Kindle sparks Amazon profit fall

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25 October 2011 Last updated at 22:40 GMT Amazon founder Jeff Bezos launching the Kindle Fire tablet computer last month Profits at the online retailer Amazon have dropped 73% after the company invested heavily in the Kindle tablet computer.

The company, the world's largest online internet retailer, said third quarter net income was $63m (£40m, 45m euros).

During the period it launched the Kindle "Fire" model, which runs apps and streams films and other non-text content.

The results left Amazon shares down 12% in after hours trading.

The company said that sales had grown by 44% and that last month, on 28 September, it had its "biggest order day ever for Kindle, even bigger than previous holiday peak days".

It now offers four Kindle devices, including a 3G model.

Lower margins

Jeff Bezos, the founder and chief executive of Amazon, said: "In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we're seeing with Kindle Fire pre-orders, we're increasing capacity and building millions more than we'd already planned."

Amazon also forecast lower-than-expected sales for the next quarter, which includes the crucial Christmas period, and said it could even see an operating loss as it continues to invest in the Kindle Fire.

Amazon's profit margins have generally been lower than other technology firms, a situation that analysts say is now catching up with them.

"Investors have always given Amazon a hallpass to invest and it looks like they may have had their patience exhausted," Lawrence Haverty from Gamco Investors told the BBC.

"Its operating margin is only 4%. Most technology companies need an operating margin of over 20% so I think investors are asking themselves if the business will ever really be profitable," he said.

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Judge halts work on Amazon dam

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29 September 2011 Last updated at 01:02 GMT Indigenous tribes have been protesting against the project for years A judge in Brazil has ordered a halt to construction of a multi-billion-dollar dam project in the Amazon region.

Judge Carlos Castro Martins barred any work that would interfere with the natural flow of the Xingu river.

He ruled in favour of a fisheries group which argued that the Belo Monte dam would affect local fish stocks and could harm indigenous families who make a living from fishing.

The government says the dam is crucial to meeting growing energy needs.

Judge Martins barred the Norte Energia company behind the project from "building a port, using explosives, installing dikes, building canals and any other infrastructure work that would interfere with the natural flow of the Xingu river, thereby affecting local fish stocks".

Legal battle

He said the building of canals and dikes could have negative repercussions for river communities living off small-scale fishing.

The judge said building work currently underway on accommodation blocks for the project's many workers could continue as it would not interfere with the flow of the river.

The consortium behind the project is expected to appeal against the decision.

In June, the Brazilian environment agency backed the construction, dismissing concerns by environmentalists and indigenous groups who argue that it will harm the world's largest tropical rainforest and displace tens of thousands of people.

The agency, Ibama, said the dam had been subjected to "robust analysis" of its impact on the environment.

The 11,000-megawatt dam would be the third biggest in the world - after the Three Gorges in China and Itaipu, which is jointly run by Brazil and Paraguay.

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Bolivia stops work on Amazon road

27 September 2011 booth 07: 31 GMT allegations of police violence against demonstrators triggered further protests in the Bolivian cities of Bolivian President Evo Morales work on a motorway has suspended built in the Amazon, in national furore about the way against the street was treated.

On Sunday police fired, tear gas and hundreds of activists, staging a demonstration against the road rounded up.

Stop a Minister in protest and Mr Morales condemned the action, when he announced the project suspension.

Now he says that he decide on the future of local regions will allow for the road.

"It must... decide so the two provinces [Cochabamba and Beni] involved in a national debate" In the meantime the project is exposed to, "Mr Morales said, according to Reuters news agency."

He has not specified, as the two provinces would decide on Sunday but he said that a referendum could be held — although Government sources say this could be at least six months to organize.

The problem raised anti-Government protests in Cochabamba, Beni, and La Paz - where thousands of demonstrators, mostly college students, to the Government Palace Quemado gathered.

Barricades

The proposed 300 km would one link (190) Street, funded by Brazil, Brazil to Pacific ports in Chile and Peru.

Mr Morales says, the way is for Bolivia's development, but it runs through a rainforest preserve and its construction is bitter against indigenous inhabitants.

Witnesses said that about 500 police surrounded the demonstrators

About 1,000 demonstrators were 500 km March to the capital La Paz provide, when they were stopped by police on Sunday in the Yucumo region.

Police forced protesters on buses, but hundreds of native lit fires on the streets, to force the authorities to the airport in Amazon town Rurrenabaque detour.

But residents blocked it the start and runway with burning tires and barricades and police were forced to free the prisoners.

Protesters complain that "extreme violence" was used as the police in the demonstrators got Commons.

You say a child killed was and some protesters remain claims by Interior Minister Sacha Llorenti missing, who claimed that the police measures to prevent clashes with pro-government groups that try to stop the March approached was denied.

But this Declaration of demonstrators re-painted been.

"We do not understand why the Government in this brutal way acted", Rafael Quispe, one of the leading protest, told AFP.

"This is a Government which says that the indigenous population, but it has attacked them."

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