Latest Inc News

Book Review: 'Collision of Power' explains the journalism of the Donald Trump era

Oct. 02, 2023 10:36 AM EDT

Martin Baron's “Collision of Power: Trump, Bezos and The Washington Post” is actually a trilogy – an insider’s revealing examination of Jeff Bezos’ stewardship of The Washington Post, a chronicle of how Donald Trump tried mightily to discredit the Post and sink Amazon, and a tense,...

Billionaire Ryan Cohen takes over as CEO at GameStop, adding to chairman role

Sep. 28, 2023 09:14 AM EDT

Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer. Cohen is already the board chairman and the company's largest individual investor. GameStop said in a statement that Cohen won't receive compensation for serving as...

Amazon opening 2 operations facilities in Virginia Beach, creating over 1,000 jobs, Youngkin says

Sep. 27, 2023 19:43 PM EDT

RICHMOND, Va. (AP) — Two new Amazon operations facilities are coming to Virginia Beach, expected to eventually employ over 1,000 people, Virginia Gov. Glenn Youngkin announced Monday. The retailer will establish a robotics fulfillment center expected to launch in 2025 and a...

Horseracing Integrity and Safety Authority says progress is being made in the sport

Sep. 27, 2023 16:22 PM EDT

Lisa Lazarus has gotten countless calls and messages from trainers across horse racing since new medication and anti-doping rules went into effect this spring, many of which she found inspiring. “For the first time ever, they feel like they have a real chance that when they get up...

Philanthropist MacKenzie Scott gives Vermont housing trust $20M, largest donation in its history

Sep. 27, 2023 15:54 PM EDT

BURLINGTON, Vt. (AP) — A housing trust in Vermont has received $20 million — the largest donation in its history — from billionaire philanthropist MacKenzie Scott. Representatives for Champlain Housing Trust said Wednesday that Scott made the donation through her fund, Yield...

Justice Department targets eBay for alleged unlawful sales of pesticides and other toxins

Sep. 27, 2023 13:43 PM EDT

The U.S. Justice Department filed a civil complaint against eBay, claiming the online marketplace unlawfully sold and distributed hundreds of thousands of products like pesticides and motor vehicle emission-evading devices that violate environmental laws. The complaint Wednesday...

Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers

Sep. 26, 2023 19:04 PM EDT

U.S. regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in federal court in Amazon's home state of...

Amazon sued by US regulators and 17 states alleging that its policies inflate online prices and stifle competition

Sep. 26, 2023 12:01 PM EDT
SEATTLE (AP) — Amazon sued by US regulators and 17 states alleging that its policies inflate online prices and stifle competition.

Alcoa, Krispy Kreme fall; Williams-Sonoma, Ford rise, Monday, 9/25/2023

Sep. 25, 2023 16:12 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: HP Inc., down 47 cents to $26.30. Berkshire Hathaway sold about 4.8 million shares of the personal computer and printer maker. Alcoa Corp., down $1.72 to $26.63. ...

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Sep. 25, 2023 06:21 AM EDT

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. The investment underscores how Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that the...