#Amazon

  • Amazon banning customers…Here’s why

    Turns out Amazon’s 30-day return policy isn’t so liberal after all. The company has been banning people it claims are sending back too many items, according to the Wall Street Journal. The e-commerce giant — whose self-proclaimed mission “to be Earth’s most customer-centric company” — bans users who cause “a...
  • Amazon cuts Whole Foods prices for Prime members in new grocery showdown

    (Reuters) – Amazon.com Inc (AMZN.O) and Whole Foods Market are making a surgical strike in the already brutal grocery price war. On Wednesday, Whole Foods debuted a much-anticipated loyalty program that offers special discounts to Prime customers, including 10 percent off hundreds of sale items and rotating weekly specials...
  • Tax Compromise Gives Amazon’s Latest Seattle Office New Life

    Amazon says it will move forward with plans for a new office building in Seattle after the city council slashed a proposed corporate tax by nearly half. Amazon halted plans for the new building earlier this month in response to the proposed tax, which is designed to help the...
  • Amazon said to offer discounts to expand its payment system

    Amazon.com is offering to pass along the discounts it gets on credit-card fees to other retailers if they use its online payments service, according to people with knowledge of the matter, in a new threat to PayPal Holdings and card-issuing banks. The move shows Amazon is willing to sacrifice...
  • Amazon to add 2,000 jobs in Boston

    Jeff Bezos, Amazon Amazon is adding 2,000 jobs to its Boston tech hub in fields dealing with cloud computing and speech science, the company announced Tuesday. Boston is one of the tech giant’s largest footholds and is a finalist to win the company’s second headquarters. Amazon has been paying...
  • Cramer on Amazon earnings: ‘This was the best quarter I’ve ever seen’ for a company, period

    CNBC’s Jim Cramer on Friday threw down the gauntlet on Amazon, saying the e-commerce and cloud computing giant’s latest fiscal quarter is the best he’s ever seen and a “new order.” Cramer said he didn’t and won’t qualify that statement. “This was the best quarter I’ve ever seen of...
  • Gains for Amazon and Microsoft help US stocks edge higher

    NEW YORK (AP) — Online retailer Amazon is surging to new highs Friday following a strong first quarter and tech giants Microsoft and Intel are also climbing, but U.S. stocks are just modestly higher overall. Weak results from Exxon Mobil are weighing on energy companies. Asian stocks climbed following...
  • How the Amazon Whole Foods Acquisition Will Disrupt Food Marketing

    There has been much speculation since Amazon’s acquisition of Whole Foods was announced in June. Commentators have been debating what Amazon will do with that footprint or customer base. Is this hopeful or the end of civilization? While Whole Foods has already dropped prices and begun stocking Amazon Echoes...
  • Aging US warehouses unfit to handle Amazon and e-commerce boom

    Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois. The average age of a U.S. warehouse is 34 years, according to a survey by real estate services firm CBRE. And that likely won’t cut it for a retail industry that’s moving increasingly toward...