Business Tech

Amazon to hold holiday shopping event in October

Editorial Bureau September 26, 2022

Amazon said Monday that next month it will hold a second Prime Day-like shopping event, making it the latest major retailer to offer holiday deals earlier this year to entice cautious consumers struggling with tighter budgets. During the Oct. 11-12 event, Amazon Prime members will get early

Entertainment

Ambitious ‘Lord of the Rings’ prequel hopes to slay dragons

Editorial Bureau September 1, 2022

The return of dragons on the small screen has been a huge hit. Now it’s time for the return of the elves and dwarves. Amazon Studios is launching “The Lord of the Rings: The Rings of Power,” an ambitious, years-in-the-making and very expensive salvo that will go head-to-head with another costly streaming fantasy epic: HBO’s “Game of […]

Business Tech

As Amazon grows, so does its eye on consumers

Editorial Bureau August 23, 2022

From what you buy online to how you remember tasks to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn’t want to halt its reach anytime soon. In recent weeks, Amazon has said it will spend billions of dollars on two gigantic acquisitions that, if approved, will broaden its […]

Business Tech

Amazon to buy primary care provider One Medical for $3.9B

Editorial Bureau July 22, 2022

New York(USA)- Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services. The Seattle-based e-commerce giant said Thursday it is buying One Medical for $18 per share cash. Its one of Amazon’s biggest acquisitions, following its $13.7 billion deal […]

Business IN UK 01

Amazon to create more than 4,000 new permanent jobs in the UK this year

Editorial Bureau July 15, 2022

The online marketplace says the new roles will include work at fulfilment centres in Wakefield and Knowsley. London(UK)- Amazon says it will create more than 4,000 new permanent jobs in the UK this year. The company said this would bring its permanent workforce to 75,000. The roles will be spread across the UK and include […]

Tech

Amazon offers concessions to head off EU antitrust case

Editorial Bureau July 14, 2022

London(UK)- Amazon, seeking to resolve two European Union antitrust investigations, has promised to treat third-party merchants on its website fairly, the bloc’s competition watchdog said Thursday. The U.S. online retail giant offered to make several commitments to ease competition concerns, and the European Commission, the 27-nation bloc’s top antitrust enforcer, said it

Business

Amazon Prime Day comes amid slowdown in online sales growth

Editorial Bureau July 12, 2022

Amazon is heading into its annual Prime Day online sales event on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event — one of its biggest all year — to lure people to its Prime membership, for which Amazon recently raised the price to $139 a year […]

Business

Vote tally begins in 2nd Amazon union election in NYC

Editorial Bureau May 2, 2022

A federal labor board on Monday will count ballots cast by warehouse workers in a second Amazon union election on Staten Island. The National Labor Relations Board is overseeing the election and expects to finish tallying the votes by Monday evening. A separate election held last month gave a nascent group of organizers known as […]

Business

Amazon reports rare quarterly loss as online shopping slows

Editorial Bureau April 29, 2022

NEW YORK — Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup. The Seattle-based e-commerce giant’s stock fell 9% in after-hours trading. Amazon reported a loss of $3.84 billion, or $7.56 a […]

Business

County grants approval for Amazon’s helix-shaped HQ tower

Editorial Bureau April 24, 2022

FALLS CHURCH, Va. — The Arlington County Board gave unanimous approval Saturday to Amazon’s plans to build a unique, helix-shaped tower as the centerpiece of its emerging second headquarters in northern Virginia. Amazon announced the plans in February 2021 for the eye-catching, 350-foot tower to anchor the second phase of its redevelopment plans. The new […]