Amazon profits treble amid lockdown shopping boom
The ecommerce giant also saw net sales rise 44% to over US$100bn in the first quarter as lockdown measures sent consumers flooding to its website
Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Amazon prepares to deliver quarterly numbers
The quarterly results from the ecommerce titan will be the first since its founder Jeff Bezos stepped back from the role of CEO
Amazon to open its first and only hair salon in London
Amazon Salon will offer customers technology to trial virtual hair colours, entertainment via Fire tablets at each styling station and take pictures of their new look in “a dedicated creative area”
Amazon faces trouble on the continent as German union calls for Easter strike
Verdi, Germany’s second-largest trade union with around 2mln members, has called on workers at Amazon’s sites in Rheinberg, Werne, Koblenz, Leipzig and at two locations in Bad Hersfeld to go on strike for four days on Sunday night
Amazon suffers PR fiasco as leaked documents show awareness of workers urinating in bottles
A memo published overnight by The Intercept showed the e-commerce giant chastising workers for urinating and defecating in bags while on the job, as well as noting an “uptick recently in all kinds of unsanitary garbage"
Amazon lands exclusive NFL rights as the league opens floodgate for streaming with new US$110bn deals
The 'rights grab' for exclusive streaming is on as Amazon and Disney bolster their deals with the NFL.
Amazon launches second UK till-less store weeks after debut
The Wembley Park shop is not too far from the Ealing one
Deliveroo invites customers, restaurants and riders to invest in upcoming £1bn IPO
Only those who have placed at least one order through the platform will be able to register their interest
Amazon.com opens till-less grocery store in London
The first Amazon Fresh UK store is located in Ealing, London
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Wall Street ends mixed after Dow finds second wind
Despite being down roughly 180 points early in the day, the Dow ended 90 points up at 31,613
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US stocks close mixed session to end two-day win streak
On the day, Google’s parent Alphabet jumped on upbeat revenue growth while investors pondered a rebound in US employment last month
Byezos: Amazon CEO to step down in second half of 2021
Jeff Bezos, the founder of the ecommerce giant and the world's richest man, said he will move to the position of executive chairman to focus on the company's other ventures
Staples makes third attempt to buy Office Depot owner ODP
Two other efforts to combine the firms since 1996 have been consistently blocked by US regulators on competition grounds
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US stocks finish ahead in shortened session on Black Friday; Nasdaq closes at record high
The Nasdaq finished on Friday up 111 points, or 0.9% to reach 12,205
Amazon staff to get second thank you bonus
The payouts are part of a bonus package of US$500mln across all of its global operations
Amazon enters healthcare sector with online pharmacy launch
The online service will deliver medication and prescription refills to customers
Hardware & electrical equipment
Amazon slides as EU unveils antitrust charges
The EU’s top antitrust official, Margrethe Vestager, has accused the company of illegally abusing its dominant position as an online marketplace after an investigation found that Amazon has been feeding non-public seller data such as revenu
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US stock end mixed as vaccine hopes pull travel, tech in opposite directions
Analyst say the market is in a rotation phase that is likely to continue into the end of 2020
Amazon earnings surge amid online shopping boom
The e-commerce giant is also predicting a bumper holiday season, forecasting sales of up to US$121bn in the final quarter of the year
Amazon to dodge UK digital sales tax, but third party sellers will still have to foot the bill
The e-commerce giant will not have to pay the levy on goods that it sells itself, paying instead a 2% charge only on revenues that it receives from third-party sellers