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Sunday, October 24, 2021 Inc


Amazon sales growth slows in tame start to Andy Jassy's tenure as CEO

July 30, 2021 11:47 am

More than a year into the COVID-19 pandemic, Amazon's financial luster is fading slightly. When brick-and-mortar stores closed, Amazon posted record profits, drew more than 200 million Prime loyalty subscribers, and recruited over 500,000 workers to keep up with surging demand.

The Amazon that customers don’t see

June 15, 2021 3:52 pm

For months, Ann Castillo, a polite, get-it-done physical therapist, had been alerting the company that her husband, who had been proud to work for the retail giant, was severely ill. The responses were disjointed and confusing. Emails and calls to Amazon’s automated systems often dead-ended.

Amazon in talks to buy MGM movie studio: Report

May 18, 2021 2:55 pm

The movie studio behind the "James Bond" franchise, also owns the Epix cable channel and makes TV shows, including popular shows like The Handmaid's Tale, Fargo, Vikings and Shark Tank.

Despite US election result uncertainty, Zuckerberg, Bezos have already gained most

November 05, 2020 1:20 pm

Across the board, the 167 US billionaires gained $57.4 billion on Wednesday as investors bid up stocks, sending major averages to the biggest rallies in five months. Inc’s Jeff Bezos led the way with a $10.5 billion gain, while Facebook Inc’s Mark Zuckerberg added $8.1 billion.

Amazon, Verizon may invest over $4 billion in Vodafone Idea: Report

September 03, 2020 1:53 pm

Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, still owes roughly 500 billion rupees ($6.8 billion) to the Indian government. It is among India's top three telecom firms by subscribers.

Amazon drivers are hanging smartphones in trees to get more work

September 02, 2020 2:46 pm

Drivers have been posting photos and videos on social-media chat rooms to try to figure out what technology is being used to receive orders faster than those lacking the advantage. Some have complained to Amazon that unscrupulous drivers have found a way to rig the company’s delivery dispatch system.

Amazon to help Toyota build cloud-based data services

August 18, 2020 12:31 pm

Toyota said its Mobility Services Platform will enable it to process and analyze data that can be used to develop vehicle services from ride and car sharing to behavior-based insurance and maintenance notifications.

Amazon Inc founder Jeff Bezos adds record $13 billion in single day to his fortune

July 22, 2020 5:34 pm Inc shares surged 7.9 per cent, the most since December 2018 on rising optimism about web shopping trends, and are now up 73 per cent this year.

Amazon profit trounces estimates, sales forecast muted

April 26, 2019 11:02 am

Shares were up 1 per cent in after-hours trade. Amazon's first-quarter net income more than doubled to $3.56 billion, or $7.09 per share, while analysts were only expecting $4.72, according to IBES data from Refinitiv.

Amazon to close domestic marketplace business in China: Sources

April 18, 2019 7:24 am Inc plans to close its domestic marketplace in China by mid-July, people familiar with the matter told Reuters, focusing efforts on more lucrative businesses selling overseas goods and cloud services in the world's most populous nation.