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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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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 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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Deal-hungry Takeaway.com delivers $10 billion Just Eat takeover

LONDON/AMSTERDAM (Reuters) – Amsterdam-based online food delivery firm Takeaway.com (TKWY.AS) has agreed to buy Just Eat (JE.L) in an all-share deal valuing the combined group, which will be one of the sector’s largest, at about 8.2 billion pounds ($10.1 billi... 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 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 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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JD.com CEO will not face assault charges in Minnesota

(Reuters) – Minnesota prosecutors will not charge the billionaire chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday. Hennepin Cou... 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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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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SEC investigates Overstock token sale, shares slide

The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating Overstock.com Inc’s (OSTK.O) sa... 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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Israel’s Spacecom expands deal for satellite service to Nepal

TEL AVIV (Reuters) – Israel’s Space Communication Ltd, operator of the Amos satellites, said on Tuesday Nepal’s Dish Media Network has contracted for more capacity on the Amos-4 satellite starting in the fourth quarter. The additional capacity will increase Sp... 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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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 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 takes on UK supermarkets with ‘Pantry’ offer

LONDON Online retailer Amazon has stepped up the pressure on Britain’s traditional supermarkets with the nationwide launch on Friday of a packaged groceries offer for Amazon Prime members. The move is the ecommerce giant’s most ambitious foray into Britain’s g... More »

Amazon considering online TV service: Bloomberg

Amazon.com Inc is considering the creation of a live online TV service and has reached out to networks such as CBS Corp and Comcast’s NBCUniversal to express interest in carrying their channels, Bloomberg reported. The e-commerce giant’s talks with the network... More »