1. Books

    Amazon to Open Publishing Arm

    A United Parcel Service driver delivers packages from Amazon.com in Palo Alto, Calif., Thursday, June 30, 0211. Amazon.com Inc. said Wednesday that it will stop working with online affiliates based in California since the state passed a new rule that forces online retailers to collect sales tax there. In an email Wednesday to California-based affiliates — individuals or companies who run websites that refer visitors to Amazon and then get a cut of any resulting sales — the Seattle-based company said it would cut ties with those who reside in the nation's most populous state if the law became effective. Gov. Jerry Brown signed the law Wednesday as part of a larger state budget package.  (AP Photo/Paul Sakuma)

    Paul Sakuma / AP Photo

    Amazon will soon be competing with the publishing houses that supply it: the company is set to publish 122 books this fall in both physical and e-book form. Amazon has signed deals already with self-help author Tim Ferriss and film director Penny Marshall, and is said to be aggressively targeting top authors. “Publishers are terrified and don’t know what to do,” says Dennis Loy Johnson of Melville House. Amazon has hired publishing veteran Laurence Kirshbaum to run the operation, which will publish both fiction and nonfiction.

    Read it at The New York Times