We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).
nk497 writes "The US Department of Justice has sued Apple and five publishers over ebook pricing, with a court filing revealing the detail behind its allegations. The publishers were already meeting to discuss what to do about Amazon lowering ebook prices when Apple stepped in. The group decided on what is now known as the Agency Model, which lets publishers set the price, not retailers, and ensures Apple's iBook store always had the lowest price — even if customers ended up paying more. Or, as Steve Jobs reportedly said: We’ll go to [an] Agency Model, where you set the price, and we get our 30%, and yes, the customer pays a little more, but that’s what you want anyway."" Link to Original Source
FORTUNE'S FUN FACTS TO KNOW AND TELL:
A giant panda bear is really a member of the racoon family.