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Amazon Business President Donald Trump Twitter U.S. 

Trump, in tweet, hits Amazon over taxes, jobs

August 16, 2017 WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without offering evidence, of hurting U.S. localities and causing job losses. Shares of the company fell 0.3 percent to $980.00 in premarket trade after Trump’s comments. Representatives for the company could not be immediately reached for comment “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!” Trump wrote. Trump has…

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Amazon Business Kentucky lawsuit sex 

Amazon sued by transgender woman, husband for workplace harassment

August 9, 2017 By Daniel Wiessner (Reuters) – A transgender woman and her husband sued Amazon.com Inc on Wednesday, accusing the company of subjecting them to severe harassment and physical threats when they both worked at the retailer’s warehouse in Kentucky. A group representing the couple said their case was striking given the Seattle-based company’s vocal support of LGBT rights. The lawsuit filed in federal court in Kentucky said Allegra Schawe-Lane was subjected to taunts such as “shemale” and “crossdresser” from coworkers. She and her husband Dane Lane also received…

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Amazon Apple Eros Group India Eros Tech Top News 

Bollywood lures Apple, Amazon and Netflix in Eros library sale

August 7, 2017 By Sankalp Phartiyal and Shilpa Jamkhandikar MUMBAI (Reuters) – Indian movie production house Eros is in early talks with Apple, Amazon and Netflix to sell its film and music library, a source familiar with the matter said. Global content streaming companies are jockeying to boost their Indian television, movie and music offerings in the world’s fastest growing Internet services market. The Eros library includes blockbusters from the Hindi film industry, known as Bollywood, such as ‘Bajrangi Bhaijaan’, ‘Dabangg’ and ‘Bajirao Mastani’. Eros has expanded in recent years…

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Amazon American Mineralogist Robert Hazen study Tech Top News 

Scientists turn to big data in hunt for minerals, oil and gas

August 1, 2017 By Alister Doyle OSLO (Reuters) – Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method has already helped to discover 10 carbon-bearing minerals and could be widely applied to exploration, they wrote in the journal American Mineralogist. “Big data points to new minerals, new deposits,” they wrote of the findings. The technique goes beyond traditional geology by amassing data…

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Amazon Business Google month tax 

S&P 500 dented by earnings; Dow hits record high

July 28, 2017 By Lewis Krauskopf (Reuters) – The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies. The Dow industrials, however, set a record high, buoyed by Chevron after the energy company’s results. Despite Friday’s share reactions, results overall have come in better than expected for the second quarter and stocks are trading near record highs. More than halfway through reporting season, S&P 500 companies are on track to increase…

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Amazon Ankur Banerjee AWS Business spending 

Amazon’s big profit miss spooks investors, but analysts stay bullish

July 28, 2017 By Sweta Singh and Ankur Banerjee (Reuters) – A steeper-than-expected drop in quarterly profit rattled some Amazon.com investors, but Wall Street analysts remained largely bullish about the company’s aggressive spending plans. Shares of the e-commerce juggernaut, which have risen 40 percent this year, were down 4.3 percent at $1,001 in early trading on Friday, wiping out $21 billion from its market value. The stock touched a record high on Thursday, helping CEO Jeff Bezos briefly unseat Microsoft Inc co-founder Bill Gates as the world’s richest person. “The…

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Amazon Business Google month tax 

Wall Street opens lower as Amazon weighs on tech stocks

July 28, 2017 By Tanya Agrawal (Reuters) – U.S. stock indexes opened lower on Friday as Amazon’s profit miss spooked investors and dragged down shares of other technology companies. Amazon’s shares were down 4.21 percent after it reported a 77 percent drop in profit as its rapid and costly expansion into new shopping categories and countries showed no sign of slowing. The stock was the biggest drag on the S&P 500 and the Nasdaq. The consumer discretionary index , of which Amazon is a component, was the worst performer among…

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Amazon Americans Business Marketplace Pulse U.S. 

Exclusive: Not Made in America – Wal-Mart looks overseas for online vendors

July 27, 2017 By Nandita Bose CHICAGO (Reuters) – Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart’s Made-in-America campaign. While there is a financial incentive behind the move, Wal-Mart’s decision comes out of necessity: not all the goods its customers want – ranging from jeans to bicycles to beauty products – are manufactured within the United States. For graphic on price of patriotism click: http://tmsnrt.rs/2w39FKO…

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Amazon Business meat U.S. Whole Foods Market 

Organic ranchers eye Amazon distribution ahead of Whole Foods deal

July 24, 2017 By Rod Nickel (Reuters) – Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting’s organizer. Analysts and investors have speculated that Amazon is aiming to combine its expertise in order fulfillment with the grocer’s facilities to build out delivery of fresh food, but the online retailer has not yet detailed its plans. Amazon visited Georgia grass-fed meat producer White Oak Pastures in March,…

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