Amazon.com to roll out shopping application for iPad

SAN FRANCISCO -- Amazon.com Inc., the biggest online retailer, created a shopping application for Apple Inc.'s iPad tablet computer, expanding its reach with the help of a rival device.

The app, similar to programs for the iPhone and iPod Touch, will let customers search for products and track packages on the iPad, Seattle-based Amazon.com said Wednesday in a statement.

The company competes with Apple for sales of digital books and music. Amazon.com's Kindle e-reader faced a new challenger with last month's release of the iPad, which has a color screen and can access the Internet. In April, Amazon.com forecast earnings for the current quarter that fell short of analysts' predictions.

Customers can download the iPad application from Cupertino, California-based Apple's online store, Amazon.com said.

EBay Inc., the auction and fixed-price marketplace, introduced an app for the iPad earlier this year, part of the company's plan to generate US$1.5 billion in merchandise sales in 2010 through mobile devices.

Amazon.com is trying to get its e-books on multiple devices to maintain its lead in the digital book market, which Credit Suisse AG estimates will grow six times to US$2.2 billion by 2015. Apple will also benefit from e-book sales through its iBookstore and help cut Amazon.com's share of such sales to about 72 percent this year from 90 percent last year, according to Credit Suisse.

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News Taken from http://www.chinapost.com.tw/

Richmond Shopping Centre sold for £24m

Wednesday, 5 May 2010

Derry's Richmond Shopping Centre has been sold for up to £24m, it has been confirmed.

Based in the centre of the city, the Richmond Centre was bought by the property asset division of the Royal Bank of Scotland, West Register.

The Richmond Centre was initially put on the market at £26m and this is the first sale of a major shopping centre in Northern Ireland for several years.

It was formerly part of WG Mitchell property empire owned by Derry brothers Patrick and Hugh Hegarty that went into administration last April.

After RBS called in loans in 2009, 28 of the 75 subsidiaries of WG Mitchell collapsed and went into administration. The Hegartys’ business empire, which started in the 1960s, ran into trouble after they began investing in the hotel market in Scotland and England in the 1990s and were caught out by the banking crash.

As a result more than £85m of hotels were put up for sale by the administrator Ernst and Young, among them the Park Inn, London, and the Park Inn at St Helens. A further eight hotels worth £40m including the Park Inn in Glasgow and the Park Inn in Sheffield have also been put on the market.

The Shipquay Street multi-level complex was built in the 1980s and has nearly 40 units let to a mix of national and local retailers.

News printed in http://www.belfasttelegraph.co.uk/

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