amazon is slowing down shipment of some hachette titles and some new hachette titles say they take weeks to ship as the site tries to re-direct you to alternative titles. if you want to pre-ort a hachette title coming out later in the year, those pre-order buttons have entirely disappeared from some upcoming hachette books. what's going on is a dispute over pricing for ebooks on amazon. who sets the price for a book? and how much of that price gets publisher? at stake are the bigger profit margins on ebooks, about 75% compared to the 40 percent on a hard cover book sale. the bigger question is: how today's book publishers sell books in the digital age. amazon appears to have the upper hand after a court ruling ended conclusion among book publishers to set prices on apple's ibooks app once upon a time, it was publishers who set the prices we pay for the books we buy. the legacy of that is when you open up a book, the price is often printed on the cover or the jacket. now, retailers have the upper hand. the question is: which side are you on? the publishers who want the right to set the pr

with theattle publishing giant hachette, next. you can watch us online and on apple tv. ♪ >> is a bloomberg west, i'm cory johnson. up fight withping hachette. forkn has been trying to into betterhette terms with amazon. wrote, your actions to raise the price of our books say that our books will ship in three to five weeks while they're in stock, is a disgusting negotiation practice. it made me tell my readers to stop elsewhere, and they are, and will. she joins us now via skype. particularly in seattle, this must be upsetting. your local company amazon won't sell your book in the best way they can. >> it is painful, especially because i supported them from my entire career. >> talk to me about how you found out about this, and what the reaction has been. >> it started leaking on the facebook, i through got a b e-mail from the publisher of little brown, who published my book. i went to the amazon site to look my book, and so the evidence right there on the page. do you support what little brown is doing? >> these are two big corpo

amazon is refusing orders from upcoming hachette books. they have been trying to force hachette to accept terms that are better for amazon. one author is directly impacted by this. she wrote a letter to amazon saying - nina joins us now via skype from seattle. particularly in seattle, this has to be really upsetting. your local company, amazon, will not sell your book. >> it is painful. especially because they supported it in my entire career. >> talk to me about how you found out about this and what the reaction has been. >> it started leaking out on the internet and through facebook. i believe it was may 9 when i got a letter by e-mail. is the publisher of little brown stop he published one of my books. i went to the amazon site to look at my book and i saw the evidence on the page. >> do you support what little and brown is doing? >> these are two big corporations negotiating. i support that they both need to do it they are doing a stop i wish that we as authors and illustrators were not used as pawns. >> it seems like the role of amazo

hachette titles from popular authors including jk rowling have been delayed or out of stock at amazon as hatchette resists lowering prices on its books. as interest rates rise, bank profits tumble. u.s. banks posted 37.2 billion dollars in earnings in the first quarter of 2014. that's a 7.6% drop from a year ago. the fdic released the data yesterday and blamed higher mortgage interest rates a full percentage point above record lows for discouraging consumers to refinance. income from that particular sector fell almost 54% -- down by $3.1 billion. mortgage rates are now on the decline... toll brothers is having no problem selling new houses.. in our earnings watch this morning... toll brothers reports strong demand for high end homes more than doubled profits in the second quarter and says luxury houses are likely to sell well the rest of they year. shares closed up 2%. micheal kors says its the perfect fit for the jet set. the american clothes designer's profits increased more than 50% analsyts are concerned about the company's margins going forward. that stock added on $1.27 and inve

it has been reported that hachette's revenue is one-third e-books.re comes the fight where they are not happy -- amazon, who wants to be the number one consumer location for everybody, e-books. to discount apple and publishers have an agreement called agency pricing, and what that means is the publisher sets the price of the e-book. the publisher gets 70% of the e-book price and apple gets 30%. well, it appears that amazon says we want a discount to e-books, sell we want a different split. >> they want more than 30%? >> they want more than 30%, and amazon is getting a lot of pressure that they have to increase their margins, so you might say 70% for the publisher, that is crazy. >> although e-books are usually priced lower than hardbacks and paperbacks, is that right? >> that is right, but they have great cost in doing the books editors, paying for marketing -- it is not really as robust as you think it is. this is going to be a material change in the marketplace depending on what happens. amazon and the publishers are not going to easily give in, pa

