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HolidayBuyer's Guide
Tech Industry

Amazon books higher losses; Barnesandnoble.com improves

Amazon continues to spend for growth and diversification, while Barnesandnoble.com focuses on books and music.

 

  roundup 

Amazon continues to spend for growth and diversification, while Barnesandnoble.com focuses on books and music.

"They're trying to broaden the franchise to be preemptive and be the one-stop e-commerce shop--and that costs money."

- Bill McVail, analyst at Turner Investment Partners,

 


Amazon shares sink on earnings news
update Shares in the Net's largest retailer sink after it says its second-quarter loss widened because of increased spending to promote and expand its Web site.

Barnesandnoble.com revenues soar
Online bookseller Barnesandnoble.com reports a 243 percent increase in second-quarter revenues, helping the company to post a narrower-than-expected loss.

previous coverage
Amazon battles on a new front
The Net retail juggernaut may be speeding forward in the online retail markets it has tackled so far, but the company could hit some potholes with its latest push to sell consumer electronics online, analysts say.