Tag: $Amazon

The U.K.’s Competition and Markets Authority is opening invitations to comment for interested third parties to give their views on major partnerships Microsoft and Amazon struck with smaller AI firms.

Eli Lilly said Amazon Pharmacy will help deliver certain prescription drugs, including the popular weight loss treatment Zepbound, directly to patients’ homes through the drugmaker’s new direct-to-consumer website. 

Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said on Tuesday.

Amazon com founder Jeff Bezos has sold $2 billion of the retail and cloud company’s stock, his first sale in more than two years.

Amazon trounced analysts’ expectations for fourth-quarter earnings and revenue.

Amazon Web Services said Friday it will invest 2.3 trillion yen ($15 billion) in Japan by 2027 to expand its cloud infrastructure in Tokyo and Osaka to meet growing demand.

Amazon is laying off hundreds of employees at its studio division as well as its subsidiary Twitch to reduce costs, the latest in a wave of new job cuts hitting the tech industry.

MADRID, Nov 27 (Reuters) – Amazon reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest online shopping days of the year, according to local union group CCOO and the company.

LONDON, Nov 24 (Reuters) – Amazon workers came out on strike at multiple locations across Europe on Friday as protests against the U.S. e-commerce giant’s working practices picked up pace on one of the busiest shopping days of the year.

BRUSSELS, Nov 23 (Reuters) – Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot , three people familiar with the matter said on Thursday.

Amazon.com is partnering with social-media platforms to enable direct purchases from apps such as Snapchat and Instagram. It’s a riposte to the growing e-commerce power of TikTok. 

In topping analysts estimates for its third-quarter results on Thursday, Amazon reported an operating margin of 7.8%, the highest since it reached a record of 8.2% in early 2021.

Amazon.com is facing a long-awaited lawsuit from the Federal Trade Commission. While the company being broken up is the most dramatic potential outcome, it might not be the worst outcome for the online retailer and cloud company. 

E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company.

Amazon.com Inc. said Friday it will add limited advertising to its Prime Video product starting in early 2024.

Amazon said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers.

Amazon.com Inc. has relaunched its Amazon Shipping delivery service after a pandemic-era pause, the company confirmed on Friday. The news, reported on earlier in the day by the Wall Street Journal, marks the return of a segment of the online retailer that went head-to-head with the likes of FedEx Corp. FDX, -0.85% and United Parcel Service Inc.

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday.

Amazon reported second-quarter earnings on Thursday that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth. The stock rose more than 10% in extended trading.

Amazon is rolling out its virtual health clinic service nationwide, the company announced Tuesday.