Amazon Stock News

Amazon.com Inc (NASDAQ: AMZN ) looks to shut down its Amazon Books physical bookstores, Amazon 4-star and Amazon Pop Up shops, Reuters reports . The closures will affect 68 stores across the U.S. and U.K. The closure dates will vary by location, and … Full story available on Benzinga.com

Amazon.com Inc is using its logistics capability to get supplies to those in need and cybersecurity expertise to help governments and companies as part of its support for Ukraine, Chief Executive Andy Jassy said on Twitter on Wednesday.

Amazon.com Inc and India''s second-largest retailer Future Group have agreed to talks proposed by the U.S. e-commerce giant, seeking to resolve legal wrangles at the heart of a battle for supremacy in the country''s vast retail sector.

© Reuters. FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid./File Photo/File Photo By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -Amazon.com Inc and India’s second-largest retailer Future Group have agreed to talks, seeking to resolve legal wrangles at the …

Lawyers for both Future Group and Amazon on Thursday agreed to initiate dialogues to find an out of the court settlement of the 18-month-old dispute between the US giant and Future Group over the Indian company plans to sell its assets to Reliance Retail. The Supreme Court on Thursday gave 12-day time for both the groups to talk to their respective clients for thrash out a solution to the legal impasse that has brought Future Group to the brink of bankruptcy. “I am presenting for a solution,” Amazon’s senior lawyer Gopal Subramanian set the conciliatory tone in the Monday morning proceedings in the apex court. “Throughout we have always been willing to have a dialogue, a conversation. There can be other resolutions to a matter. Is it not a whirlpool? Facing one statutory authority barely because we went through an arbitration. Let us put our hands together and find a solution. ” The Supreme Court said it will hear the matter again on March 15 and told the three parties Amazon.com, Future Retail (FRL) and its promoter Future Coupons Pvt Ltd (FCPL) to find ways to reach a settlement.

By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon.com Inc on Thursday proposed a dialogue with its warring partner Future Group to end legal battles over a contractual dispute that has soured relations between the two sides.

Amazon.com Inc on Thursday proposed a dialogue with its warring partner Future Group to end legal battles over a contractual dispute that has soured relations between the two sides.

Amazon.com workers at a second company facility in New York have shown enough support to proceed with a union election, escalating one of a growing list of labor battles for the e-commerce giant.

Amazon.com Inc workers at a Staten Island sortation center have been given the greenlight to hold a vote on whether to unionize, according to a labor advocate, in what would be a second potential union election for the retailer in New York.

Amazon.com Inc workers at a Staten Island sortation center have been given the greenlight to hold a vote on whether to unionize, according to a labor advocate, in what would be a second potential union election for the retailer in New York. The Amazon Labor Union has been notified by the U.S. National Labor Relations Board (NLRB) that it had a sufficient showing of interest to hold a vote, said Christian Smalls, the group''s leader and a former Amazon employee. Smalls said at least 30% of about 1,500 people at the facility had signed cards delivered to the NLRB.

Amazon.com has told Reuters it plans to close all 68 of its physical book stores, pop-up shops and “4-star” stores in the United States and United Kingdom, ending some of its longest-running experiments in physical retail.

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition

The move comes as Amazon.com Inc.''s overall revenue growth is slowing, and it''s looking for new ways to re-ignite sales.

Amazon.com Inc. is planning to close dozens of bookstores and other retail locations opened in recent years to highlight bestselling products, part of the tech giant’s broader shift in its physical retail strategy.

Amazon.com Inc. will be closing 68 of its physical stores in the United States and the United Kingdom, a company spokesperson told US media on Wednesday. Bookstores, "Pop Up" shops and "4-star" stores…