Amazon News Updates

Government, Business, Logistics

New York Mayor Bill de Blasio Calls Amazon鈥檚 HQ2 Jobs 鈥楳ission Critical鈥

Defending the incentive package to attract Amazon.com Inc.鈥檚 HQ2 to New York City, Mayor Bill de Blasio said the prospect of the tech giant bringing tens of thousands of jobs to the area was 鈥渕ission critical.鈥

February 12, 2019
Business, Technology, Top 100

Walmart Wants to Expand Reach in Online Advertising

Walmart Inc. is big in almost every way 鈥 4,755 stores, 1.5 million employees and $380 billion in revenue in the United States alone. But one part of the world鈥檚 largest retailer remains minuscule. 鈥淲e have a tiny ad business,鈥 CEO Doug McMillon told investors in October. 鈥淚t could be bigger.鈥

February 11, 2019
Government, Business, Logistics

Amazon Reconsidering NYC Headquarters After Opposition

Amazon.com Inc. is reconsidering its plan to build a corporate campus in New York after facing a wave of opposition, according to a news report that cited unnamed people familiar with the matter.

February 8, 2019
Government, Business, Logistics

Amazon Cuts Deal to Unfreeze Suspended Product Listings in India

Amazon.com resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market.

February 7, 2019
Government, Business, Technology, Logistics

N.Y. Mayor Says Amazon Will Prevail as City Needs Tech

New York Mayor Bill de Blasio said he thinks Amazon.com will prevail in building its huge new campus in the city 鈥 despite an opponent being recommended to serve on a board with veto power over the transaction.

February 5, 2019
Government, Business, Technology, Logistics

Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos

Amazon.com鈥檚 and Walmart Inc.鈥檚 grand plans for India were thrown into chaos Feb. 1 after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.

February 1, 2019
Business

Amazon Sales, Profit Top Estimates as Retail, Advertising Soar

Amazon.com Inc.鈥檚 sales and earnings in the busy holiday quarter beat analysts鈥 estimates, showing the world鈥檚 biggest web retailer can maintain rapid growth while improving profitability and fending off online competition from rivals such as Walmart Inc.

January 31, 2019
Business

Amazon Likely to Post Slowest Revenue Growth Since 2015

Amazon.com reports fourth-quarter results after the market closes Jan. 31, with analysts braced for a relatively weak read on revenue growth, and focusing instead on the benefits cloud-computing and advertising have had on its margins.

January 31, 2019
Business, Technology, Logistics, Top 100

FedEx Introduces Way for Retailers to Outrace Amazon in Delivery

FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers.

January 29, 2019
Business, Technology, Logistics

Google鈥檚 Bid to Battle Amazon Suffers Blow As Walmart Withdraws

Walmart Inc. has quietly withdrawn from one of Google鈥檚 marquee efforts to challenge Amazon.com in e-commerce.

January 25, 2019