NEW YORK (AP) - Amazon has alerted its Kindle customers that they are entitled to a credit on prior electronic book purchases as part of settlements between some major e-book publishers and the government.
In September a federal judge approved the U.S. Justice Department's settlement with Hachette, HarperCollins and Simon & Schuster, which were accused of conspiring in a price-fixing scheme.
Among other things, the agreement requires the publishers to abandon the pricing system that they had conceived with Apple before it released its iPad tablet in 2010. The publishers must also provide the funds for the Kindle credit.
"We think these settlements are a big win for our customers and look forward to lowering prices on more Kindle books in the future," the Amazon Kindle Team said in the email sent to customers.
Amazon.com Inc. told its Kindle customers over the weekend that they will be contacted when the credit is applied to their account if the court approves the settlement in February. Customers don't need to do anything to receive the credit.
Amazon said that while it doesn't know the amount of the credit until the court approves the settlements, the state Attorneys General estimate it will be from 30 cents to $1.32 for every eligible Kindle book purchased between April 2010 and May 2012. The credit can be used to buy e-books or print books, or customers can request a check in the amount of the credit.
Shares of Amazon fell $3.36, or 1.3 percent, to $239 in morning trading Monday. They peaked at $264.11 in mid-September and traded as low as $166.97 last December.
Rescue crews are working through the night after a monstrous tornado barreled through the Oklahoma City suburbs, demolishing an elementary school and reducing homes to piles of splintered wood.
Search and rescue crews worked through the night after a monstrous tornado barreled through the Oklahoma City suburbs, demolishing an elementary school and reducing homes to piles of splintered wood. At least 51 people were...
Monday, May 20 2013 11:11 PM EDT2013-05-21 03:11:56 GMT
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph. At least 51 people were reported killed.
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph. At least 51 people were reported killed.
Tuesday, May 21 2013 6:30 AM EDT2013-05-21 10:30:27 GMT
Coast guard crews are searching for a missing boater in Lake Erie. Authorities aren't releasing a name, but they say this person left Meinke Marina in Curtice, Ohio Monday afternoon. The person was due
Coast guard crews found a boater reported to be missing on Lake Erie Tuesday morning.
Tuesday, May 21 2013 6:15 AM EDT2013-05-21 10:15:41 GMT
Investigators with the arson unit have a person of interest custody possibly linked to a fire at 727 Euclid.The fire started before 4:30 this morning on Euclid near Starr.Investigators say it was a vacant
Investigators with the arson unit have a person of interest custody possibly linked to a fire at 727 Euclid.
Tuesday, May 21 2013 5:32 AM EDT2013-05-21 09:32:35 GMT
Toledo firefighters are on the scene of a house fire on the city's East side. Firefighters were called to a home on Thurston Street between Woodville Road and Starr Avenue just after four this morning. There
Toledo firefighters battled flames at two homes on Toledo's East side Tuesday morning.
Tuesday, May 21 2013 12:23 AM EDT2013-05-21 04:23:10 GMT
A twister ripped through the Lake Township area almost three years ago. The community is pretty much back to normal, but residents still remember the horror that hit their neighborhood in 2010.
A twister ripped through the Lake Township area almost three years ago. The community is pretty much back to normal, but residents still remember the horror that hit their neighborhood in 2010.
Monday, May 20 2013 11:18 PM EDT2013-05-21 03:18:47 GMT
For some people in Northwest Ohio, the image of a massive tornado is something they only see on TV. But Allan Detrich puts himself directly in their path."Seeing the storms out in the plains, they're
A local man remembers being in Oklahoma City in 1999, when a massive tornado ravaged the city. Allan Detrich of Fremont says the area was devastated and Monday's tornado reminds him of what happened some 14 years ago.
Monday, May 20 2013 11:15 PM EDT2013-05-21 03:15:43 GMT
Thousands of shipwrecks rest close to home and some local divers are on a mission to discover them. The weather on Lake Erie can be violent at times without much warning. Darkness, fog, wind and waves
Local divers are on a search to discover some of the thousands of shipwrecks on the bottom of Lake Erie.
Monday, May 20 2013 6:37 PM EDT2013-05-20 22:37:02 GMT
Portions of Moore, Oklahoma were ravaged by a mile-wide tornado this Monday afternoon. This follows a near-record quiet start to tornado season. Strong storms may reach northwest Ohio and southeast Michigan by Tuesday.
Portions of Moore, Oklahoma were ravaged by a mile-wide tornado this Monday afternoon. This follows a near-record quiet start to tornado season. Strong storms may reach northwest Ohio and southeast Michigan by Tuesday.
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