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August 24, 2012 11:31 pm GMT

Amazon Stock Hits All-Time High


Amazon's stock climbed after the company sent out press invitations for a big announcement, setting a record high of $246.87 per share on Friday. The company is now trading at a valuation of $111 billion.

Amazon hasn't yet hinted at what it plans to announce at its event on Sept. 6. Many expect the retail giant will unveil its next-generation Kindle Fire and E-Ink e-readers, but the fact that the event is being held in L.A. suggests the company may have more of an entertainment-related announcement up its sleeve.

Amazon also announced Friday morning that it had expanded its licensing agreement with NBCUniversal, bringing shows like Parks and Recreation, Battlestar Galactica, Pa
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/2ITWE_edEGo/

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