Latest Amazon.com Inc News

Amazon to hire 4,400 new employees in Maryland in expansion

Sep. 14, 2020 4:39 PM EDT

BALTIMORE, Md. (AP) — Amazon said it plans to hire up to 4,400 employees for its Maryland facilities as part of a major company-wide expansion accelerated by booming sales during the coronavirus pandemic. The Baltimore Sun reports that the new hires will add to the Seattle-based online retailer’s...

FILE - This March 27, 2008, aerial file photo, shows the Pentagon in Washington. The Pentagon on Friday, Sept. 4, 2020, reaffirmed Microsoft as winner of a cloud computing contract potentially worth $10 billion, although the start of work is delayed by a legal battle over rival Amazon's claim that the bidding process was flawed. (AP Photo/Charles Dharapak, File)

Pentagon reaffirms Microsoft as winner of disputed JEDI deal

Sep. 4, 2020 5:34 PM EDT

WASHINGTON (AP) — The Pentagon on Friday reaffirmed Microsoft as winner of a cloud computing contract potentially worth $10 billion, although the start of work is delayed by a legal battle over rival Amazon's claim that the bidding process was flawed. “The department has completed its comprehensive...

FILE - Director Bryan Fogel, left, and Hatice Cengiz, fiancee of the murdered journalist Jamal Khashoggi, pose for a portrait to promote the film

Jamal Khashoggi doc 'The Dissident' finds distribution

Sep. 2, 2020 12:20 PM EDT

NEW YORK (AP) — Bryan Fogel's Jamal Khashoggi documentary “The Dissident" made one of the biggest splashes at the Sundance Film Festival in January. Reviews were terrific. Hillary Clinton attended the premiere, as did Khashoggi's fiancée, Hatice Cengiz. But perhaps because of global media...

FILE - In this March 31, 2020 file photo, a woman pulls groceries from a cart to her vehicle outside of a Walmart store in Pearl, Miss. Walmart is launching a new membership service for shoppers this month that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart stores without having to wait at a register. (AP Photo/Julio Cortez, File)

15 years later, Walmart to launch its answer to Amazon Prime

Sep. 1, 2020 11:12 AM EDT

NEW YORK (AP) — Walmart is launching a new membership service that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year, or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart stores...

FILE - This undated image provided by Amazon shows one of the company's delivery drones. Amazon won approval to deliver packages by drones from the Federal Aviation Administration, the agency said Monday, Aug. 31, 2020. (Jordan Stead/Amazon via AP, File)

Amazon wins FAA approval to deliver packages by drone

Aug. 31, 2020 4:46 PM EDT

NEW YORK (AP) — Getting an Amazon package delivered from the sky is closer to becoming a reality. The Federal Aviation Administration said Monday it had granted Amazon approval to deliver packages by drones. Amazon said that the approval is an “important step," but added that it is still testing...

FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. Walmart said Thursday, Aug. 27,  that it's interested in teaming up with Microsoft to buy the U.S. business of TikTok, the popular Chinese video app.  (AP Photo/Anjum Naveed, File)

What does Walmart see in TikTok? Millions of young shoppers

Aug. 29, 2020 11:09 AM EDT

NEW YORK (AP) — Walmart may be the world's largest retailer but it has mostly failed in its efforts to break Amazon's online dominance. Could TikTok, a fast-growing 3-year-old app filled with goofy videos, be the answer? TikTok's U.S. business appears up for grabs, with the Trump administration trying to...

White House Chief of Staff Mark Meadows, right, accompanied by Treasury Secretary Steven Mnuchin, left, speaks to reporters after meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)

Emergency postal aid stalls as WH rejects House-passed bill

Aug. 23, 2020 8:00 PM EDT

WASHINGTON (AP) — Help for the U.S. Postal Service landed in stalemate Sunday as the White House dismissed an emergency funding bill aimed at shoring up the agency before the November elections as “going nowhere” and House Speaker Nancy Pelosi urged senators to act quickly. “The public...

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington, Saturday, Aug. 22, 2020. The House is set for a rare Saturday session to pass legislation to halt changes in the Postal Service and provide $25 billion in emergency funds. (AP Photo/Susan Walsh)

House passes bill to reverse changes blamed for mail delays

Aug. 22, 2020 7:49 PM EDT

WASHINGTON (AP) — With heated debate over mail delays, the House approved legislation in a rare Saturday session that would reverse recent changes in U.S. Postal Service operations and send $25 billion to shore up the agency ahead of the November election. Speaker Nancy Pelosi recalled lawmakers to...

This June 2019 photo shows Jeff Wilke at an Amazon conference in Las Vegas. Amazon says executive Wilke, who oversees the company’s retail business, will retire early in 2021. He will be replaced by Dave Clark, who runs Amazon's warehouses and delivery network. Wilke has been at Amazon for more than two decades.  (AP Photo/Joseph Pisani)

Longtime Amazon executive Jeff Wilke to retire next year

Aug. 21, 2020 1:26 PM EDT

NEW YORK (AP) — Amazon's retail chief Jeff Wilke, who helped the company transform itself from an online bookstore into a global colossus, is retiring early next year. Wilke, 53, has been with Amazon for more than two decades and was regarded as a potential successor to founder and CEO Jeff Bezos. His...

Amazon, Meritage Homes rise; Kohl's, Big Lots fall

Aug. 18, 2020 4:28 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Advance Auto Parts Inc., up $1.85 to $162.85. The auto parts retailer handily beat analysts' second-quarter profit forecasts thanks to surging sales. Kohl's Corp., down $3.44 to $20.01. The department store operator expects the...