IPAD

Increased spending may have hurt Amazon.com Inc's quarterly profit, dragging down the largest online retailer's shares, but analysts believe the investments the company made will benefit it in the long run.

Amazon.com Inc's quarterly profit fell far short of Wall Street estimates, hurt by a 40 percent jump in expenses and by price cuts on its Kindle electronic reader, sending its shares down 14 percent.

Amazon.com Inc quarterly earnings fell far short of Wall Street estimates as operating expenses surged, sending its shares down 14 percent.

(Corrects that Kindle sales growth rate tripled, not sales, paragraph 9)

Amazon.com Inc quarterly earnings fell far short of Wall Street estimates as operating expenses surged, sending its shares down 14 percent.

Online retailer Amazon.com Inc said on Thursday it will exclusively publish digital editions of 20 classic books owned by the Wylie Agency, including authors such as Philip Roth, John Updike and Norman Mailer, for the first time on its Kindle electronic reader.

Wall Street analysts boosted their price targets on Apple Inc after it posted robust quarterly results, but the company's conservative margin forecast limited gains in the stock on Wednesday.

Lenovo Group, the world's No.4 PC brand, said it will roll out its own tablet PC, becoming the latest technology company to jump on the bandwagon for computers styled after Apple Inc's popular iPad.

Asian stocks rose on Wednesday as investors cheered Apple's strong earnings and on optimism that China may roll back policy tightening measures later this year, while the euro firmed ahead of euro zone's bank stress test results late in the week.

Apple Inc gave an unusually upbeat revenue forecast that trounced Wall Street's expectations and eased fears that the Antennagate controversy around its iPhone 4's reception would hurt sales, boosting its shares 3 percent.

(Corrects iPhone 4 launch date to June 24 from June 28 in paragraph 8.)

Apple Inc reported results that blew past Wall Street's expectations, boosted by robust sales of Mac computers, sending its shares 3 percent higher.

Apple Inc reported results that blew past Wall Street's expectations, boosted by robust sales of Mac computers, sending its shares 3 percent higher.

U.S. stocks rose for a second consecutive day on Tuesday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies.

Penguin launched on Tuesday the first electronic book with a video tie-in, as the embattled book publishing industry bets on multimedia ebooks to revive flagging growth and boost readership.

Japan's Sharp Corp said on Tuesday it would enter the electronic reader and book markets, hoping to grab a slice of the hot but increasingly crowded sector popularized by Apple Inc and Amazon.com.

Online retailer Amazon.com Inc said on Monday that the recent price cut to its Kindle electronic reader has spurred sales of both the device and e-books.

Apple Inc plans to start selling the iPad tablet PC, its latest hit product, in nine new international markets on Friday, making the device available in a total of 19 countries.

Apple Inc is likely to announce a fix for the iPhone 4's reception problems, rather than a recall, at a surprise press conference on the device on Friday, analysts said.

Apple Inc has already sold more than three million of its iPad tablet computers in just over three months, but there is still more demand out there, a new survey showed on Thursday.

Apple Inc finds itself on unfamiliar ground heading into its earnings report next week: on the defensive.