Latest Amazon.com Inc News

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart is reporting  disappointing fourth-quarter profits and sales. The nation's largest retailer says that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. (AP Photo/Gene J. Puskar, File)

A rare miss for Walmart to end the year

Feb. 18, 2020 2:58 PM EST

NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile, where there are hundreds of Walmart stores, cut into international sales. Walmart also delivered a weak profit forecast for the year and...

A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)

Pier 1 files for bankruptcy protection amid online challenge

Feb. 17, 2020 7:17 PM EST

Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...

FILE - This March 27, 2008, aerial file photo, shows the Pentagon in Washington. A Federal court has ordered the Pentagon to temporarily halt work with Microsoft on its $10 billion military cloud contract, Thursday, Feb. 13, 2020, after Amazon sued alleging that President Donald Trump's bias against the company hurt its chances to win the project.  Amazon requested the court issue the injunction last month. Both the documents requesting the block and the judge's decision to issue the temporary injunction are sealed by the court.   (AP Photo/Charles Dharapak, File)

In win for Amazon, judge freezes work on Pentagon contract

Feb. 13, 2020 6:05 PM EST

NEW YORK (AP) — A federal judge on Thursday ordered a temporary halt of Microsoft's work on a $10 billion military cloud contract, a win for Amazon, which sued the U.S. government last year for awarding the contract to its rival. Amazon's lawsuit, filed in November, alleged that President Donald Trump's...

FILE - In this July 27, 2018 file photo, the logo for Amazon is displayed on a screen at the Nasdaq MarketSite in New York. Amazon wants to depose President Donald Trump over the tech company's losing bid for a $10 billion military contract. The Pentagon awarded the cloud computing project to Microsoft in October. Amazon later sued, arguing that Trump's interference and bias against the company harmed Amazon's chances of winning the contract. (AP Photo/Richard Drew, File)

Amazon wants to question Trump over losing $10B contract bid

Feb. 10, 2020 5:05 PM EST

Amazon wants President Donald Trump to submit to questioning over the tech company's losing bid for a $10 billion military contract. The Pentagon awarded the cloud computing project to Microsoft in October. Amazon later sued, arguing that Trump's interference and bias against the company harmed Amazon's chances....

FILE - In this Feb. 27, 2017 file photo, people crowd at the LG stand during the Mobile World Congress wireless show in Barcelona, Spain. Sony and Amazon are the latest companies to pull out of a major European technology show over virus fears.Sony said Monday it’s scrapping its appearance at Mobile World Congress, the world’s biggest mobile industry trade fair, in Barcelona, Spain later this month. (AP Photo/Emilio Morenatti, File)

Sony, Amazon, others drop out of big tech show over virus

Feb. 10, 2020 12:15 PM EST

LONDON (AP) — Two big Japanese companies are the latest to pull out of a major European technology show due to fears over the outbreak of the new coronavirus. Electronics manufacturer Sony and mobile phone carrier NTT DoCoMo said Monday they're scrapping their appearances at Mobile World Congress, the...

Specialist Jay Woods works at his post on the floor of the New York Stock Exchange, Thursday, Feb. 6, 2020. U.S. stocks rose in midday trading Thursday as investors continued focusing on the latest round of corporate earnings and China cut tariffs on key imports as part of a trade war truce. (AP Photo/Richard Drew)

Asian stock markets retreat after surge on China tariff cut

Feb. 6, 2020 11:38 PM EST

Asian stock markets retreated Friday following a surge after China announced a tariff cut on U.S. imports. Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney all declined. Tokyo was flat. Major Asian markets jumped more than 2% on Thursday after Beijing said it will cut duties on $75 billion of U.S. goods...

FILE - This Aug. 8, 2018, file photo shows the Casper logo on the company's website, on a computer screen in New York.  Online mattress pioneer Casper Sleep Inc. is slashing the price of its initial public offering. The New York-based company said in a filing with the Securities and Exchange Commission on Wednesday, Feb. 5, 2020 that it now anticipates offering approximately 8.4 million shares at $12 to $13 per share. (AP Photo/Jenny Kane, File)

Casper Sleep cutting price of IPO

Feb. 5, 2020 9:14 AM EST

Online mattress pioneer Casper Sleep Inc. is slashing the price of its initial public offering. The New York-based company said in a filing with the Securities and Exchange Commission on Wednesday that it now anticipates offering approximately 8.4 million shares at $12 to $13 per share. Last month Casper said it...

FILE - In this Feb. 14, 2019 file photo, people stand in the lobby for Amazon offices in New York.  Amazon said Friday, Jan. 31, 2020,  it now employs more than 500,000 people in the U.S., another sign of the online giant's rapid growth.  (AP Photo/Mark Lennihan, File)

Amazon is big ... really, really big; workforce hits 500K

Jan. 31, 2020 4:38 PM EST

NEW YORK (AP) — Need more proof that Amazon is big? It came this week. Amazon's U.S. workforce has topped 500,000 for the first time, up 43% from the year before and more than triple what it was five years ago, the company said Friday. It gained 150,000 workers last year, more than the size of Apple's...

Exxon Mobil, Amgen fall; Amazon, IBM rise

Jan. 31, 2020 4:17 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Amazon.com Inc., up $134.04 to $2,008.72 The online retailer blew past Wall Street's fourth-quarter profit forecasts as Prime membership surged. Visa Inc., down $9.24 to $198.97 The payment processing giant reported weak fiscal...

FILE - In this Dec. 17, 2019, file photo an Amazon robot sends a package down a chute, transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. Amazon.com reports financial results on Thursday, Jan. 30, 2020. (AP Photo/Ross D. Franklin, FIle)

Amazon's latest milestone: 150 million Prime members

Jan. 30, 2020 7:11 PM EST

NEW YORK (AP) — Amazon had another prime holiday season. The online retailer said Thursday it has more than 150 million Prime members worldwide who pay $119 a year for faster shipping and other perks. That's up 50% from the last time Amazon disclosed the number in 2018. It also surpasses Netflix, which has...