Having just released its new 7-inch custom Android-poweredKindle Fire tablet, industry watchers are already looking to see what the world’s biggest retailer has planned for its rumoured 10.1-inch tablet, expected to launch in 2012. According to Digitimes, Amazon is likely to choose iPad-maker Foxconn to produce its larger tablet model, with shipments of the 10.1-inch tablet scheduled to begin before the end of 2011, in time for the holiday season....

LoveFilmhas announced this morning that Amazon is to acquire the remaining shares in the movie rental and streaming service, which is similar to Netflix. Amazon already has a significant minority shareholding in LoveFilm and deal has beenrumouredfor some time. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2011. Exactly what this means in terms of the company being rebranded as an Amazon service is unclear at present, but the move gives the US retail giant a big foot in the European online video market....

With Amazon customers already happy to receive advertising on their slightly-subsidised Kindle e-readers, the Internet retailer isset to introduceits ownAmazonLocalDaily Deals service to the device, allowing users to receive special offers simply by looking at their Kindle screensaver. Amazonlaunched its own Groupon competitor in June, an online marketplace, powered by LivingSocial and other selected partners, that allows its customers to buy vouchers or deals that can be redeemed against goods or services from local businesses in a customer’s local area....

Amazon is to enter the flash-sale space today with the launch of a new private member fashion websiteMyHabit.com. After purchasingSpanish retailer BuyVIP in October 2010 for around €70 million, Amazon has mobilised a US team and will enter the overstock items space in the US by offering items for men, women, children, footwear, accessories and jewellery with discounts of up to 60%, according to fashion websiteWWD.com. The website follows the same model as websites including Vente Privee, BuyVIP or Privalia by offering discounted campaigns for between four and six days....

Amazon has todayannouncedthat it is to launch its own Kindle Lending Library service. The feature will allow Kindle customers to borrow Kindle books from over 11,000 libraries in the United States. The company says that customers will be able to check out a Kindle book from their local library and start reading on any Kindle device or app free of charge. Amazon will work with OverDrive, a digital content solution provider for libraries in the US to offer what it promises will be a “seamless library borrowing experience” for Kindle users....