416:10:29Supreme Court: Amazon Workers Not Entitled to Pay for Security...
12/09/201415:57:05Supreme Court: Amazon Workers Not Entitled to Pay for Security...
12/09/201415:50:12EU Agrees Twin Tax-Avoidance Measures
12/08/201421:30:43Amazon Preps Faster Deliveries by Bike and Drone

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