Amazon News Updates

BusinessLogistics

Amazon Loses ‘Last Bear’ Among Stock Analysts

Amazon.com’s last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a “sell” rating on the company’s shares. In a note to clients July 30, he upgraded the retail and technology giant to “hold.”

August 2, 2019
GovernmentBusinessLogistics

FBI: Amazon Drivers Part of Major Theft Ring

SEATTLE — A theft ring in Washington state sold millions of dollars’ worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.

August 1, 2019
GovernmentBusiness

EBay Accuses Amazon Managers of Leading Scheme to Snag Sellers

EBay Inc. sued three employees working at e-commerce rival Amazon.com, alleging that they conspired with dozens of other workers to fraudulently take high-value online merchants from eBay.

August 1, 2019
GovernmentBusinessLogistics

Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon

A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.

July 31, 2019
BusinessLogistics

Amazon’s Spending on One-Day Delivery Dents Profit, Trims Forecast

Amazon.com’s results were marred by a surge in costs tied to its one-day delivery push, worrying investors who had grown accustomed to almost two straight years of fattening profits.

July 26, 2019
BusinessTechnology

Amazon Results to Show Extent of Sales Boost From 1-Day Shipping

The effects of Amazon.com’s one-day shipping push on profitability and sales will be watched closely when the e-commerce giant reports earnings July 25.

July 25, 2019
BusinessLogistics

Amazon Eyes Large Warehouse Spot at Brooklyn’s Industry City

Amazon.com Inc. is in talks to rent space at Brooklyn’s Industry City for a new logistics facility, according to a person with knowledge of the matter.

July 24, 2019
GovernmentBusinessLogistics

Amazon Has ‘Destroyed’ US Retail Industry, Says Treasury Secretary Steven Mnuchin

U.S. Treasury Secretary Steven Mnuchin alleged that Amazon has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals.

July 24, 2019
BusinessTechnology

Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms

Same-day shipping is becoming more common for online shoppers, but for smaller merchants it can be a logistical nightmare. That’s where Shopify Inc. can step in, says Ric Kostick, CEO of 100% PURE.

July 23, 2019
BusinessTechnology

Amazon Hit With Consumer Complaint Over Prime Day Endorsements

Amazon should be investigated by U.S. regulators over undisclosed paid endorsements on Prime Day, Washington-based Public Citizen, a consumer advocacy group says.

July 23, 2019