Amazon clarified a blog report that the ecommerce firm was preparing its own phone. According to Drew Herdener, spokesperson for Amazon. com, the Seattle based e commerce firm has no plans to introduce a phone in 2013.

European retailers had been looking to get more profit through online food businesses as the grocery segment make up around 40% of retail sales.

In a town hall meeting, Jeff Bezos reassured the editorial staff of his recently purchased Washington Post of optimism in the digital age and continued independent journalism.

Japanese E-commerce giant Rakuten acquired video streaming site Viki for a reported USD200 million. According to a Techcrunch report, e-commerce site giant Rakuten acquired global video site Viki and would sign a reported USD200 million buyout agreement tomorrow.

It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.

Purchase of apps using Amazon coins saw a 50% weekly boost in revenues. The USD5 worth of Amazon coins was a gift well spent by Kindle Fire consumers. This in turn was an excellent money-generating move for both Amazon and app developers, according to tech evangelist Peter Heinrich.

The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.

Amazon Kindle Fire HD will be launching this coming fall. New versions of the Kindle Fire and Kindle Fire HD will likely be launched in the coming months, according to reports.

Amazon's hiring spree aimed to fill up more than 5,000 full-time jobs before Obama's visit on Tuesday.

Amazon seemed like it was becoming a search engine for jobs in America. It seemed that Amazon was becoming a search engine for jobs in America. Recently, the company announced that it will be having a hiring spree to fill in more than 5,000 full-time jobs in several of its fulfillment centers across 10 states.