Amazon Stock News

In a statement the watchdog said Amazon had harmed competing operators in the e-commerce logistics service.

Italys antitrust authority said Thursday it had fined Amazon 1.1 billion euros ($1.3 billion) for allegedly abusing its dominant position in e-commerce logistics, the latest action against US Big Tech in the EU. Amazons dominant position in the Italian marketplace has enabled it to favour its own logistics service with sellers active on the Amazon.it [] The post Italys antitrust authority fines Amazon 1.1 bn euros appeared first on BOL News .

December 09, (THEWILL) In a shocking development, Alexa.com, a company owned by Amazon, on Wednesday announced it would shut down operations on May 1, 2022, after twenty-five years of operation. Alexa.com is widely known for ranking websites and providing competitive analysis of internet traffic to the sites. The statement posted on the website reads: [] The post Web Analytic Tool Alexa To Shut Down appeared first on THEWILL NEWS MEDIA .

People of color and low-income residents are disproportionately affected by Amazons warehouses, a Consumer Reports investigation found

The Italian Competition Authority (AGCM) fined on Thursday Amazon Inc.''s European and Italian branches 1.128 billion over violation of the Treaty on the Functioning of the European Union Art

Amazon services such as the popular voice assistant Alexa and Ring smart-doorbell unit were down during Tuesday''s outage, leaving some people locked out of their homes.

Amit Agarwal, Amazon''s senior vice president and country manager for its India operations, did not appear before the Enforcement

WASHINGTON A major outage in Amazon''s cloud computing network on Tuesday severely disrupted services at a wide range of US companies for over five hours. The incident at Amazon Web Services mostly affected the eastern US, but still impacted everything from airline reservations and auto dealerships to payment apps and video streaming services to Amazon''s own massive e-commerce operation. AP Bengaluru Airtel, Juniper Networks in pact to expand coverage Juniper Networks on Wednesday announced that it has been selected by Airtel to deliver network upgrades for the expansion of Airtel''s nationwide broadband coverage across India. Airtel has expanded its Fibre-to-the-Home broadband coverage to over 430 towns with plans of covering 30 million households in over 2,000 cities in the next three years. PTI GURUGRAM Meta to skill 1 crore small businesses Meta (formerly Facebook) on Wednesday unveiled a new office in Delhi-NCR one of its biggest facilities in Asia and announced plans of skilling one crore small businesses and 2,50,000 creators in the country over the next three years.

J.P. Morgan analysts have a chosen a basket of top growth and value stocks for next year, including Amazon (AMZN) Get Amazon.com, Inc. Report, Apple (AAPL) Get Apple Inc. Report, McDonalds (MCD) Get McDonalds Corporation Report and Lennar (LEN) Get Lennar Corporation Class A Report. The banks analysts, led by Nicholas Rosato, [] The post JPMorgan Likes Amazon, Apple, McDonalds, Lennar for 2022 appeared first on TECHTELEGRAPH .

Russia''s Second-Richest Man Faces $7 Billion Claim In Divorce Court Jeff Bezos, Bill Gates, pretty much every prominent hedge fund managers in the past 5 years, and now Vladimir Potanin, Russias second-richest man, confirm that the best investment someone - presumably a woman, but in these gender fluid times anything goes - can make in this bizarro world is a stinking rich (soon to be ex) husband. According to Bloomberg, Potanin is facing one of the worlds biggest divorce claims after Jeff Bezos and Bill Gates: his ex-wife, Natalia Potanina, is seeking 50% of the value of his stake in MMC Norilsk Nickel PJSC, outlining the maximum amount at a London court hearing Tuesday. That amount could exceed $7 billion, given that Potanin owns around one-third of the shares in the metal producer. Vladimir Putin, left, and Vladimir Potanin at an ice hockey friendly match in Red Square Potanin is fighting the case after Potanina overturned a lower court that accused her of divorce tourism a term loosely popularized by the 2003 George Clooney movie Intolerable Cruelty .

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Your 5-minute read to start today: Vaccine mandate blocked; Amazon mum on early-week outage; a fight over fake sugar.

For some time, we have been following the emerging case law on whether companies, such as Amazon, that create an online marketplace for other sellers, may be held liable when products supplied by those sellers cause injury. The cases have gone both ways, but on November 30 Amazon added another ruling to its win column when a New York appellate court upheld a ruling dismissing negligence and breach-of-warranty claims based on injuries allegedly caused by a defective service from a third-party By: Faegre Drinker Biddle & Reath LLP

Amazon is the biggest retailer in the world that isnt in China, and has by and large built a business centered around unbelievably impressive logistics. While there are a number of the biggest companies that have gotten engaged with crypto in some sort of capacity, the top-of-mind firms are often Elon Musks Tesla, Michael Saylors []

A major outage in Amazons cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for hours, raising questions about the vulnerability of the internet and its concentration in the hands of a few firms.