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Amazon.Com Inc. (NASDAQ:AMZN) And Spacex Leading The Race For Space Internet

The space race is intensifying, and companies such as Amazon.com Inc. (NASDAQ:AMZN) and SpaceX are leading the race to get into space. This is in a bid to provide internet to some of the remotest places on earth. This 21st-century space race involves thousands of satellites. Satellite internet for remote areas A couple of tech […]

Amazon.com, Inc. (NASDAQ:AMZN) Steps Up Efforts To Reduce Climate Impact And Places An Order On Rivian For 100,000 Electric Trucks

To reduce the impact on climate, Amazon.com, Inc. (NASDAQ:AMZN) is gearing up and announced plans to purchase 100,000 electric trucks from Rivian, a Michigan based firm. The ordered vehicles are of emission-free category. It plans to become carbon-neutral by the year 2040. This commitment is ten years earlier than United Nations Paris Agreement. Climate Pledge […]

Amazon.com, Inc. (NASDAQ:AMZN) Acquires Israeli Storage Startup E8 Storage

Retail giant Amazon.com, Inc. (NASDAQ:AMZN) has reportedly acquired E8 Storage, an Israeli firm which manufactures flash storage for cloud-based software and enterprise firms. Sources familiar with the matter revealed details of Amazon’s acquisition of the E8 Storage. They also noted that the e-commerce giant will merge the assets of the Israeli storage firm with its […]

Amazon.com, Inc. (NASDAQ:AMZN) Ramp Up Its Single Day Delivery Plans

Amazon.com, Inc. (NASDAQ:AMZN) has been gradually launching free one-day delivery for months. IN its recent earnings call, CFO Brian Olsavsky reported that the firm would substitute two-day delivery with one-day delivery, but indicated that one-day delivery would take a substantial amount of time to accomplish. He also stated that some zip codes can enjoy this […]

Amazon.com, Inc. (NASDAQ:AMZN) Abandons Plans To Distribute Drugs To Hospitals

Amazon.com, Inc. (NASDAQ:AMZN) is reportedly shelving its initial plans to sell and distribute pharmaceutical products to hospitals. The company had planned to distribute the products to its potential clients through its newest entity, Amazon Business that sells bulky items to the business enterprises. Several healthcare and pharmaceutical distribution giants including the Cardinal Health and McKesson […]

Amazon.com, Inc. (NASDAQ:AMZN) Betting On Pet Translators In 10 Years

Pet translators might not be a fantasy ten years from now, according to futurologist William Higham. Amazon.com, Inc. (NASDAQ:AMZN) has already backed the claims reiterating that Artificial Intelligence devices, capable of translating animal woofs and meows could be on the horizon. Pet Translators The e-commerce giant already sells a device that transfers human voice into […]

Amazon.com, Inc. (NASDAQ:AMZN) Investment In Plug Power Inc (NASDAQ:PLUG) demystified

Amazon.com, Inc. (NASDAQ:AMZN) struck a deal with Plug Power Inc (NASDAQ:PLUG) about a month ago and the investment was considered a major one for both firms. Plug Power was struggling prior to the investment but once the news about the deal broke, the struggling firm’s stock rallied by more than 70 percent. It obviously meant […]

Amazon.com, Inc. (NASDAQ:AMZN), To Launch In-Home Delivery?

Latest speculations suggest that Amazon.com, Inc. (NASDAQ:AMZN) is currently working with Internet of Things (IoT) companies August Home, Inc. and Alottazs Labs, LLC Garageio for the development of an in-home delivery service. In-Home Delivery Accordingly, delivery employees will be provided with a door-opening token good for one-time use should consumers opt for in-home delivery during […]

Office Depot, Inc. (NASDAQ:ODP) Issues 2Q Results, Continues To Face Industry Challenges

Office Depot, Inc. (NASDAQ:ODP) has reported on Wednesday a net income of $210 million or an earnings per share (EPS) of $0.38 for the second quarter. The company had a 6% year-over-year plunge in revenue, coming in at $3.22 billion for the period. This marks the third consecutive period that the company missed its financial […]

Alibaba Group Holding Ltd (NYSE:BABA) All Set To Launch China’s version of Netflix, Inc. (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) wants a significant slice of the big Chinese market of 1.36 billion people for itself. However Alibaba Group Holding Ltd (NYSE:BABA) may well be a formidable competitor. Alibaba, a huge Web firm famous for its e-commerce business has acknowledged recently that it is poised to introduce a service akin to Netflix in […]

Amazon.Com, Inc. (NASDAQ:AMZN) To Introduce ‘Catastrophe’ Comedy Series On Facebook

Amazon.com, Inc. (NASDAQ:AMZN) is at it again, this time with a deal with social media giant, Facebook Inc (NASDAQ:FB), to introduce a comedy series on to the social media platform. “Catastrophe is an upcoming British comedy. It is supposed to make its debut on June 15th, but it will not be available on Amazon Prime. […]

Online Sales Prospects In China For American Businesses

Jack Ma, the CEO of Alibaba Group Holding Ltd (NYSE:BABA) visited the United States this week to promote the participation of American businesses in his e-commerce firm. His visit is part of the company’s expansion strategy outside China. Mr. Ma revealed that Alibaba wants to partner with American businesses and companies to bring their products […]

Groupon Inc (NASDAQ:GRPN) CFO To Leave The Firm In July

Groupon Inc (NASDAQ:GRPN) recently announced that its Chief Financial Officer is planning to hand over his position in a few weeks. Jason Child, the current CFO said that he will retire from his position in July and leave the company to settle in the West Coast. The company’s current Vice President of the Treasury and […]

Amazon.Com, Inc. (NASDAQ:AMZN) Broadens Same-Day Delivery, Free Shipping On Orders Priced Above $35

On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) announced that it would broaden its same-day delivery service to reach more clients in the San Diego and Tampa Bay. The expansion will allow the company to boost its revenue by introducing this service to the targeted region. Same-day deliveries have become more of a sensation to consumers, thus generating […]

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