Latest Amazon.com Inc News

Amazon to buy vacuum maker iRobot for roughly $1.7B

Aug. 05, 2022 15:03 PM EDT

NEW YORK (AP) — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy advocates about Amazon's market...

Amazon, Chevron rise; Roku, Intel fall

Jul. 29, 2022 16:19 PM EDT

Stocks that traded heavily or had substantial price changes Friday: Chevron Corp., up $13.39 to $163.78. The oil company racked up record quarterly profits in the second quarter amid high oil and gas prices. Roku Inc., down $19.65 to $65.52. ...

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 to buy primary care provider One Medical for $3.9B

Jul. 21, 2022 13:25 PM EDT

NEW YORK (AP) — 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 in a statement Thursday it is buying One Medical...

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 offers concessions to head off EU antitrust cases

Jul. 14, 2022 13:33 PM EDT

LONDON (AP) — 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 a number of commitments to ease...

Amazon Prime Day: What consumers are buying

Jul. 12, 2022 17:11 PM EDT

Amazon will be offering discounts on a variety of items during its two-day Prime Day shopping event that began Tuesday. The Seattle-based ecommerce giant started the sales event in 2015 in response to Singles’ Day, a shopping holiday in China popularized by Chinese e-commerce...

Retailers scale back hiring as worry about a slowdown grows

Jul. 07, 2022 14:14 PM EDT

NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America's retailers are starting to temper their recruiting. The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic...

Wall Street expects inflation squeeze on 2Q earnings

Jul. 07, 2022 10:01 AM EDT

NEW YORK (AP) — Inflation tightened its grip on businesses and consumers during the second quarter and investors expect to see a dent in the latest round of corporate earnings. Wall Street already had expected relatively muted earnings growth in 2022 following a sharp recovery in...