Amazon.com Inc

News Highlights: Top Company News of the Day

Citigroup Earnings Wiped Out by Tax Charge<p>Citigroup reported its largest quarterly loss ever after its earnings were wiped out by a $22 billion charge related to the new tax law.<p>GM to Take $7 Billion Charge for U.S. Tax Overhaul<p>General Motors said 2017 pretax profit last year ended up at the high …

Markets

Murphy Sworn In as New Jersey Governor

Philip Dunton Murphy was sworn in as New Jersey’s 56th governor, vowing to make good on economic promises unfulfilled by his Republican predecessor …

Kim Guadagno

The Antitrust Case Against Facebook, Google, Amazon and Apple

A few technology giants dominate their worlds just as Standard Oil and AT&T once did. Should they be broken up?<p>Standard Oil and Co. and American Telephone and Telegraph Co. were the technological titans of their day, commanding more than 80% of their markets.<p>Today’s tech giants are just as …

Antitrust Laws

No Longer Afraid of Vintage Market, Swiss Watchmaker Gets Into Resale

Audemars Piguet, the Swiss maker of the rugged Royal Oak watch, plans to open standalone stores to buy and sell secondhand timepieces, seeking more …

Watches

Bets on falling volatility now ‘most crowded trade’: fund managers

Global investors are betting on a continued rise in equities, are unhedged, and look for the bull market in stocks to continue until 2019, according …

Markets

Liberty Property Trust sells K of P corporate park portfolio to O'Neill Properties

Liberty Property Trust has sold 14 buildings in King of Prussia’s Renaissance Park corporate center for $76.9 million, as it continues to shed …

Real Estate

Google Plans to Expand Huge Undersea Cables to Boost Cloud Business

The search company hopes to lure customers from Amazon and Microsoft with new fiber-optic lines<p>Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and …

Instacart acquires Unata, a digital shopping platform for grocery stores

Same-day grocery delivery service Instacart announced today that it has acquired Unata, a white-label ecommerce platform for grocery retailers. The …

eCommerce

Deals of the day-Mergers and acquisitions

© Reuters. Deals of the day-Mergers and acquisitions<p>Jan 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 …

Instacart Acquires Coupon and Voice-Shopping Startup Unata

Instacart Inc. said it agreed to acquire Toronto-based startup Unata Inc., giving the grocery-delivery company new kinds of e-commerce tools and a …

eCommerce

Unpacking the AI-Productivity Paradox

Technology expectations and economic statistics are clashing for now — but the reality is more promising than it appears.<p>We see the effects of …

OECD

Stocks to Watch: Citigroup, GE, UnitedHealth, Apple, Alphabet, Amazon, Ford, Fiat Chrysler, GM, Merck

Among the companies with shares expected to trade actively in Tuesday's session are Citigroup Inc., General Electric Co., UnitedHealth Group Inc., Apple Inc., Alphabet Inc. and Amazon.com Inc..<p>Citigroup shares climbed 2% before the opening bell following the bank's latest earnings report. Citigroup …

Business

Amazon Studios signs 'Catastrophe' co-creator Sharon Horgan to exclusive overall deal

Amazon.com Inc. AMZN, +1.98% said on Tuesday that it has signed the Emmy-nominated TV writer and creator Sharon Horgan to an exclusive overall …

TV

Einhorn Hopes For Better 2018 With Time Warner, Twitter Stakes

Occasional activist investor David Einhorn acquired stakes in Time Warner (TWX) and Twitter Inc. (TWTR) recently, despite reporting a troublesome …

Stocks

Amazon's Whole Foods Deal Was a 'Pearl Harbor Moment' in Retail: PayPal CEO

Twenty years from now, Wall Street traders will look back and surely remember where they were when it happened. Amazon.com Inc. (AMZN) shelling out …

Tech Industry

Deliveroo Takes a Kitchen-Sink Approach to Food Apps

Food delivery apps don’t make money. That’s one of the big lessons venture capitalists have taken away from the past few years, as the startup …

Startups

Navigating an expensive market: Beware the red flags

<b>What are we looking for?</b><p>Today, we are taking a deeper look at the 12 most pricey stocks of the S&P 500.<p>Our goal is to determine whether the hefty premiums carried by these stocks are justifiable or not by looking at their economic performance and growth.<p><b>The screen</b><p>We screened the S&P 500 universe of …

Stocks

JD.com, VNG Corp lead investment in Vietnamese e-commerce firm Tiki.vn

BEIJING (Reuters) - Chinese online retail firm JD.com Inc said on Tuesday it has led an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid competition from Alibaba Group Holding Ltd and Amazon.com Inc.<p>JD.com co-led the financing with Vietnamese …

Business

Sorry Bitcoin Fans, Warren Buffett Is Not the Dumbest Thing on Wall Street

Let's state the obvious: Warren Buffett is not a dumb man.<p>In fact, he's a genius. After all, he didn't earn the moniker "Oracle of Omaha" for …

Tech Industry

The frenetic race to build Detroit's Amazon bid

Emails, interview offer peek into internal politics, 'field commanders' — and a coincidental meeting between Gilbert and Bezos<p>At 6:11 p.m. on Oct. …

Dan Mullen

Amazon’s Grocery Sales Increased After It Devoured Whole Foods

Natural foods chain’s products helped push online sales up after merger last year<p>Whole Foods’ brand items like bacon, coconut water and frozen blueberries helped Amazon.com Inc. gobble up more U.S. grocery sales last year.<p>Products carrying the natural foods chain’s brand helped push sales at …

Amazon

U.S. Supreme Court takes up state online sales tax dispute

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to decide whether to let states require online retailers to collect billions of dollars in sales tax, taking up South Dakota’s dispute with three e-commerce companies.<p>South Dakota, appealing a lower court decision that favored Wayfair …

Judiciary

Kroger is said to consider buying online wholesaler Boxed for up to $500 million

Grocery chain Kroger has considered buying online wholesaler Boxed, according to a person familiar with the matter, as more shoppers place food …

Startups

Which voice in your fridge? Makers pick virtual assistants

LAS VEGAS (Reuters) - Who would you rather have in your fridge? Alexa, Cortana, or some as-yet unknown virtual assistant?<p>Manufacturers of appliances and other products are considering factors such as ease of use and language support as they pick voice technology from what they view as a wide open …

Amazon

Another Amazon Win: Two-Thirds of the Cloud

Amazon.com Inc. (NASDAQ: AMZN) likely had a home-run holiday, taking great chunks of business from e-commerce companies and further cementing its …

Jeff Bezos

How the Amazon-Google feud is hurting customers

INTERNATIONAL - Last fall, I uploaded some family videos to YouTube. Then I bought my mother an Amazon Fire TV so she could access them on her living …

Kindle Fire

What the Future of eSports May Hold Following the Overwatch League Launch

Global eSports leagues have been around for many years now, but the launch of Activision Blizzard Inc.'s (ATVI) Overwatch League this week has shed a …

Tech Industry

Weekend A La Carte (January 13)

There isn’t a whole lot to report today on the Kindle deals front. That’s not unusual for a Saturday, I suppose. If you’re into printed books you may …

Evangelical Christianity

Next on the smart home battlefront, Alexa will draw you a bath

INTERNATIONAL - Even within the comfortable cocoon of the home front, there’s no escaping the forward creep of technology. <br>Not in the kitchen, where …

Automation

Opinion: Want more income? These closed-end funds have yields up to 12.5%

Income investors who want to protect themselves against rising interest rates might want to consider closed-end funds with diversified portfolios and …

Investing