Amazon

Business, Technology, Equipment, Autonomous

Scout, Amazon’s Self-Driving Delivery Robot, Heads to California

Amazon's self-driving robot Amazon via AP

Amazon said Aug. 6 that its six-wheeled self-driving robots, about the size of a smaller cooler, will begin delivering packages to customers in Irvine, Calif., after testing them in a suburb of Seattle earlier this year.

Joseph Pisani | Associated Press
August 6, 2019
Business, Logistics

Amazon Loses ‘Last Bear’ Among Stock Analysts

Amazon Melissa Lyttle/Bloomberg News

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.”

Matt Day | Bloomberg News
August 2, 2019
Government, Business, Logistics

FBI: Amazon Drivers Part of Major Theft Ring

Thrift-Electro pawn shop in Renton, Wash. This Thrift-Electro pawn shop in Renton, Wash., is alleged to have been a front for a theft ring of Amazon products. (Elaine Thompson/AP)

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.

Gene Johnson | Associated Press
August 1, 2019
Government, Business

EBay Accuses Amazon Managers of Leading Scheme to Snag Sellers

Amazon

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.

Spencer Soper | Bloomberg News
August 1, 2019
Government, Business, Logistics

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

Warehouse Getty Images

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
Business, Logistics

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

Amazon Bess Adler/Bloomberg News

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.

Spencer Soper and Matt Day | Bloomberg News
July 26, 2019
Business, Technology

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

Amazon Bartek Sadowski/Bloomberg News

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.

Jeran Wittenstein | Bloomberg News
July 25, 2019
Business, Logistics

Amazon Eyes Large Warehouse Spot at Brooklyn’s Industry City

Amazon Jason Alden/Bloomberg News

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.

Lily Katz | Bloomberg News
July 24, 2019
Government, Business, Logistics

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

Amazon Martin Leissl/Bloomberg News

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.

Ryan Beene | Bloomberg News
July 24, 2019
Business, Technology

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

Shopify Cole Burston/Bloomberg News

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.

Simran Jagdev | Bloomberg News
July 23, 2019

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