Amazon is preparing a limited launch of a delivery service that would compete directly with services like Fedex and UPS, the Wall Street Journal reported Friday. Citing unnamed sources, the newspaper said the US online and retail giant expects to begin a delivery service in Los Angeles in coming weeks with third-party merchants that sell […]
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Workers at Amazon’s distribution centre in Italy went on strike for about two hours Wednesday to demand better pay and conditions, the second time workers have walked off the job in less than a month. The workers at Amazon’s Castel San Giovanni facility in the north of the country have been demanding better wages and […]
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Italian tax authorities say Amazon will pay 100 million euros ($118 million) to end a dispute over its tax payments from 2011-2015. The agreement announced Friday comes as many European countries seek to close loopholes in tax payments by major multinationals. Amazon confirmed the agreement in a statement, without disclosing the amount it would pay. […]
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The owner of Westfield shopping centers is being bought by French property investor Unibail-Rodamco for $15.7 billion as shop retailers struggle to keep up with the move to online sites like Amazon. The companies said Tuesday that the cash and shares deal would create a company with 104 shopping centers in 13 countries that bring […]
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Amazon announced plans Thursday to invest some $5 billion in a second North American headquarters, in a fresh sign of the phenomenal growth of the diversified US technology giant. Bids are now being accepted for the second headquarters, to be called HQ2, which will be “a full equal to our Seattle headquarters,” said Jeff Bezos, […]
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Amazon CEO Jeff Bezos briefly became the world’s richest man Thursday in Forbes magazine’s tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon’s stock fell nearly 1 percent for the day to $1,046. Amazon shares have been trading at a […]
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Amazon is buying Whole Foods in a stunning move that gives it hundreds of stores across the U.S. – a brand-new laboratory for radical retail experiments that could revolutionize the way people buy groceries. The deal valued at $13.7 billion unites the company that persuaded people to buy books – and then everything else – […]
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Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper and TVs, hit a new milestone. Its stock topped $1,000 for the first time. That price puts Amazon’s market value at $478 billion, double that of rival Wal-Mart and more than 15 times the size of Target. And […]
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Online retail giant Amazon on Thursday opened its first brick and mortar bookstore in New York, selling a limited range of its highest-rated books and letting customers browse products as in times gone by. Amazon, which launched as an online bookseller in 1995 but which now sells everything from designer clothes to groceries, bided its […]
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Wal-Mart Stores, the 800-pound gorilla of retail, is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce. The company, founded in 1962 by Sam Walton, has been gobbling up smaller and niche players in e-commerce in an effort to reach online shopping market leader […]
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Apple Inc, Amazon.com Inc and Google have joined bidding for Toshiba’s NAND flash memory unit, vying with others for the Japanese firm’s prized semiconductor operation, the Yomiuri Shimbun daily reported on Saturday. Toshiba shareholders on Thursday agreed to split off its NAND flash memory business, paving the way for a sale to raise at least […]
Read More Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union. Amazon, along with other tech giants such as Google and Apple, has increased its commitment to Britain in […]
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