Kindle

The nature of reading books is changing: the closure of traditional bookstores indicates that paper book sales are in decline.

Amazon announced on March 13 it will reduce prices of its newest Kindle Fire HD 8.9” from $299 to $269. The company also announced the launch of the device in Europe and Japan.

Amazon.com reported lackluster earnings Jan. 29, missing expectations on both sales and earnings per share. However, the Seattle, Wash.-based online merchant reported higher operating income and high growth in its ebooks segment, propelling the stock upward after hours.

Some experts prophesied Jeff Bezos’ would announce a new Kindle Fire, and perhaps an entry into the smartphone space yesterday. Well, soothsaying techies were only half right, Amazon’s boss introduced the New Kindle Fire HD, one very real competition to Apple’s tablet supremacy.

The U.S. Pentagon is reviewing the contents of the soon-to-be-released memoir by a Navy SEAL of the raid, which led to the death of Osama bin Laden, the AP reports.

Global online retailer Amazon.com Inc. has announced that is first quarter profit climbed 68 percent.

Amazon.com recently announced the release of its international Kindle e-book reader to gain more customers by going worldwide.