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SAN FRANCISCO, July 28 (Xinhua) -- Amazon announced Thursday that it had reached an agreement with NBC Universal to allow its members to view certain movies from Universal Pictures on-line through its movie streaming service.According to the on-line retail giant, Oscar-winning movies such as "Eternal Sunshine of the Spotless Mind," "Gosford Park" and "Elizabeth" as well as other favorites like "Notting Hill" and "Billy Elliot" are part of the pact.The movies will be available to Amazon Prime members through its streaming service Prime Instant Video. Amazon Prime is a membership program that gives subscribers discounts on shipping for a 79 U.S. dollar annual fee.In February, Amazon said it would offer Prime customers unlimited access to an on-line video library. Last Wednesday, Amazon announced an accord with CBS that expanded the video library to more than 8,000 movies and TV shows. It said Thursday that the NBC deal will bring the number to more than 9,000.With the CBS, NBC Universal deals, Amazon steps up its rivalry against other movie streaming services, especially Netflix, a popular on-line and mail-order movie rental company which just boosted prices by 60 percent for some subscribers. Analysts said Amazon is trying to make the pitch to those customers who are disappointed with Netflix.In a second-quarter earnings letter to investors distributed on Monday, Netflix CEO Reed Hastings said Netflix had more than 24.6 million subscribers in the U.S. at the end of June and vastly more streaming content than its competitors."We haven't detected an impact on our business from Amazon Prime," he noted.

He also said that China's track record of sharing knowledge with the World Bank was creating a "catalyst for consensus" and that placed the institutions in good stead to benefit from China's economic consistence."The Chinese policy mix includes a tool box of administrative measures ... In general, one of the lessons that the United States and others can learn (from China) is that to have supervisory policies for bank regulatory systems can be a useful part of the tool set."Aside from hinting that over-heating global real estate markets could benefit from China's regulatory tightening, Zoellick suggested if China moved to more market-exposed decision making, he hoped China's bank regulators would not step too far back."Over time China will be better served to move to more precise and market signals than more administration-based decisions. Over time China will want to move to more market based decisions ... but I don't want this to be interpreted that supervisors don't have to supervise," he said.

SAN FRANCISCO, Sept. 9 (Xinhua) -- AOL's chief executive officer (CEO) Tim Armstrong has reached out to Yahoo for talks of a merger of the two companies, U.S. media reported on Friday.Armstrong is discussing options for a combination aimed at strengthening the two Internet companies, Bloomberg quoted two people who are familiar with the matter as saying.The report said that the AOL CEO had been interested in a merger with Yahoo last year but was rejected while Carol Bartz served as Yahoo CEO, who was ousted by Yahoo's board on Tuesday.Reconsidering the option after Bartz's departure, Armstrong has talked with private equity firms and investment bankers from Allen & Co. working with Yahoo.Under one scenario being considered, Yahoo would acquire AOL and Armstrong would become CEO of the combined company, said the source.Both Yahoo and AOL are suffering from declining revenues, struggling to compete against companies like Google and Facebook. Some analysts said that the merger could not provide a long-term solution to the problems the two companies face after they failed to keep up with Internet trends.

SAN FRANCISCO, Aug. 10 (Xinhua) -- Amazon on Wednesday launched Kindle Cloud Reader, a web-based app that may help the on-line retailer to sidestep Apple's App Store restrictions.In its announcement, Amazon said Kindle Could Reader uses the HTML5 web standard to let users read e-books from their Kindle library from the Safari browser or Google's Chrome browser on their desktops or tablet, including the iPad.Support for Internet Explorer, Firefox and the Blackberry Playbook will be launched later this year.The app has a button linked to the Kindle Store, which was removed recently from the Kindle apps for iPad and iPhone.The move is taken as an answer to Apple's latest App Store restrictions, which banned developers to have any external links for purchasing digital books or subscriptions in the app, unless they give Apple a 30 percent cut from the in-app sales.Besides Amazon, Barnes & Noble, Google Books and Canadian e- book seller Kobo have also altered their iPad and iPhone apps to comply with the rules.Meanwhile, publishers and retailers have been developing web- based HTML5 apps to sidestep Apple for more control, which is an approved-of technology for iOS devices.The Financial Times, Kobo and video-on-demand service Vudu have recently launched their HTML5 app to avoid paying Apple a 30 percent cut.Industry watchers said it is unknown how Apple will deal with such apps. It would be easy for Apple to disable Web apps in the iPad's Safari browser, but the company would certainly face some backlash, said tech media website CNET.

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