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Cisco Disappoints; Dow Off 102
 Cisco Disappoints; Dow Off 102 
MARKETS

Cisco Disappoints; Dow Off 102

Investors await stress tests results

(Newser) - A poor earnings report and forecast from Cisco led stocks down today, the Wall Street Journal writes. The networking giant, considered an indicator of the tech sector’s general health, noted a 17% drop in revenue, and projected bigger losses for next quarter. The Dow closed down 102.43 at...

New Kindle Upgrades Price, Not Reading Experience

(Newser) - The Kindle DX offers crisper resolution than its smaller cousin, but it’s still not big enough to display a full newspaper page, and the price may hold some buyers back, Damon Darlin writes in the New York Times. “You never see the big picture—a full page—that...

186K Homeless in Deadly Brazil Floods

(Newser) - At least 19 people have been killed and close to 200,000 driven from their homes by floods and massive mudslides in northern Brazil, reports CNN. Over 1000 tons of emergency food are being delivered in six northern states as residents negotiate streets with boats amid roofs jutting from rivers...

Amazon to Roll Out Kindle for Textbooks

(Newser) - Amazon will unveil a bigger new version of the Kindle tomorrow, designed to handle textbooks and periodicals, the Wall Street Journal reports. Amazon already has deals in place with several textbook publishers for content, and with various universities, including Princeton, Reed College, and Arizona State, to get the device into...

Bigger E-Readers Ride In to Save Newspapers
 Bigger E-Readers Ride In
 to Save Newspapers 
ANALYSIS

Bigger E-Readers Ride In to Save Newspapers

(Newser) - Amazon is set to introduce a tabloid-sized version of the Kindle tailored to display newspapers—just one of many e-readers in the pipe that just might toss a life-preserver to print journalism, the New York Times reports. In fact, Engadget expects the new Kindle to debut Wednesday at a press...

Best Buy Joining Digital Movie Biz

Service may come built-in to electronics

(Newser) - Best Buy plans to join the digital movie market this summer to offset declining DVD sales, Variety reports. The retailer is in talks with film providers such as CinemaNow—also Blockbuster's supplier—and may market TVs or Blu-ray players with built-in access to the movie library. That would put Best...

Amazon: 'Ham-Fisted Error' Caused Gay Glitch

Company promises to restore gay, lesbian titles to ranking system

(Newser) - Amazon.com says “an embarrassing and ham-fisted cataloging error” caused thousands of gay and lesbian-related titles to be removed from sales rankings and some searches, the New York Times reports. The company—the target of online outrage after the changes came to light—says the "glitch" has now...

Hacker Cops to Amazon Gay Flap

Skeptics still unsure whether he did it

(Newser) - A notorious hacker has taken credit for the snafu that bumped gay titles from Amazon’s bestseller lists and rankings, Gawker reports. “Weev” claims he tricked users into flagging the content as inappropriate without their knowledge. “I guess my game is up,” he confessed in a how-to...

Discovery Sues Kindle, Claims Patent Infringement

Firm alleges it owns e-book reader's encryption technology

(Newser) - Kindle is catching more legal flak. Discovery Communications—best known for the similarly named cable channel—says Amazon infringed on its patent for electronic book technology, Reuters reports. It's seeking unspecified damages. The Kindle also has taken heat from publishers because of its text-to-speech technology, which could cut into sales...

Amazon Yanks Video Rape Game
 Amazon Yanks 
 Video Rape Game 




Amazon Yanks Video Rape Game

Finally decides it's not appropriate after consumer complaints

(Newser) - Amazon will no longer offer a video rape game, following consumer complaints, reports the Daily Telegraph. The Japanese game Rapelay instructs virtual players to stalk and rape women, then force them to abort any resulting pregnancies. "We determined that we did not want to be selling this particular item,...

Kindle 2 Is a Whole New Book
 Kindle 2 Is a Whole New Book 
PRODUCT REVIEW

Kindle 2 Is a Whole New Book

(Newser) - The Kindle 2 e-reader unveiled by Amazon today is great if you love computers, Tom Leonard writes in the Telegraph. "Wafer-thin," it's more "fragile bird" than book and boasts a tiny keyboard perfect for the i-Pod/Blackberry crowd. But the clear, no-glare screen and grayscale display are...

