Amazon (NASDAQ:AMZN) has secured approval from the United States Federal Communications Commission for its Kindle Fire 4G tablets and can therefore commence sales of the device. Pre-orders are being accepted by Amazon and the tablets are expected to ship from November 20.
According to a report by Reuters, Softbank Corp, which is in the third-largest Japanese mobile operator, is likely to acquire a majority interest in US telco Sprint (NYSE:S) for over ¥ 1 trillion, or about $ 12.8 billion. No comments were available from either Softbank or Sprint.
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Disney (NYSE:DIS) has been sued in the US District Court in Colorado by Stan Lee Media, which claims to own the rights to Blockbuster Marvel characters such as Spiderman and Iron Man, seeking billions of dollars of profits. Stan Lee Media alleges the rights to these characters were assigned to it by their creator, Stan Lee, in 1998, who later assigned them again to Marvel Enterprises, which Disney acquired in 2009. In a statement, Disney says, “This lawsuit is without merit. It arises out of the same core facts and legal claims that have been rejected by three federal district court judges,” according to Reuters.
According to a General Motors (NYSE:GM) executive, 2013 could prove to be a big year for the company as it rolls out 13 completely new or radically revamped models under its Chevrolet umbrella. The company claims it is seeing a significant 60% of buyers crossing over from non-GM brands and buying vehicles such as the Sonic and the Spark, which are proving popular especially with younger buyers.
Sources say that Coca-Cola (NYSE:KO) may invest $ 10 million in paid music streaming service Spotify Ltd, if discussions prove to be successful. In April Coke tied up with Spotify for Internet marketing, as the beverage maker sought to popularize its brand with younger consumers. The latest move may advance Coke’s efforts in the same direction.