FedEx said in a statement that “a new entity competing” with the company will have to spend tens of billions of dollars to replicate its current extensive network. The statement, referring to Amazon’s new plan to get into the logistic business, also assured that FedEx’s relationship with Amazon remain strong.
Tags: Amazon
Amazon News And Update: CFO Describes Amazon's Continues Business Reign In One Sentence
Amazon CFO Brian Olsavsky shares how Amazon reaches peak in one sentence. Amazon had a mixed quarter, with a match in sales but lower-than-expected profits.
Amazon Holiday Forecast Disappoints Investment Rise
Supposedly Amazon expects to have a better and higher sales for this upcoming holiday season, however, it seems like everything that happens is on the contrary.
Amazon Sells Fake Apple Chargers
Reports are spreading that Amazon is selling counterfeited Apple chargers. Amazon negates the allegation.
Daimler Confirmed that Microsoft and Amazon May Involve in HERE Digital Mapping Service
HERE was a Nokia map service purchased by German car makers consortium last year. This Wednesday, Daimler confirmed Microsoft and Amazon is in talks with the consortium.
Latest News
Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.
Amazon said on Wednesday to start its own air delivery in United States. The largest electronic retailer leased 20 Boeing 767 cargo aircraft from Air Transport Services Group Inc.
Shares of Blue Buffalo and Air Transport Service gained during the Wednesday trading session while shares of Yelp, Unisys Corp and Zagg Inc lost their shares in the stock market.
Poundland Group announced the retirement of Jim McCarthy as the chief executive officer of the company. Jim McCarthy will be succeeded by Kevin O' Byrne as the next chief executive officer of Poundland.
Etsy's shares jumped nearly 10% after the announcement that the online e-commerce site narrowed its net loss in the fourth quarter of 2015. The company expects GMS growth rate to be in the range of 13% to 17% for the three-year period from 2016 - 2018.
Tokopedia, a start-up founded by William Tanuwijaya, is making its presence in Indonesia with its excellent product portfolios. Experts believe that the economic growth in the nation will drive the start-ups to reach its financial stability.
It was confirmed on Monday that Israeli company Ravello was acquired by Oracle for $500 million. Ravello joins Oracle's cloud business with high hopes to take on giant tech companies like IBM, Google, Microsoft, and Amazon.
Amazon just closed a deal worth Rs 9.5 Crores acquiring a 26 percent stake in the India fifth largest publishing company, Westland. Amazon bought the shares from its main investment firm, Trent Ltd, a company owned by the Tata Group.
Xignite said that it has raised 20.5 million US dollar in Series C Funding. The company will utilize the capital from the fund to gauge its marketing and sales efforts as well as to widen its product portfolio.
