Amazon, Macmillan fight over pricing

February 1, 2010 1:47:28 PM PST is backing down from a pricing dispute with one of the world's largest publishers.Amazon says it will give in to Macmillan and agree to sell electronic books for the Kindle at higher prices.

Beginning in March, Macmillian titles will be priced as high as $14.99 when first released with prices changing over time.

Amazon currently charges $9.99 for best-selling e-books. But publishers says that's too low and could hurt the sale of hardcovers.