Amazon's profit soars

In the latest signal that the e-commerce sector is bouncing back from the recession, online retailing giant Amazon.com says its first-quarter profit rose 68%, posting earnings and revenue figures that easily topped analysts' expectations, states e-Commerce Guide.

Amazon reported net income for the quarter of $299 million, up from $177 million in the same period last year. That translated to earnings of $0.66 per share, five cents higher than analysts' consensus projection, according to polling by Thomson Reuters.

Overall sales spiked to $7.13 billion, 46% ahead of last year's mark of $4.89 billion, and well above the $6.87 billion analysts were forecasting.

Korean Air has implemented its e-business suite release 12, a standardised enterprise-wide management system with an advanced business infrastructure for real-time decision making, says Trading Markets.

Korean Air has used the solution to streamline enterprise-scale purchasing processes and reduced procurement costs through automated order placements and purchasing analysis.

Currently, the airline's Financial, Catering and Aerospace divisions are involved in this phase on Oracle Applications deployment.

The San Francisco denim giant is one of the first 30 companies globally and the only retailer that Facebook invited to take advantage of its new plug-in capabilities, writes BizJournals.

Levi.com hired New York-based Social Amp to create its Facebook-integrated social shopping platform. Now visitors to Levi.com can 'like' different products, and Levi.com can recommend different styles based on those likes, or based on what a customer's Facebook friends like.

The company has also created a Friend Store which allows anyone logged into Levi.com to see what products their Facebook friends like, and also to shop 'with' them, eliciting feedback on different styles before committing to a purchase.