Google launches eBooks
The search giant ramps up its efforts to challenge Amazon.
By James Rogers, TheStreet
The Google eBookstore contains more than 3 million titles, according to a Google blog posting, and the Internet company says that it has hundreds of thousands of books for sale.
Rumors that Google was putting the finishing touches to its e-book effort emerged last week, with the Wall Street Journal reporting that the project had overcome several technical and legal hurdles.
In addition to a Web reader, Google is offering free apps for Android and Apple (AAPL) devices, which it says will make it possible for consumers to shop and read from mobile devices such as smart phones and netbooks.
"For many books you can select which font, font size, day/night reading mode and line spacing suits you -- and pick up on the page where you left off when switching devices," the company said on the blog. Google is also offering eBooks via independent booksellers like Powell's and Alibris.
Software specialist Adobe (ADBE) is also reaping the benefits of Google's e-book efforts. The Apple and Microsoft (MSFT) rival announced on Monday that Google has licensed its Content Server 4 software to provide content protection for its eBooks offering. (Microsoft owns and publishes MSN Money.)
Adobe touts Content Server as the most widely used digital-rights-management product for e-books and other digital publications. In addition to Google, more than 200 publishers and content distributors have now deployed the technology, it said.
Shares of Adobe were gaining 11 cents, or 0.4%, to $29.25 on Monday, as the Nasdaq added 0.2%. Shares of Google, whose stock price has been impacted by its pursuit of daily deal site Groupon, rose $6.04, or 1.1%, to $579.03.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
New study finds members of this global elite are stashing an average $600 million each in cash -- 10 times more than a year ago.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.