Stephen King to Pen Kindle Exclusive
Stephen King
to Pen Kindle Exclusive
UPDATED

Stephen King to Pen Kindle Exclusive

Novel announced along with new version of e-reader today

(Newser) - Amazon.com may have written a new storyline into the publishing world: Along with today's announcement of a slimmer, faster (but still $359) Kindle reader, the online giant revealed that it has signed horror writer Stephen King to a deal for an exclusive e-book, reports the Wall Street Journal. King...

Bad Book? Vent Your Fury on Amazon
Bad Book? Vent
Your Fury on Amazon
OPINION

Bad Book? Vent Your Fury on Amazon

One-star reviews offer relief from literary anxiety

(Newser) - Anne Enright's The Gathering won the prestigious Booker Prize and dozens of adulatory reviews, but Cynthia Crossen of the Wall Street Journal didn't find much to admire in the bleak story of a dysfunctional family. Luckily, there's a place to vent such disappointment, she writes: amid Amazon's readers' reviews, where...

Dow Off 149, Down 8.8% for Month
 Dow Off 149, 
 Down 8.8% for Month 
MARKETS

Dow Off 149, Down 8.8% for Month

GDP report ends month of layoffs, losses

(Newser) - Stocks extended losses today off the news of a 3.8% decline in US GDP for the fourth quarter, ending a turbulent month, MarketWatch reports. The report capped a week of widespread layoffs and poor earnings at major US firms. Amazon.com was a rare exception, up 18% on strong...

iPhone E-Books Can't Match Kindle's Catalog
iPhone E-Books Can't Match Kindle's Catalog
PRODUCT REVIEW

iPhone E-Books Can't Match Kindle's Catalog

Convenient apps have attractive interface, features: Mossberg

(Newser) - E-book applications for the iPhone are a source of competition for dedicated reading gizmos like Amazon’s Kindle. After testing two popular e-book apps, Walt Mossberg finds that both have attractive features, but currently can’t match the 200,000-strong catalog of digital books—especially new bestsellers—available for the...

iTunes to Sell Music Without Copy Protection

Prices change: They'll range from $0.69 to $1.29

(Newser) - Apple will remove DRM anti-piracy software from the music it sells on the iTunes store, the New York Times reports. As part of a new deal reached between Apple, Sony BMG, the Universal Music Group and the Warner Music Group, songs will be DRM-free and will be priced differently. New...

Burn Your Kindle, Readers Need iPhone

Consumers jilt e-book readers, download titles to smartphones

(Newser) - They’ve only been around for a few years, but digital book readers may already be going the way of the Walkman. In increasing numbers, tech savvy bookworms are downloading their favorite titles onto smartphones like the iPhone for a fraction of the cost, BusinessWeek reports. For travelers, “bringing...

Brazilian Busted in Murder of US Nun Nabbed on Slavery Charges

Dorothy Stang's slaying was subject of movie

(Newser) - A Brazilian rancher facing charges in the death of a 73-year-old American nun has been arrested again for fraud and slavery in the same Amazon region where the nun was shot three years ago, reports CNN. Evidence supporting the latest charges will be used at his murder trial. Four others...

Amazon Has 'Best Ever' Holiday Season

Online retailer beat the market with HDTVs, iPods, and Wii

(Newser) - The Grinch apparently didn’t sour shoppers on Amazon this year: The company said today the 2008 holiday season was its “best ever,” MarketWatch reports. Amazon sold more than 6.3 million items worldwide on Dec. 15, its peak day, amounting to “a record-breaking 72.9 items...

Stocks Get Post-Holiday Bump
 Stocks Get Post-Holiday Bump 
MARKET Open

Stocks Get Post-Holiday Bump

Dow up mildly on light trading

(Newser) - Stocks saw a modest uptick this morning, despite a consumer spending report seemingly designed to puncture post-holiday cheer. The Dow rose 40.93 points, while the S&P and Nasdaq added 3.86 and 5.81, respectively. But volume was extremely low, as many Wall Street denizens took the day...

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