Latest Amazon.com Inc News

Virginia Tech Innovation Campus project reaches milestone

Feb. 07, 2023 19:58 PM EST

ALEXANDRIA, Va. (AP) — Virginia's biggest undergraduate university reached a milestone Tuesday in its effort to establish a tech-focused graduate campus in northern Virginia. Virginia Tech officials raised a steel beam to the 11th floor of a 300,000-square-foot...

Big tech job cuts keep coming; Zoom latest to trim headcount

Feb. 07, 2023 14:09 PM EST

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. Large and small tech companies went on a hiring spree in over the past several...

Big tech job cuts keep coming; Dell latest to trim headcount

Feb. 06, 2023 11:41 AM EST

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. Large and small tech companies went on a hiring spree in over the past several...

National Enquirer, caught in 'catch-and-kill' scandal, sold

Feb. 06, 2023 08:48 AM EST

The National Enquirer, the scandal-plagued tabloid that engaged in “catch-and-kill” practices to bury stories about Donald Trump during his presidential campaign, has been sold. VVIP is buying the National Examiner and another tabloid, the Globe, from magazine publisher a360...

Google, Apple, Amazon give investors reason to fret

Feb. 03, 2023 17:06 PM EST

Wall Street had its eyes Friday on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances. That included Apple Inc. The company posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on...

Ford, Starbucks fall; Clorox, Gilead Sciences rise

Feb. 03, 2023 16:42 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Ford Motor Co., down $1.09 to $13.12. The automaker reported disappointing fourth-quarter earnings and said its costs are too high. Amazon.com Inc., down $9.52 to...

Nostalgia sells; nostalgia with a twist can be a smash

Feb. 03, 2023 13:27 PM EST

Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will open their wallets to scratch that sentimental itch. Those oldies but goodies keep popping up today, but increasingly with a twist. Companies continue to re-release snacks,...

A surprising burst of US hiring in January: 517,000 jobs

Feb. 03, 2023 12:15 PM EST

WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades. The job market hasn't been cooperating. Consider what happened in January: The government said...

Spanish court: Amazon violated labor law with delivery app

Feb. 03, 2023 12:09 PM EST

MADRID (AP) — A Spanish court has ruled that Amazon broke labor laws by forcing more than 2,000 delivery drivers to use an app that the company controlled for scheduling work and payments and requiring them to use their own cars and cellphones on the job. Amazon could not treat...

Amazon beats Q4 revenue estimates, but profits slump

Feb. 02, 2023 19:43 PM EST

NEW YORK (AP) — Amazon on Thursday reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS, which is also seeing a slow-down in growth. Amazon said it earned $300 million, or 3 cents per share, in the...