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BUSINESS
Amazon.com buys Shelfari for undisclosed sum
NEW YORK -- Amazon.com Inc. purchased Shelfari, a social network for book lovers, the online retailer said Tuesday.
Amazon is not disclosing the purchase price. Shelfari, which was launched in 2006, had been partly funded by Amazon.
Shelfari co-founder and Chief Executive Josh Hug said the acquisition will benefit the social network's members, noting Amazon's resources and experience building large platforms.
Both companies are based in Seattle.
Sears recalls 145,000 coffee makers on fire risk
NEW YORK -- Sears Holdings Corp. voluntarily recalled 145,000 Kenmore brand coffee makers because the wiring can overheat and cause fires or burns, the U.S. Consumer Product Safety Commission said Tuesday.
The recall includes 12-cup Kenmore and Kenmore Elite Coffee makers sold through Sears, Sears Hardware and Kmart stores as well as online from August 2007 through April.
The company and the agency said there have been 20 reports of coffee makers overheating, including 12 fires and causing damage to counter tops, cabinets and the floor. No injuries have been reported.
The retailer advised consumers to stop using the coffee makers and return them to Sears or Kmart stores for a free replacement.
