Ruling out North America's claim that European antitrust authority is going in an anti-US bias in dealing with Google and Apple, the European Competition Commissioner (ECC) Margrethe Vestager has termed it as a misleading notion of the world's largest economy. Vestager has been criticized in the US media for her role in opening multiple cases against the US corporate giants Google, Apple, Amazon and Starbucks during the past one year. Vestager has become the target of the US media as European regulators are protecting EU companies from the US competition.
Tags: Amazon
Web services push Amazon revenues up; posts profit
The world's largest online retailer has posted encouraging performance for the third quarter ending September 2015. The higher sales in the US and cloud computing business pushed its bottom line to swell. Amazon announced profits for the consecutive second month. Adding to this, the cost control measures and expanding beyond online marketing helped Amazon perform better. Amazon Web Services (AWS) propelled Amazon's overall revenues to grow further.
Amazon to increase workforce for the holiday seasons
Amazon is one of the giant retail online stores that are hoping to meet the increase in customer traffic this coming holiday seasons. From a workforce of 80,000 last year, it is now hiring more employees to reach the 100,000 figure. It is surpassing the holiday hiring practices of its competitors Macy and Walmart.
Amazon filed a lawsuit against 1,114 fake product reviewers in Fiverr
Amazon is filing a lawsuit over 1,114 fake reviewers of Amazon products identified under the website Fiverr, a website for hiring freelance writers.
Wal-Mart shares tumble as profit forecast to drop
Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop. Gearing up to compete with Amazon, Wal-Mart Stores Inc hiked investment in internet technology and raised wages. The earnings are expected to be flat for the current fiscal year and one or two percent lower than the previous forecast. The third quarter results from Wal-Mart are scheduled on 17 November.
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Amazon is disallowing the sale of media-streaming devices from Apple and Google. In an e-mail to its marketplace sellers, the Web retailer says that after October 29, it will no longer sell Apple TV's and Google Chromecasts. "It's important that the streaming media players we sell interact well with Prime Video in order to avoid customer confusion," said Amazon in the e-mail.
The five-years patent lawsuit battle between Microsoft and Google had finally come to an end after both companies agreed to drop the lawsuit for an undisclosed amount. The announcement was made by in a joint statement from the two companies.
This week, Amazon has given a series commitment to the TV adaptation of Jack Ryan. The new show will be based from Tom Clancy’s novels with a modern approach to the titular character’s CIA analyst. It will be produced by Carlton Cuse, Ronald Graham, Platinum Dunes’ from Michael Bay, Skydance Media and Paramount TV.
Amazon has discontinued its sales to Apple TV and Google Chromecast. The online retailer has stated that this move is to avoid customer confusion and bolster its own video service.
Amazon just unveiled their latest gadget, the Amazon Fire HD 10. It is the widest tablet offered by Jeff Bezos's company and it comes with a price tag far cheaper than any other high-end tablet by another manufacturer at $229.
Microsoft is releasing its new laptop and it consists of luxurious specs and features. Its price is also reported and some of online stores are already pre-ordering the new Microsoft product.
Lenovo fans are very excited with the upcoming release of its Vibe P1 smartphone and most of them are eagerly awaiting to pre-order this latest device.
The rebirth of the Google Glass seem to come in reality any time soon. Google initially started the Project Aura, with the help of three previous Amazon engineers.
Amazon is venturing on meal delivery partnering with restaurants near Seattle, and is currently hiring jobs for the Seattle headquarter and in New York. Amazon Inc. is currently hiring staff for its newest division; the Amazon Restaurants. The department is opening 15 job vacancies in Seattle and New York. Six separate postings are from Amazon Restaurant and Travel.
