Latest Amazon.com Inc News

Nike cuts ties with Amazon, but shoes won’t vanish from site

Nov. 13, 2019 12:21 PM EST

NEW YORK (AP) — Nike will stop selling its sneakers and athletic gear directly to Amazon, ending a two-year relationship with the world’s largest online retailer. The announcement was a setback for Amazon, which has been trying to lure big brands to its site. But shoppers may not notice a...

Pentagon awaits possible Amazon challenge over cloud deal

Nov. 1, 2019 1:11 PM EDT

Amazon must decide soon if it will protest the Pentagon's awarding of a $10 billion cloud computing contract to rival Microsoft, with one possible grievance being the unusual attention given the project by President Donald Trump. Amazon was long thought to be the front-runner in the competition for the huge...

Correction: Amazon-City Council Spending story

Oct. 30, 2019 2:46 PM EDT

SEATTLE (AP) — In a story Oct. 29 about Amazon's contributions to the Seattle City Council elections, The Associated Press misspelled the last name of a council member. It is Lorena González, not Gonzáles. A corrected version of the story is below: Amazon hopes $1.5 mil elects pro-business...

Report: Saudi Aramco shares to start trading in December

Oct. 29, 2019 2:09 PM EDT

RIYADH, Saudi Arabia (AP) — A long-delayed initial public offering of the state-run oil giant Saudi Aramco will see its shares traded on Riyadh's stock exchange in December, a Saudi-owned satellite news channel reported Tuesday as the kingdom's showcase investment forum began. The report by Dubai-based...

Amazon drops monthly fee to boost grocery delivery sales

Oct. 29, 2019 11:43 AM EDT

NEW YORK (AP) — Amazon has a new plan to try and jumpstart its grocery delivery business: cut some fees for its Prime members. The online retailer said Tuesday it will no longer charge $15 a month for its Amazon Fresh service, which delivers raw meat, vegetables and other groceries to customers' doorsteps....

Asian shares mixed after S&P 500 hits all-time high

Oct. 29, 2019 12:13 AM EDT

BANGKOK (AP) — Shares were mixed in Asia and Chinese benchmarks fell Tuesday after the S&P 500 index closed at an all-time high. The rally Monday came at the beginning of a busy week of corporate earnings and economic reports and with investors expecting another interest rate cut by the Federal...

Correction: Amazon-Results story

Oct. 28, 2019 5:25 PM EDT

NEW YORK (AP) — In a story Oct. 24 about Amazon's third-quarter earnings, The Associated Press misstated how much the shift to one-day shipping will cost the company. The $1.5 billion figure is in addition to what Amazon has previously spent on one-day shipping, not the total amount. A corrected version of...

Investors return to Saudi Arabia as lucrative oil IPO looms

Oct. 28, 2019 3:42 PM EDT

RIYADH, Saudi Arabia (AP) — Lured by a long-looming stock offering of Saudi Arabia's massive state-run oil company, investors and business leaders have returned to the kingdom's capital for an investment forum that was overshadowed last year by the assassination of Washington Post columnist Jamal...

Pentagon hands Microsoft $10B 'war cloud' deal, snubs Amazon

Oct. 25, 2019 9:06 PM EDT

SAN FRANCISCO (AP) — The Pentagon awarded Microsoft a $10 billion cloud computing contract , snubbing early front-runner Amazon, whose competitive bid drew criticism from President Donald Trump and its business rivals. Bidding for the huge project, known as Joint Enterprise Defense Infrastructure, or JEDI,...

Son of Pentagon chief works at company that bid for contract

Oct. 22, 2019 6:14 PM EDT

WASHINGTON (AP) — Defense Secretary Mark Esper has removed himself from decision-making on a cloud computing contract potentially worth $10 billion, citing his son's employment with one of the original contract bidders. In a written statement Tuesday, Pentagon spokesman Jonathan Hoffman said Esper recused...