It was a soothing day for Amazon.com, Inc. (NASDAQ:AMZN) as the online retailer registered a win against its workers demanding extra pay for going through the security checkpoint process. The decision will help the online retailer to save up to $100 million in additional payments and it is a relief in a time when the…
Facebook Inc (FB), Apple Inc. (AAPL), and Amazon.com, Inc. (AMZN) CEOs Convene with China’s Cyberspace Chief
Apple Inc. (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN) CEOs Tim Cook, Mark Zuckerberg, and Jeff Bezos, respectively, recently had played host to Lu Wei, the minister of China’s Cyberspace Administration. The visits to CEOs of the top tech giants in the U.S. by the Chinese internet regulator was reported in a post by China.com.cn,…
Amazon.com, Inc. (NASDAQ:AMZN) Gets Innovative With Delivery System, Trial Runs For Bike Delivery
Amazon.com, Inc. (NASDAQ:AMZN) is struggling to increase its sales amid increasing competition from other online retailers and the company is continuously looking for ways to get ahead of its competition. In its latest attempt, the online retailer is looking to try bike messengers for one-hour delivery. The online retailer has named its latest bike delivery…
Amazon.com, Inc. (AMZN) Ready To Tap Online Grocery Market Sales With Amazon Elements
In its latest efforts to regain online market share with new services, Amazon.com, Inc. (NASDAQ:AMZN) launched its premium consumer goods service for its loyalty program members. The online retailer is aiming high-end products with a premium price tag and the service is likely to compete against the likes of Procter & Gamble Co (NYSE:PG) and…
Amazon.com, Inc. (AMZN)’s Rating Cut to Negative After More Unsecured Note Release
After a sudden jump in share prices after the Black Friday sales, the shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped up to 3.73% to $326.00. The investor arm of Moody, Moody’s Corporation (NYSE:MCO), cuts its rating for the online retailer to “Negative” from earlier “stable” rating. The primary reason for the dramatic change in ratings is…
Amazon.com, Inc. (AMZN) Entering New Market Segments Amid Black Friday Rush, Introduces New Service To Find Local Service Pros
While all the other major retailers are busy in offering deals for thanksgiving and the holiday season, Amazon.com, Inc. (NASDAQ:AMZN) is discreetly entering the local service industry. The online retailer launched a web page allowing customers to find local handymen with the comfort of their home. The local repair and service business amounts for $400…
Amazon.com, Inc. (AMZN) Inks New Contract With Hachette Book Group
Internet retailer Amazon.com, Inc. (NASDAQ:AMZN) has inked a multi-year agreement with publisher Hachette Book Group over the sales of ebooks and print books. The agreement signals an end to the two companies’ bitter conflict the previous months, stemming from differences regarding price setting and Amazon’s cut on book sales. The dispute lasted for about six…
Amazon.com, Inc (AMZN) To Expand AWS, Dismisses Threat from Rivals in Cloud Market
Amazon.com, Inc. (NASDAQ:AMZN) is set to expand its AWS (Amazon Web Service) unit by gradually establishing data centers in every large country throughout the world, AWS chief Andy Jassy said during Amazon’s third annual AWS conference in Las Vegas on Wednesday. In a report by Reuters, Jassy is quoted as saying that Amazon is committed…
Amazon.com, Inc. (AMZN) Jumps Into Smart Device Race, Launches Amazon Echo Speaker
This has been a busy year for Amazon.com, Inc. (NASDAQ:AMZN) as the retailer launched new Smartphone, tablet, and grocery services. The latest addition to its innovative product list is a web-connected speaker that the user can talk with and give commands. Amazon has launched its latest product in the market, Amazon Echo, with the ability…
Amazon.com, Inc. (AMZN) Starts Alternative Delivery Mode Experiment With Taxi Deliveries In California
The e-commerce retailer, Amazon.com, Inc. (NASDAQ:AMZN), riddled by delays during the last Christmas season, is looking for efficient delivery alternatives and the latest delivery mode used by the company includes taxi deliveries. The company is said to use taxi deliveries in California during the past few weeks. As mentioned by the Wall Street Journal, the…