Amazon lowers price of Kindle electronic reader to $299 from $359 -- chicagotribune.com

NEW YORK (AP) — Amazon.com Inc. cut the price of its Kindle electronic reading device to $299 on Wednesday in an effort to attract more bookworms and make the gadget a mainstream hit.

The new price is $60 below the tag the Kindle has had since May 2008. The product originally debuted at $399 in 2007...