© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves (Reuters) – Amazon.com Inc (NASDAQ:) filed a lawsuit in a federal U.S. court on Friday contesting the U.S. Defense Department’s decision last month to award a Pentagon cloud computing contract worth up toRead More →
Target Corp. is scheduled to report third-quarter earnings on Wednesday before the opening bell, and analysts are bullish about the third quarter and holiday season. But investors may be just as interested in a potential partnership announcement as they are in the retail giant’s quarterly results. Raymond James analysts thinkRead More →
A previous version of the graphic in this story misaligned the dates with some of the milestones for Google, Facebook and Twitter. The dates have been corrected. Getty Images The internet led to the dominance of tech companies like Google, Amazon, Facebook and Apple. What a difference half a centuryRead More →
Amazon.com Inc. is tapping into bill payments by letting customers use its Amazon Pay feature for their utility bills. The e-commerce giant said during a Sunday keynote at the Money 20/20 financial technology conference that it would be partnering with fintech company Paymentus to add the feature, which will allowRead More →
With its stunning win of a lucrative $10 billion Pentagon technology contract Friday, Microsoft Corp. not only beat Amazon.com Inc. but also uprooted its larger rival as the federal government’s go-to cloud-computing vendor. Microsoft’s MSFT, +0.56% cloud-computing powerhouse Azure, which scored another multibillion-dollar government contract in August, was awarded theRead More →
© Reuters. Investing.com – Wall Street was mixed on Friday, as disappointing earnings from Amazon (NASDAQ:) offset positive results from other companies. The was up 62 points or 0.2% by 9:47 AM ET (13:47 GMT), while the was down 2 points or 0.1% and the slipped 20 points or 0.3%.Read More →
Amazon.com Inc. profit fell for the first time in more than two years in the third quarter, and the company expects another earnings decline in the holiday-shopping season, which sent shares down more than 7% in late trading Thursday. Amazon AMZN, +1.06% reported third-quarter profit of $2.1 billion, or $4.23Read More →
By Aditya Kalra NEW DELHI (Reuters) – The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com (NASDAQ:) during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. India introduced new rules in February aimed at protecting the 130 millionRead More →
Amazon.com Inc. laid out its official positions on a number of hot-button issues Thursday, and made it clear that it will continue to work with energy companies and the U.S. government. While many of Amazon’s AMZN, -0.10% public positions have been known, it is believed to be the firstRead More →
Delivery giant Amazon AMZN, +0.39% on Thursday set a goal to meet the Paris Climate Agreement objectives 10 years early, with a pledge to be carbon neutral by 2040 — including its Prime one-day shipping perk. Amazon will also work toward using 100% renewable energy by 2030. The ambitious planRead More →
By Gram Slattery RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon (NASDAQ:), over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. Nongovernment organization Ceres said inRead More →
Shares of Amazon.com Inc. were a rare gainer Tuesday, after RBC Capital boosted its target on the e-commerce and cloud giant’s stock to a Wall Street-high $2,600, citing a “win, win, win” view of Amazon’s One-Day Prime shipping initiative. Amazon’s stock AMZN, +1.26% jumped 0.9% in morning trading, to buckRead More →
The fires sweeping through Brazil’s rainforests are prompting an international outcry, with G-7 countries promising $20 million in aid and a nonprofit backed by actor Leonardo DiCaprio pledging another $5 million toward the cause. French President Emmanuel Macron announced the G-7 aid package, saying that the Amazon represents the “lungs”Read More →
Walmart Inc. is scheduled to report second-quarter earnings on Thursday and UBS analysts think the results will show that Amazon.com Inc.’s big Prime Day event was a plus for both companies. This year’s Prime Day motivates shoppers to search for deals both on Amazon and elsewhere, with the two-day eventRead More →
Amazon AMZN, -0.32% employees in four countries have gone on strike amid the company’s biggest discount shopping holiday of the year to protest their working conditions and benefits and to demand better pay. Workers in the U.S. in Minnesota, and in Germany, organized by the labor union Verdi, and acrossRead More →
© Reuters. Workers and Verdi union members protest during strike action at a Amazon logistics centre in Werne, Germany BERLIN (Reuters) – More than 2,000 workers at seven Amazon (O:) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday.Read More →
BERLIN (Reuters) – U.S. online retail giant Amazon (O:) plans to open a new warehouse in Germany this year and create more than 2,800 jobs with permanent contracts in what is its second-biggest market after the United States. That will bring Amazon’s total staff in Germany to more than 20,000Read More →
Amazon is spending $700 million to improve the job skills of workers. Amazon announced Thursday it would investing that sum to retrain 100,000 U.S. workers, which is roughly one-third of its U.S. staff. The initiative will stretch through 2025 and the programs will allow workers to move into “highly skilledRead More →
Lady Gaga can add “beauty mogul” to her resume with the exclusive launch of her brand Haus Laboratories on Amazon.com Inc. in the fall. “We are so excited for the launch of Lady Gaga’s new beauty brand, Haus Laboratories, launching this September with Amazon as the exclusive global retailer,” anRead More →
PARIS (Reuters) – U.S. online retail giant Amazon (O:) said on Tuesday it will create 1,800 permanent contract positions this year in France, its largest European market after Britain and Germany. The increase will bring Amazon’s total number of permanent staff to 9,300 by end 2019 and reflects the group’sRead More →
Chill in your igloo this summer. A number of retailers like Amazon AMZN, -0.56% and Walmart WMT, +0.35% are selling a variety of clear domes that resemble igloos that you put in your yard — “garden igloos” if you will. There’s this 12-foot, $1,200 “Garden Dome Igloo” (pictured above)Read More →
Residential builders have found a new home: Amazon. Prefabricated and modular housing — with homes prebuilt in factories — is having another moment. From 2013 to 2018, industry revenue grew an annualized 8.6% to nearly $10.5 billion, including growth of 4.1% in 2018 alone, according to research firm IBISWorld. PreviouslyRead More →
July sales are heating up as retailers look to slow Amazon.com Inc.’s Prime Day momentum, and drive consumers to their sites with deals of their own. Amazon AMZN, +0.51% is hosting its Prime Day shopping event across two days this year, July 15 and 16. The e-commerce giant saysRead More →
© Reuters. Investing.com – Roku slumped Tuesday on fears the streaming device company is set to face stiff competition from Amazon after the e-commerce giant launched new smart TVs. In a sign that Amazon is starting to ramp up plans to bolster advertising on its streaming TV products and encroachRead More →
Reuters Alexandria Ocasio-Cortez is ‘just wrong’ about her comments on worker pay, says Amazon. Amazon.com Inc. is firing back at Rep. Alexandria Ocasio-Cortez over comments the New York Democrat made over worker pay at the tech giant, saying she’s “just wrong.” Appearing Sunday on ABC’s “This Week,” Ocasio-Cortez said AmazonRead More →
