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Amazon launches new website for Business Customers

screenshot of AmazonSupply Website

(Best Syndication News) - Amazon.com, Inc.(NASDAQ: AMZN) has launched a new website for business and industrial customers today. The new website is AmazonSupply, which will sell everything from office supplies, testing equipment, manufacturing tools and supplies, and more.

AmazonSupply will offer business customers a line of credit, pending approval. They have a 365-day return policy. For orders over $50, they will offer free 2nd day shipping.

There are 14 different categories of over 500,000 products. Currently the website is in beta but appears to be open for business. They do not sell computers, but they will sell the paper supplies, and repair tools for them.

The website is www.amazonsupply.com and is owned by Amazon.com, Inc.

Netflix Shares drop After Hours

Going down - BSN

(Best Syndication News) - Netflix (NASDAQ:NFLX) shares dropped 16.53 percent to $85.10 (-$16.83) during afterhours trading. The drop occurred after the company released their Q1 earnings report earlier today. By the end of Monday's session, the shares were trading at $101.84, down $4.27 (-4.02%).

The earnings report showed that Netflix had global revenue of $870 million in Q1 2012. This was down $6 million from the Q4 2011. The earnings per share for Q1 2012 was $0.08 per share, which is much lower than the peak of $1.26 per share in Q2 2011. Year-on-year revenue has improved 21 percent. There was a net income loss of $5.0 million, which was much better than Netflix expected.

Stock Market News – SanDisk Corp (SNDK) Altera Corp (ALTR) Expeditors (EXPD) and Intuit (INTU) Among Laggards

Logo for Intuit and Sandisk

(Best Syndication News) Stocks are opening lower in Asia early Monday after closing slightly higher last week (see stock charts below). There is little good news in Asia: the Australian Producer Price Index (PPI) declined last quarter and the HSBC Manufacturing PMI for China climbed to just 49.1 in April.

The dollar (USD) was lower against all major currencies on Friday; however on the week the greenback eked-out a 0.94 percent gain vs the Japanese yen (JPY). The euro (EUR) has been hit hard by the political and economic uncertainty surrounding Spanish sovereign debt (see the average forex chart below).

Stock Market Today – Mattel Inc. (MAT) Gannett Co (GCI) and Baxter International (BAX) Report

Baxter and Gannet Logos

(Best Syndication News) Stock markets in Europe are opening higher after dropping early Tuesday in Asia (see stock charts below). Markets were mixed in the United States as tech stocks took a hit when shares in Apple Inc. (NASDAQ:AAPL) began to plummet after a sharp run-up this month.

The Shanghai (China) composite index fell 0.97 percent Tuesday while the Nikkei 225 (Japan) and Hang Seng (Hong Kong) fell 0.06 percent and 0.23 percent respectively. Slow growth concerns in China and Spanish sovereign debt worries weighed heavily in Asia.

Stock Market News – Office Depot (ODP) E TRADE (ETFC) MEMC (WFR) and Nabors (NBR) Report

WFR and SATC logo

(Best Syndication News) Stock markets are opening mixed in Europe after closing lower in Asia early Monday (see the stock charts below). Sovereign debt concerns are weighing heavy on equities.

Most markets in the United States and Europe ended lower last week while stock markets in Asia were generally higher (see the world index chart below). The DJIA was down 1.61 percent on the week while the Shanghai composite index gained 2.28 percent.

Although the Federal Reserve’s release of their Beige Book provided some optimism for investors Wednesday, higher than expected initial jobless claims and slower growth in China contributed to the pessimism.

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