it" has plenty of hachette books ready to ship! most ceo's are making more money than ever before.. a new study finds the average ceo is making a record 10 and a half million dollars, an increase of 8.8% from just two years ago. it is the first time median pay packages hit eight figures.. the news comes as employee protests make headlines as they fight for higher wages. one economist says the big pay package trend trend started during the economic recovery. "there is kind of a chicken and egg problem where to attract the top ceos they need to offer competitive pay packages and if a ceo at a company gets paid more... than another ceo has to get paid more and it just keeps going back and forth and building upon itself." kevin paul scott, of management consultant firm-- addo worldwide believes most ceos are actually underpaid. "as long as individuals see that these executives are worth the money, they're being paid, as long as they're generating more value than what they're being paid, i think we are going to continue to see this disparity. it's going to take something drastic to chang

hachette is standing up to this, they have not caved in.we understand is other publishing houses will be in the same position shortly. they stand up to amazon as well one by one and amazon removes thereby button, amazon buy be -- removes their button, amazon will be-- >> many people are on amazon because it is convenient. are they going to another bookseller? kluck's they are doing it. there are a lot of other sites you can get books. -- >> they are doing it. there are a lot of other sites you can get books. books are not commodities. you will never be able to substitute a cheaper book for war and peace. war and peace you want. if amazon does not give it to you you do not go somewhere else. stop amazon from doing it with golf clubs? >> they are a tough negotiator but they are just like any other retailer. they want their competitive margins. cooks up until now they haven't had one of their competitive margins. their margin is one percent. >> is focused on apple, which is not mentioned. apple is cutting its own deal with the publishers. amaz

if he could be instagram and facebook said hachette facebook fan who knows. a self on hand of grid of as the boats there and the success graeme of against getting out of is not a question. this part is funny. the passenger is winning over the driver to finish taking photos. when winter not end of my appear to be a handsfree law for these riders but in this house if this is a period of just how did you get caught driving and four and a video or taking pictures of changing the channel or in your phone or an assembly holding it towards the not for you could be in for an admission fee and lombard street land. the to be $150 for the first time ahead is likely < the cost of a disney land and mission. hot for a semarang now let's it what the weather and traffic this morning. and, to the look of this shot. here's the golden gate bridge outside stand. it everywhere bring into a piece of fog. kraft was sampling and through the gates. and nothing much behind that. look for skies cleared parsley into months while wearing our in the '50s. 53 encounter 59 in an ant. if 50s

linda dragons is from grand central publishing, an imprint of hachette book group, a co-founder of a harlem book fair. she has helped to create a nationally recognized venue, of the most literacy and literary expression with writers of the diaspora. she is the crater and producer of the annual international women's history month literary escort, free library of baltimore. so much more about her. i won't read any more if you promise you'll read about her. is that a deal? could we welcome a person that you will have a pleasure for to moderate today? linda duncan. [applause] >> thank you, professor. >> good afternoon, everybody. thank you for making time out of your day to spend with us. as you heard, this panel is the state of publishing, 2014 odyssey. in my mind we might as well call it a 2014 space odyssey. we all know the publishing industry is in major flux. we are dealing with some of the same opportunities and challengess as we were during the very first national black writers conference. it still is a wonderful trip. the publishing landscape is a strange and beautiful combinatio

>> we will start with amazon which says it is not optimistic that a dispute with book publisher hachetteved soon. pre-orderslocking for some of their initial releases. spark invested $90 million in oculus. facebook bought them and suddenly that $19 million investment became worth $380 million. . microsoft unveiled an automatic translation service for skype. the translation would occur almost in real-time. it could be available later this year. >> as you look at the equity markets, let's focus on real estate. manhattan in midtown will get you three bedrooms and three baths and a view of central park and no kitchen. foreign buyers are lining up with cash to buy sending luxury real estate rises ever higher. jonathan miller is president and ceo of dreams at miller samuel. what is your minimum property? is it $4 million? >> average selling price? and $4tween $2 million million. >> can the enthusiasm trickles down to everyone else? the upper end of the market is definitely pushing the lower end of the market up. there is no inventory in any price range. it does not matter if you're looking at