Amazon lights an early Kindle Fire
Amazon has begun shipping on its latest tablet, Kindle Fire, one day early in hopes of building its lead in the market. The Kindle Fire has a 7-inch screen costs under $200 USD. Analysts expect Amazon to sell up to 5 million in this quarter alone, and with Christmas just around the corner it might do just that.
The Nook tablet is expected to start shipping later in the week. Boeing was on fire at the Dubai Air Show in the United Arab Emirates. The world’s largest airplane maker received the biggest order in its near 100-year history.
Emirates Airline will buy 50 777s, at a total price tag industry experts estimate at up to $15 billion. Boeing is expected to announce more plane orders as the show continues through Thursday. Quarterly profits at do-it-yourself retailer Lowe’s fell more than 40 percent in the third quarter. The company is losing in the battle with bigger home improvement retailer Home Depot. On Wall Street, upbeat corporate news – overshadowed by lingering worries about Europe, sending markets lower in unusually lighter volume.
In Europe, Italian bond yields spiked to their highest since the euro started being used. And the economic toll of the debt crisis is showing up, even as Germany’s Angela Merkel warns this could be the worst hour for the region since World War 2. As for the numbers: stocks in Germany and France were down more than 1 percent. And London was down by only half a percent. Conway Gittens, Reuters