Amazon Plows Through Pandemic With Record Profit
Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.
Ryder Steps in as Amazon Restricts Third-Party Sellers
Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers.
Amazon Aviation Fuel Deal Adds to Demand for Lower-Emissions Alternatives
Amazon.com Inc. will buy an aviation fuel blend made from used fats, oils and greases over the next 12 months as it searches for ways to reduce the greenhouse gas emissions of its growing air cargo operations.
Walmart Jumps With Amazon Prime Challenger Nearing Debut
Walmart Inc. will introduce a subscription service this month to compete with Amazon.com Inc.’s Prime program, according to a person familiar with the plans.
Amazon to Pay One-Time Bonuses of $500 to Most Logistics Workers
Amazon.com Inc., after complaints about ending pandemic hazard pay, will give one-time bonuses of $500 to most frontline workers.
Amazon Buys Driverless Startup Zoox, Cites Ride-Hailing Prowess
Amazon.com Inc. is buying autonomous vehicle startup Zoox Inc., a move that could help the company create a formidable opponent to ride-hailing and food-delivery companies.
Amazon’s Carbon Footprint Grows 15% Despite Green Pledges
Amazon said June 23 that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment.
Amazon Deploys Social Distancing Software at US Warehouses
Amazon.com Inc. is deploying software in its warehouses to automatically warn employees when they are too close to colleagues, the latest effort by the retailer to adjust its facilities to life with the coronavirus.
Amazon Tells Congress Bezos Will Testify in Tech Power Probe
Amazon.com Inc. told congressional investigators examining the market power of the largest technology companies that it would make CEO Jeff Bezos available to testify.
Elon Musk Says Time to Break Up Amazon, Fueling Jeff Bezos Feud
Tesla Inc. CEO Elon Musk said it’s “time to break up Amazon” in a tweet June 4, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration.