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NEW YORK-- Shares of Amazon.com Inc. briefly hit their highest level ever on Wednesday after the world's biggest online retailer impressed investors with strengthening profit margins in its fourth-quarter earnings report.
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NEW YORK, Jan 30- U.S. stocks edged lower at the open on Wednesday following an unexpected contraction in fourth-quarter economic activity, but losses were curbed by gains in Internet retailer Amazon.com. The Dow Jones industrial average dropped 11.13 points, or 0.08 percent, to 13,943.29.
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NEW YORK-- Shares of Amazon.com Inc. rose sharply in premarket trading Wednesday after the worlds' biggest online retailer showed improving profit margins when it posted fourth-quarter earnings Tuesday. Amazon's net income dropped 45 percent and the results fell below Wall Street's expectations on most counts.
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SAN FRANCISCO, Jan 29- Amazon.com Inc shares hit a new record on Tuesday after the world's largest Internet retailer reported better-than-expected quarterly profit, fueled by growth of higher-margin businesses. This supports the bull case that Amazon can monetize its growth over the longer term. "
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SAN FRANCISCO, Jan 29- Amazon.com Inc shares jumped almost 7 percent on Tuesday after the world's largest Internet retailer reported quarterly results.
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SAN FRANCISCO, Jan 29- Amazon.com Inc said on Tuesday that fourth-quarter revenue jumped 22 percent to $21.27 billion as the world's largest Internet retailer grabbed a big share of online spending during the crucial holiday period.
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*Sees 20 mln customers in Europe this year. PARIS, Jan 29- Vente-Privee, the French firm that pioneered online sales events, plans to slow down expansion in the United States to become profitable as soon as possible in the highly competitive market.
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NEW YORK-- Shares of PetSmart Inc., the pet food and supplies seller, fell after a Nomura analyst downgraded the company's shares, citing increased competition from Internet retailer Amazon.com. THE SPARK: Nomura analyst Aram Rubinson downgraded PetSmart shares to "Reduce" from "Neutral."
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PARIS, Jan 24- France, which is studying ways of curbing legal tax avoidance by big Internet firms, has decided to go after all of them to seek payment of back taxes, Industry Minister Arnaud Montebourg said on Thursday.
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*Ivona deal may help Amazon expand Kindle reader base- analyst. SAN FRANCISCO, Jan 24- Amazon.com Inc said on Thursday it acquired text-to-speech technology company Ivona Software, a sign that the world's largest Internet retailer may be looking to develop more services similar to Apple Inc's Siri voice-based search product.
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SAN FRANCISCO, Jan 24- Amazon.com Inc said on Thursday that it acquired speech-recognition company Ivona Software, a sign the world's largest Internet retailer may be looking to develop more services similar to Apple Inc's Siri voice-based search product.
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SAN FRANCISCO, Jan 24- Amazon.com Inc said on Thursday that it acquired speech-recognition company Ivona Software, a sign the world's largest Internet retailer may be looking to develop more services similar to Apple Inc's Siri voice-based search product.
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POMPANO BEACH, Fla.-- PetMed Express Inc., which runs the online pet pharmacy 1-800- PetMeds, said Tuesday that its net income jumped 17 percent as it continued to cut costs. The Pompano Beach, Fla.- based company said it earned $4.6 million, or 23 cents per share, for the quarter ending Dec. 31. That's up from the $3.9 million, or 19 cents per share, in the 2011 quarter.
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*Best Buy, research data underscore hit to Amazon. SAN FRANCISCO, Jan 17- Amazon.com Inc's unfamiliar role as tax collector may have dented its crucial holiday quarter by reducing the online retail giant's longstanding price advantage over its rivals in several major markets.
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SAN FRANCISCO, Jan 16- Acting as a tax collector may have hurt Amazon.com, Inc's holiday sales analysts and industry executives said, but they expect to know more when the internet retailer reports its fourth-quarter results on Jan. 29.
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*EBay fourth-quarter revenue, profit slightly exceed forecasts. *EBay sees $40 bln in mobile transactions in 2013. SAN FRANCISCO, Jan 16- EBay Inc reported holiday quarter results that beat Wall Street expectations as the e-commerce company benefited from a boom in mobile shoppers, but it gave a cautious forecast for 2013, restraining share price gains.
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Jan 11- Best Buy Co Inc on Friday showed the first concrete signs of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, helped by sales of tablets and mobile phones and improvement in its online business.
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Niklas Zennstrom, co-founder of Skype, believes the next hot tech business can come from anywhere around the globe.
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LONDON, Jan 11- Niklas Zennstrom, co-founder of internet phone service Skype, believes the next hot tech business will just as likely spring from Istanbul or Sao Paolo as from Silicon Valley or the coolest districts of London.
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*Amazon still better on price; Best Buy may still benefit. SAN FRANCISCO, Jan 10- Best Buy Co, the world's largest electronics retailer, said its online sales have increased in certain markets as arch rival Amazon.com Inc collects tax on purchases in more states.