Wal-Mart says it will no longer be selling Amazon's Kindle

Reuters reports Wal-Mart Stores Inc. will no longer sell Amazon.com Inc's Kindle products, making the world's largest retailer the second major chain to stop selling Amazon's devices, according to an internal memo and a source familiar with the situation.

"We have recently made the business decision to not carry Amazon tablets and eReaders beyond our existing inventory and purchase commitments," Wal-Mart said in a memo sent to store managers dated Sept. 19. "This includes all Amazon Kindle models current and recently announced."

Read more here.