Amazon Stock News

Teladoc Health Inc (NYSE: TDOC ) is trading higher Monday after the company announced it teamed up with Amazon.com Inc (NASDAQ: AMZN ) to launch Teladoc services on Alexa-enabled devices. Those with supported Amazon Echo devices will have access to voice-activated general medical virtual care. Customers in the U.S. will now be able to connect with a Teladoc care provider 24/7 via audio, with video … Full story available on Benzinga.com

Shares of Teladoc Health Inc. shot up 12.7% in premarket trading Monday, after the provider of tele-healthcare services said it has teamed up with Amazon.com Inc. Alexa on voice-activated virtual care services. The service will be available on Amazon Alexa devices, including the Echo, the Echo Dot and Echo Show. Amazon shares slipped 0.8% ahead of the open. Teladoc customers can say "Alexa, I want to talk to a doctor" to an Echo device and customers will then get a call back on their Echo devices. The service will cost as low as $0 with insurance or $75 without insurance. "Teladoc Health''s collaboration with Amazon is yet another step in breaking down barriers to healthcare access," said Teladoc Chief Product Officer Donna Boyer. "By introducing and integrating our virtual first care experience with Echo devices, we are providing an innovative and convenient way for users to connect with a doctor." Teladoc''s stock has tumbled 35.5% over the past three months through Friday, while the S&P 500 has lost 4.6%.

Which FAANG stock is as close to a no-brainer as it gets amid the tech swoon?

The plans - which sources said will be executed within weeks - come after Reliance took possession of and started rebranding about 200 of Future''s Big Bazaar supermarkets over the weekend, and is set to further hollow out Future, which has been at the centre of a pitched battle between Reliance and Amazon.com Inc.

India''s top retailer, Reliance, will add 250 more Future Retail stores to its portfolio after the company failed to make lease payments for the outlets to Reliance, two people with direct knowledge of the matter told Reuters on Monday. The plans - which sources said will be executed within weeks - come after Reliance took possession of and started rebranding about 200 of Future''s Big Bazaar supermarkets over the weekend, and is set to further hollow out Future, which has been at the centre of a pitched battle between Reliance and Amazon.com Inc. Reliance''s move assumes significance as it follows failed efforts since 2020 to close a $3.4 billion deal to acquire the retail assets of Future.

Author: Sun, 2022-02-27 11:11 NEW DELHI: Future Retail Ltd, India’s second-largest retailer, suspended most of its online and offline operations as stores remained shut on Sunday, after rival Reliance bid to take over its flagship supermarkets for missed lease payments. Reliance Industries Ltd. will rebrand the Future stores after the company failed to make payments for them to Reliance, sources told Reuters on Saturday, closing most outlets of the popular Big Bazaar chain. Though Future has more than 1,700 outlets, all the 200 stores that Reliance will rebrand as its own will be Big Bazaars, which was started around two decades ago by Kishore Biyani, dubbed as India’s retail king for transforming the sector. Future and Reliance did not respond to requests for comment. Future told stock exchanges on Saturday the company was “scaling down its operations.” Future’s stores across India remained shut on Sunday as Reliance did stock-taking ahead of a rebranding, people familiar with the plans said. “We regret to inform you that currently stores are non-operational for 2 days,” Big Bazaar told a Twitter user who complained about a closure.

NEW DELHI: India''s top retailer, Reliance, will take the operation of at least 200 stores of Future Retail, which failed to make lease payments due to Reliance, two people with direct knowledge of the matter told Reuters on Saturday. Since 2020, Reliance has failed to close a $3.4 billion deal to acquire the retail assets of Future, whose warring partner Amazon.com Inc has successfully blocked the transaction legally by citing violation of some contracts. Future denies any wrongdoing. Future, Reliance and Amazon did not immediately respond to requests for comment. The takeover of stores by Reliance signals Future''s worsening financial situation as its retail assets sale remains blocked due to legal battles. Future in January challenged its lenders in India''s Supreme Court to avoid facing insolvency proceedings over missing bank payments, citing its dispute with Amazon. Future - which has more than 1,700 outlets, including the popular Big Bazaar stories - has been unable to make lease payments for some of its outlets.

Since 2020, Reliance has failed to close a $3.4 billion deal to acquire the retail assets of Future, whose warring partner Amazon.com Inc has successfully blocked the transaction legally by citing violation of some contracts

India''s top retailer, Reliance, will take the operation of at least 200 stores of Future Retail, which failed to make lease payments due to Reliance, two people with direct knowledge of the matter told Reuters on Saturday. Since 2020, Reliance has failed to close a $3.4 billion deal to acquire the retail assets of Future, whose warring partner Amazon.com Inc has successfully blocked the transaction legally by citing violation of some contracts. Future denies any wrongdoing.

Apple (AAPL +1%) and Amazon.com (AMZN +1%) have become front-runners to acquire the prized NFL Sunday Ticket out-of-market football broadcast package - acing out ESPN and Disney (DIS)…

Two of the world’s richest people have lost large portions of their net worth due to the fall of the stock prices of the companies they lead. Here’s a look at how much the net worth of Elon Musk and Mark Zuckerberg has fallen in 2022. What Happened: Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk remains the richest person in the world, but his net worth has dropped significantly in 2022. Musk is worth $199 billion according to the Bloomberg Billionaire’s Index , placing him ahead of Amazon.com Inc (NASDAQ: AMZN ) founder Jeff Bezos at $169 billion. Musk’s net worth has decreased by $71.7 billion in 2022 as the stock of Tesla has fallen 27.7% year-to-date. Much of Musk’s net worth is tied to the price of Tesla and … Full story available on Benzinga.com

Amazon.com Inc (NASDAQ: AMZN ) backed Rivian Automotive Inc (NASDAQ: RIVN ) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from … Full story available on Benzinga.com

Samara Capital, an India-focused private equity firm and a local partner of Amazon.com Inc., is planning to raise as much as $500 million for a new fund targeting companies in Asia’s third-biggest economy.

A group of Amazon.com Inc workers seeking to form a union in New York filed a charge with U.S. labor regulators on Thursday after a high-profile organizer and a pair of employees were arrested outside a company warehouse, according to documents obtained by Reuters. Amazon organizer Christian Smalls told Reuters on Wednesday he was arrested […]

A group of Amazon.com Inc workers seeking to form a union in New York filed a charge with U.S. labor regulators on Thursday after a high-profile organizer and a pair of employees were arrested outside a company warehouse, according to documents obtained by Reuters.Amazon organizer Christian Smalls told Re