Amazon Net Income Up in Quarter
Net income at Amazon rose nearly 32%, to $108 million, in the first quarter of 2014, compared to the same period last year, and revenue increased 23%, to $19.74 billion.
Hodder Completes Quercus Buy
After offering £12.6 million for London-based independent publisher Quercus, Hodder & Stoughton, a division of Hachette U.K., is moving ahead with the purchase. Quercus CEO and cofounder Mark Smith will leave the company but will aid in the transition. Quercus will become a separate division of H&S.
Parkin to Retire as Kensington Publisher
Laurie Parkin, v-p and publisher of Kensington Publishing, will retire May 30 after serving in those positions since 1999. Steve Zacharius, president and CEO of Kensington, is heading up the search for her replacement.