Latest Amazon.com Inc News

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Sep. 22, 2022 15:46 PM EDT

WASHINGTON (AP) — Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime, rejecting the company’s complaint that the executives are being unfairly harassed in the probe of the popular streaming and shopping...

California sues Amazon, alleging antitrust law violations

Sep. 14, 2022 18:12 PM EDT

NEW YORK (AP) — California is suing Amazon, accusing the company of violating the state's antitrust and unfair competition laws by stifling competition and engaging in practices that push sellers to maintain higher prices on products on other sites. The 84-page lawsuit filed...

Amazon keeps growing, and so does its cache of data on you

Aug. 23, 2022 18:25 PM EDT

From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn’t want to halt its reach anytime soon. In recent weeks, Amazon has said it will spend billions of dollars in two gigantic...

Amazon: FTC probe hounding Bezos, execs; subpoenas too broad

Aug. 16, 2022 19:51 PM EDT

WASHINGTON (AP) — Amazon has complained to federal regulators that they are hounding company founder Jeff Bezos and senior executives, making “impossible-to-satisfy demands” in their investigation of Amazon Prime, the popular streaming and shopping service with free delivery and an estimated...

Amazon to buy vacuum maker iRobot for roughly $1.7B

Aug. 05, 2022 15:03 PM EDT

NEW YORK (AP) — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy advocates about Amazon's market...

Amazon, Chevron rise; Roku, Intel fall

Jul. 29, 2022 16:19 PM EDT

Stocks that traded heavily or had substantial price changes Friday: Chevron Corp., up $13.39 to $163.78. The oil company racked up record quarterly profits in the second quarter amid high oil and gas prices. Roku Inc., down $19.65 to $65.52. ...

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Jul. 28, 2022 22:52 PM EDT

NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. The Seattle-based e-commerce giant also said it is making progress in controlling some of the excess costs from its...

Jay Carney, Amazon's top policy exec, leaves for Airbnb

Jul. 22, 2022 15:49 PM EDT

NEW YORK (AP) — Jay Carney, the top policy and communications executive at Amazon and one-time White House spokesman, has been named the head of policy at Airbnb, marking another high-profile departure for Amazon as it faces a shifting consumer landscape and heightened regulatory scrutiny. ...

Amazon to buy primary care provider One Medical for $3.9B

Jul. 21, 2022 15:20 PM EDT

NEW YORK (AP) — Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services. The Seattle-based e-commerce giant said Thursday it is buying One Medical for $18 per share...

Amazon sues admins of 10K Facebook groups over fake reviews

Jul. 19, 2022 15:52 PM EDT

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products. The Seattle-based e-commerce giant said in a statement posted on its website Tuesday the Facebook groups were set up...