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Amazon to offer magazines, newspapers 70% royalty San Francisco Chronicle November 9, 2010 04:00 AM Copyright San Francisco Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Tuesday, November 9, 2010 
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More BusinessCourt: No campaign finance limits for small groups 11.09.10Largest Calif. employee union OKs pension changes 11.09.10Cal State committee votes for tuition hike 11.09.10Pentagon can't explain 'missile' off California 11.09.10 Number of the day70 percent
That's the royalty Amazon.com will offer to magazine and newspaper publishers when they sell their publications in its Kindle Store. The rate, which goes into effect Dec. 1, is up from 30 percent last year. Amazon is trying to entice more media to the Kindle electronic-book platform, aiming to cement its lead over Sony, Apple and Barnes & Noble. The company already has more than 700,000 book titles available for the Kindle, up 60 percent since March.
Hear here"It's a sea change in that it breaks the link between deposit insurance and deposits for the first time. It is significant."
John Walsh, a Treasury Department official, on a proposal by the Federal Deposit Insurance Corp. to shift the burden for protecting depositors against bank failures toward larger lenders that rely on riskier funding sources and pose a greater threat to the financial system. The FDIC plan would base its fees for deposit insurance on a bank's liabilities, rather than its deposits, and would increase the largest banks' share of total payments to 80 percent from the current 70 percent. Story on D6.
Heads upGeneral Motors reports its third-quarter financial results today, providing fresh clues to investors weighing its initial public offering. The automaker is trying to raise as much as $10.6 billion in an IPO, part of a plan for the federal government to pare down its majority ownership stake. GM used bankruptcy and a government infusion to help restructure the company, allowing it to slash its labor costs and return to profitability.
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Subscribe to the San Francisco Chronicle and get a gift:Sunday + a $15 gift cardFri-Sun + a $15 gift cardMon-Sun + a $25 gift card Related Topics: Federal Deposit Insurance Corporation, Initial public offering, Amazon.com, Sony, General Motors, Apple Inc., United States Department of the Treasury, Bank failure, Federal government of the United States, Barnes & Noble
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