Amazon began shipping the Kindle Fire tablet one day early in order to build on the lead it will have over the new Barnes & Noble Nook tablet.
Amazon’s device is expected to be a hot item this holiday season. It has a seven-inch screen and costs less than $200. Analysts are predicting Amazon will sell up to five million units this quarter alone.
The Nook tablet, however, is expected to start shipping later in the week.
In other news, Boeing was on fire at the Dubai Air Show in the United Arab Emirates. The world’s largest airplane maker received the biggest order in its near 100-year history.
Emirates Airline will buy 50 777s at a total price tag estimated around $15 billion. Boeing is expected to announce more plane orders as the show continues through Thursday.
In the retail sector, quarterly profits for Lowe’s fell more than 40% in the third quarter. The company is losing in the battle with bigger home improvement retailer, Home Depot.
On Wall Street, lingering worries about Europe sent markets lower in unusually lighter volume, yesterday.
In Europe, Italian bond yields spiked to their highest level since the euro started being used. And the economic toll of the debt crisis is showing up, even as Germany’s Angela Merkel warns this could be the worst hour for the region since World War II.
As for the numbers, stocks in Germany and France were down more than 1%. And London was down by only half a percent.
Bottom line: Amazon starts shipping Kindle Fire tablet one day earlier than planned; Boeing lands its biggest plane deal ever; Lowe’s is getting hammered by Home Depot; and stocks fall in United States and Europe as the debt crisis continues.