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German watchdog launches Amazon investigation: report

BERLIN (Reuters) – Germany’s anti-trust authority has launched an investigation into Amazon’s relationship with third-party traders selling on its site, its head was quoted as saying on Sunday. “We are currently investigating whether and how Amazon influences ... More »

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Amazon says exports from India-based sellers cross $2 billion

NEW DELHI (Reuters) – Amazon.com Inc’s (AMZN.O) total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said on Monday. Amazon’s “Global Se... More »

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Amazon says CEO Bezos willing to testify before Congress: NYT

(Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported here on Monday, citing a lawyer for Amazon who wrote to lawmak... More »

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German union calls for pre-Christmas Amazon strike

BERLIN (Reuters) – Trade union Verdi called for workers at a key Amazon (AMZN.O) logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there. Unions have staged repeat... More »

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Jeff Bezos says Amazon wants to work more with the Pentagon

SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself. “We are going to support the Department of... More »

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Amazon to open new office in Manhattan in 2021

(Reuters) – Amazon.com Inc said on Friday it would open a new office in New York’s Manhattan to house its consumer and advertising teams. The office will open in 2021 and accommodate more than 1,500 employees, the company said. In February, Amazon scrapped its... More »

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Amazon opens pop-up store on China’s Pinduoduo until year-end

SHANGHAI (Reuters) – Amazon.com Inc on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas. The move, which was initially repor... More »

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Woody Allen, Amazon end legal dispute over movie deal

NEW YORK (Reuters) – Woody Allen has ended his $68 million lawsuit against Amazon.com Inc for backing out of a four-picture production and distribution agreement and refusing to distribute a film he had finished. Allen and Amazon notified the federal court in ... More »

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Amazon and Indian trader group in public spat over discounts

NEW DELHI (Reuters) – Amazon.com (AMZN.O) defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant’s website. New e-commerce foreign investment rules that took e... More »

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Amazon.com defeats IRS appeal in U.S. tax dispute

(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. In a 3-0 decision, the 9th U.S. Circ... More »

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Amazon workers in Germany strike over pay, Verdi union says

BERLIN (Reuters) – More than 2,000 workers at seven Amazon (AMZN.O) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday. The walkouts, under the motto ‘No more discount on our incomes”, started overnight an... More »

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UK competition regulator puts brake on Amazon’s Deliveroo deal

(Reuters) – Britain’s competition regulator has stepped in to pause Amazon’s (AMZN.O) deal with online food delivery group Deliveroo while it considers launching a full investigation. Amazon led a $575 million fundraising in Deliveroo in May, making what the t... More »

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Amazon brings online sellers to UK high street in pop-up stores

LONDON (Reuters) – Online retail giant Amazon said it would open pop-up shops in Britain to give more than 100 small online businesses an opportunity to sell on the high street for the first time. The first of the 10 stores, which are branded “Clicks and Morta... More »

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Amazon facial recognition ban won just 2% of shareholder vote

(Reuters) – Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed. Some... More »

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Amazon to offer more than 1,000 apprenticeships in Britain

LONDON (Reuters) – Online retailer Amazon will create more than 1,000 apprenticeship roles in Britain over the next two years, it said on Tuesday, indicating the country’s imminent departure from the European Union is not deterring it from investing. With only... More »

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Amazon adds former PepsiCo CEO Indra Nooyi to board

(Reuters) – Amazon.com Inc said on Monday it appointed former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director, making her the second woman to be named to the e-commerce giant’s board this month. Earlier this month, the company named Starbucks Cor... More »

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Woody Allen sues Amazon Studios for quitting movie deal

NEW YORK (Reuters) – Woody Allen sued Amazon Studios on Thursday, saying he deserves at least $68 million in damages over their refusal to distribute his completed film “A Rainy Day in New York” and their decision to abandon a four-picture production and distr... More »

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Investors ask how the Bezos divorce will affect Amazon

NEW YORK (Reuters) – Amazon.com Inc (AMZN.O) shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bez... More »

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Austrian retailers file antitrust complaint against Amazon

VIENNA (Reuters) – Austrian retailers have filed a complaint against Amazon with their national competition authority over the U.S. e-commerce giant’s dual role as a retailer and a marketplace. The European Commission and Germany’s antitrust authority are also... More »

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Amazon’s latest gadget: a self-driving toy car for coders

LAS VEGAS (Reuters) – Self-driving cars, meet Amazon’s self-driving toys. Amazon.com Inc’s cloud unit on Wednesday announced a $399 autonomous toy car, aimed at helping web developers try out some of their own self-driving technology. Customers can train and t... More »

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Amazon adopts new policy to promote board diversity

