Amazon to shut restaurant delivery service in U.S
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc said on Tuesday it…
FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a…
Amazon’s Bezos says robotic hands will be ready for commercial use in next 10 years
LAS VEGAS (Reuters) – Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots in the next 10 years that can grasp items as…
U.S. moving toward major antitrust probe of tech giants
WASHINGTON (Reuters) – The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could…
House panel to probe competition in digital markets
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee said on Monday it had started a bipartisan investigation into competition in digital markets. “A small number of dominant, unregulated…
Alphabet shares slide 6% on possible DoJ antitrust probe
(Reuters) – Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google for hampering competition. FILE PHOTO: A sign is pictured outs…
Factbox: U.S. companies warn Trump’s tariffs could hit results
(Reuters) – A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results. FILE PHOTO: U.S. and Chinese…
Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress
(Reuters) – Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support to one…
Nordstrom cuts 2019 forecast after quarterly results miss big
(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a…
Billionaire Bezos unveils moon lander mockup, embraces Trump’s lunar timetable
WASHINGTON (Reuters) – Billionaire entrepreneur Jeff Bezos unveiled on Thursday a mockup of a lunar lander being built by his Blue Origin rocket company and touted his moon goals in…