Latest Andrew Jassy News

Amazon sues Washington's labor agency over alleged hazards

Oct. 04, 2022 15:54 PM EDT

NEW YORK (AP) — Amazon has sued Washington state’s labor agency following disputes with regulators over citations and fines imposed on the company for worker safety issues. In the lawsuit, filed Monday in federal court for the Western District of Washington, Amazon asked a judge...

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Sep. 22, 2022 15:46 PM EDT

WASHINGTON (AP) — Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime, rejecting the company’s complaint that the executives are being unfairly harassed in the probe of the popular streaming and shopping...

FTC investigating Amazon's $3.9B purchase of One Medical

Sep. 02, 2022 20:45 PM EDT

NEW YORK (AP) — The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal. Both One Medical and Amazon received a request for additional information Friday in...

Amazon: FTC probe hounding Bezos, execs; subpoenas too broad

Aug. 16, 2022 19:51 PM EDT

WASHINGTON (AP) — Amazon has complained to federal regulators that they are hounding company founder Jeff Bezos and senior executives, making “impossible-to-satisfy demands” in their investigation of Amazon Prime, the popular streaming and shopping service with free delivery and an estimated...

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Jul. 28, 2022 22:52 PM EDT

NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. The Seattle-based e-commerce giant also said it is making progress in controlling some of the excess costs from its...

Jay Carney, Amazon's top policy exec, leaves for Airbnb

Jul. 22, 2022 15:49 PM EDT

NEW YORK (AP) — Jay Carney, the top policy and communications executive at Amazon and one-time White House spokesman, has been named the head of policy at Airbnb, marking another high-profile departure for Amazon as it faces a shifting consumer landscape and heightened regulatory scrutiny. ...

Amazon sues admins of 10K Facebook groups over fake reviews

Jul. 19, 2022 15:52 PM EDT

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products. The Seattle-based e-commerce giant said in a statement posted on its website Tuesday the Facebook groups were set up...

Amazon Prime Day comes amid slowdown in online sales growth

Jul. 12, 2022 17:02 PM EDT

Amazon is heading into its annual Prime Day 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...