4 Consumer Stock Stories Needing Friday Attention
Amazon.com (NASDAQ:AMZN): Closing price $273.36
The government is proposing a new law that would disallow the online retailer Amazon from offering both discounts and free delivery for books in France, as it believes that such perks lets the online giants crush smaller firms who can not afford such enticements. Culture Minister Aurelie Filippetti said that the government is waiting for the right time to introduce a ban on the practice, which book sellers claim threatens their business model by permitting Amazon to undercut their prices. As do other European countries, France bans retailers from discounting books over 5 percent from the sale price set by the publisher.