Howell cops bust fake Amazon scammer in $80K sting
HOWELL TOWNSHIP, N.J. — The Howell Township Police Department is warning residents about an ongoing scam targeting community members after a resident was nearly defrauded of $80,000 in a complex scheme involving…
Affirm shares jump on expanded partnership with Amazon
By Chibuike Oguh NEW YORK (Reuters) – Affirm Holdings’s stock rose by nearly 18% on Thursday after ecommerce giant Amazon announced that its business-to-business store would begin offering the buy-now-pay-later lender at…
From Amazon to McDonald’s, strong earnings show U.S. consumer resilience
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) – In a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald’s, Chipotle Mexican Grill and…
Marketmind: Haunted by 5% ahead of ECB, GDP and Amazon
A look at the day ahead in U.S. and global markets from Mike Dolan The selloff in Wall Street stocks is starting to snowball as even megacap tech beats get batted away…
Amazon analysts expect same-day delivery to boost margins in Q3
By Arriana McLymore NEW YORK (Reuters) – Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more…
Amazon Web Services to launch European sovereign cloud
STOCKHOLM (Reuters) – Amazon Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will store data…
Amazon to launch drone deliveries in Italy and UK in late 2024
(Reuters) – Amazon said on Wednesday it was planning to begin delivering packages through drones in Britain, Italy and a third location in the United States, as part of the e-commerce giant’s…
Amazon rolls out robotic system at Houston warehouse to speed up deliveries
(Reuters) – Amazon.com said on Wednesday it was using a robotic system at one of its Houston warehouses to improve inventory management and speed up deliveries, building on its years-long bet that…
Amazon Delivery Truck Robbed in NYC
NEW YORK CITY, NY – On Wednesday, September 20, an unidentified man is alleged to have committed burglary. The incident took place around 3:00 pm when the individual accessed an unattended Amazon…
Wildfires in dry Amazon rainforest choke Manaus city
By Bruno Kelly MANAUS, Brazil (Reuters) – Clouds of dense gray smoke from dozens of wildfires in the Brazilian Amazon, many of them illegally started, have hung over the region’s capital city…
Amazon, Walmart court early holiday shoppers in US with limited-time deals
By Arriana McLymore NEW YORK (Reuters) – Amazon, Walmart, Target and other large retailers launched U.S. sales on Monday and Tuesday, dangling discounts on narrow selections of merchandise more than six weeks…
Bridgeport Man Sentenced to Nine Months for Amazon Fraud Scheme
HARTFORD, CT – Kenoy Stewart, a 27-year-old resident of Bridgeport, was sentenced today to nine months in prison for defrauding Amazon.com, Inc. through a complex scheme involving multiple vendor accounts and fabricated…
US labor board says Amazon breached terms of 2021 labor rights settlement
(Reuters) – Amazon.com was accused by officials of violating the terms of a U.S. labor board settlement, breaching a 2021 agreement which required the online retailer to let workers unionize. The company…
Teamsters union pickets two Amazon warehouses in Los Angeles
(Reuters) – The Teamsters union on Friday picketed outside two Amazon.com warehouses in Los Angeles, protesting against the online retailer’s labor practices. (Reporting by Samrhitha Arunasalam in Bengaluru)…
New Jersey Joins FTC and Multiple States in Antitrust Lawsuit Against Amazon
TRENTON, NJ — New Jersey Attorney General Matthew J. Platkin announced today that the state has joined the Federal Trade Commission (FTC) and 16 other state attorneys general in filing an antitrust…
Judge assigned to US antitrust case against Amazon recuses himself
(Reuters) – The judge assigned to the U.S. Federal Trade Commission’s antitrust lawsuit against Amazon.com has recused himself from the case, according to a court document filed on Wednesday. Senior Judge John…
Former Microsoft product chief joins Amazon as head of devices business
(Reuters) -Former Microsoft product chief Panos Panay will lead Amazon.com’s struggling unit responsible for the firm’s Alexa and Echo products. Panay, who was with Microsoft for more than 19 years and helmed…
New Jersey, Pennsylvania, New York Join Federal Lawsuit Against Amazon
PHILADELPHIA, PA – Pennsylvania Attorney General Michelle Henry announced a collaborative lawsuit against Amazon.com, Inc., alongside the Federal Trade Commission (FTC) and 16 other state Attorneys General. The lawsuit aims to curb…
Amazon Delivery Vehicles Targeted in String of Robberies in Bushwick
BROOKLYN, NY – A series of burglaries involving Amazon delivery vehicles and a parking garage has been reported in the area governed by the 83rd Precinct, with police seeking information about the…
Fourteen dead in plane crash in Brazil’s Amazonas state
(This Sept. 16 story has been corrected to say that the plane was a turbo-prop plane and not a jet in paragraph 1) By Steven Grattan SAO PAULO (Reuters) – Fourteen people…
Banco do Brasil and World Bank ready cooperation on $400 million for Amazon recovery
BRASILIA (Reuters) – Brazilian state-run Banco do Brasil and the World Bank signed a memorandum of understanding on Tuesday on a $400 million credit line for sustainable agriculture and the restoration of…
Amazon opens its biggest last-mile delivery center in Latin America
By Daina Beth Solomon MEXICO CITY (Reuters) – Amazon on Thursday inaugurated its largest last-mile delivery center in Latin America, a warehouse in Mexico’s capital, as it seeks to offer faster deliveries…
Amazon in talks with Disney about ESPN streaming partnership – The Information
(Reuters) – Amazon.com is in early talks with Walt Disney Co about working on the streaming version of ESPN it is developing, while possibly also taking a minority stake in the sports…
Striking writers take antitrust aim at Disney, Amazon, Netflix
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – The striking Writers Guild of America (WGA) on Thursday urged federal regulators to increase their oversight of the streaming media business, saying…
Elizabeth Man Charged for Robbing Amazon Drover Outside Bowling Alley
ELIZABETH, NJ – Anthony Torres, a 22-year-old Elizabeth resident, has been charged with first-degree robbery and third-degree burglary, resulting from a two-month investigation which concluded last week. On Wednesday, June 7, at…
Prominent investors rekindle affection for Amazon in Q2 as stock price jumps
By Svea Herbst-Bayliss NEW YORK (Reuters) – Several prominent investors including hedge fund Baupost Group and mutual fund giant Fidelity bought or increased their holdings in retailer Amazon.com during the second quarter…
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