Latest Amazon.com Inc News
A rare miss for Walmart to end the year
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...
Pier 1 files for bankruptcy protection amid online challenge
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...
In win for Amazon, judge freezes work on Pentagon contract
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...
Amazon wants to question Trump over losing $10B contract bid
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....
Sony, Amazon, others drop out of big tech show over virus
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...
Asian stock markets retreat after surge on China tariff cut
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...
Casper Sleep cutting price of IPO
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...
Amazon is big ... really, really big; workforce hits 500K
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
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...
Amazon's latest milestone: 150 million Prime members
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...
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