BUZZ-Amazon settles FTC case, stock steady
Reuters09-26
BUZZ-<a href="https://laohu8.com/S/AMZN">Amazon</a> settles FTC case, stock steady** Amazon.com AMZN.O rising 0.1% on Thurs after agreeing to pay $2.5 bln to settle FTC case over alleged unauthorized Prime sign-ups ** Settlement includes $1.5 bln fund to repay up to 35 mln Prime subscribers, with individual payments up to $51 ** AMZN to add clearer opt-out and cancellation options, plus third-party compliance monitoring ** Stock flat YTD, lagging Nasdaq .IXIC which is up 16% ** AMZN recently at 30x expected earnings, well below 5-yr avg forward PE of 51
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
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