From a price of almost $400, Amazon.com, Inc. (NASDAQ:AMZN) dropped close to 25% year to date, to a value of approximately $297.8, and the company's probably being pressured by investors to follow a less expensive production model.
While Amazon.com (NASDAQ: AMZN ) has said repeatedly that it won't become a showroom or an in-store electronics retailer, its decision to open a brick-and-mortar store in Manhattan demonstrates why the company needs a larger physical presence.
Yahoo! Inc. (NASDAQ:YHOO) poached a top sales executive from Amazon.com, Inc. (NASDAQ:AMZN). Today, the search company announced the appointment of Lisa Utzschneider as senior vice president of sales, Americas.