(Reuters) – Amazon.com Inc on Monday said it is adopting a new policy to promote diversity in its board of directors, saying that women and minorities are to be among the company’s board nominees. “The Amazon Board of Directors has adopted a policy that the No... More »

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Trump attacks Amazon, again, over U.S. postal rates

(Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world’s biggest online retailer of getting unfairly cheap rates from the U.S. Postal Service and not paying enough tax. Trump’s comments on... More »

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Amazon hires NBC executive Salke to run video studio

FILE PHOTO: Jennifer Salke, president NBC Entertainment, speaks at the Hollywood Radio and Television Society Newsmaker Luncheon featuring the TV network entertainment presidents in Beverly Hills, California October 11, 2011. REUTERS/Fred Prouser (Reuters) – A... More »

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In Australia, Amazon is still finding its way

A package is tracked on an Amazon tracking screen in this illustration photo January 17, 2018. REUTERS/Thomas White/Illustration SYDNEY (Reuters) – When Kiri Pomery ordered a red Santa Claus hat from Amazon.com Inc’s new Australian operation, the estimated del... More »

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Amazon stock market value on verge of eclipsing Microsoft

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 ... More »

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Amazon’s automated grocery store of the future opens Monday

SEATTLE (Reuters) – Amazon.com Inc (AMZN.O) will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattl... More »

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Luxembourg challenges EU order to recover tax from Amazon

FILE PHOTO – The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo BRUSSELS (Reuters) – Luxembourg is challenging a European Union order to recover about 250 mill... More »

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Amazon Prime Video now available on Apple TV

The Amazon TV button on a remote control is shown in this photo illustration. Picture taken November 10, 2017 REUTERS/Mike Blake (Reuters) – Amazon.com Inc and Apple Inc have partnered to bring the Amazon Prime Video app to Apple TV in more than 100 countries,... More »

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Amazon steps up pace in artificial intelligence race

Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. REUTERS/Salvador Rodriguez LAS VEGAS (Reuters) – Amazon.com Inc this week announced a flurry of new machine lear... More »

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Drug chains tumble on reports Amazon eyeing their pie

Shares of drug retailers Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on Friday after reports that Amazon.com Inc (AMZN.O) was looking to make a move into selling drugs online. More »

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Amazon plans layoffs at Quidsi unit after losses

FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo Amazon.com Inc (AMZN.O) plans to cut 263 jobs at its money-losing parenting products unit Quidsi this... More »

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Amazon.com wins $1.5 billion tax dispute over IRS

An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions invo... More »

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Washington Post software deal a double win for Bezos

Jeff Bezos, founder of Blue Origin and CEO of Amazon, speaks about the future plans of Blue Origin during an address to attendees at Access Intelligence’s SATELLITE 2017 conference in Washington, U.S., March 7, 2017. REUTERS/Joshua Roberts Billionaire Jeff Bez... More »

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Ancient human tree cultivation shaped Amazon landscape

File Photo: A view is seen from the Amazon Tall Tower Observatory (ATTO) in Sao Sebastiao do Uatuma in the middle of the Amazon forest in Amazonas State, Brazil, January 10, 2015. REUTERS/Bruno Kelly/File Photo Ancient indigenous peoples had a far more profoun... More »

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Disruption in Amazon`s cloud service ripples through internet

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol Web users experienced widespread glitches on Tuesday, from news sites to government services, after Amazon.com Inc’s popu... More »

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Amazon to create over 5,000 jobs in Britain in 2017

FILE PHOTO: An Amazon package is seen after being delivered in London, Britain February 29, 2016. REUTERS/Toby Melville/File Photo Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its inves... More »

Amazon calls 2016 holiday season its best ever- shares rise

Workers unload a wide body aircraft emblazoned with Amazon’s Prime logo at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S. December 20, 2016. Picture taken December 20, 2016. REUTERS/Mark Makela Amazon.com Inc said it shipped more than 1 b... More »

Amazon to launch new private labels in coming weeks: WSJ

Amazon.com Inc will launch new lines of its private-label brands in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The new brands with names like Happy Belly, Wickedly Prime and Mama Bear will include nuts, spices, ... More »

Amazon plans two-hour delivery in Berlin -Welt

FRANKFURT Amazon is preparing to launch a two-hour delivery service in Berlin, German newspaper Welt reported on Saturday, citing Berlin transport sources. The newspaper said Amazon had ordered a site on Berlin’s fashionable Kurfuerstendamm to be repurposed as... More »

Amazon says its female workers paid equally as men

SAN FRANCISCO Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently conducted. The disclo... More »

Amazon shares plunge as record profit still misses estimates

Amazon.com Inc posted its most profitable quarter ever on Thursday but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. The results, as we... More »