Alistair's Feed
Jul 29, 2013

Amazon unveils new hiring spree ahead of Obama visit

SAN FRANCISCO (Reuters) – Amazon.com Inc unveiled a new hiring spree on Monday ahead of a visit by President Barack Obama to one of the Internet retailer’s giant distribution warehouses this week.

Amazon said it is looking to fill more than 5,000 new full-time jobs at 17 of its fulfillment centers across the United States. That’s roughly a 25 percent increase in full-time fulfillment center staff, which currently number more than 20,000 in the country.

Jul 26, 2013

Amazon hits new high on optimism about its U.S. business

SAN FRANCISCO (Reuters) – Amazon.com Inc shares hit a record on Friday after quarterly results increased optimism about the Internet retailer’s U.S. business.

The company reported a second-quarter net loss and weaker international growth on Thursday. However, its domestic business expanded quickly and profit in the region improved.

Jul 25, 2013

Amazon’s overseas weakness overshadows strength at home

SAN FRANCISCO (Reuters) – Amazon.com Inc forecast disappointing income and revenue as it grapples with a weaker international market, overshadowing improving profitability and economic conditions in the United States.

Amazon and other multinational corporations are being pressured by a declining European economy that is sapping consumer spending across the region. While North American net sales jumped 30 percent in the latest second quarter, its international segment barely broke even with revenue rising 13 percent.

Jul 25, 2013

Amazon reports loss, cautious on Q3 forecast

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research) reported a second-quarter net loss and issued cautious third-quarter forecasts on Thursday, pressuring shares of the world’s largest Internet retailer.

Amazon shares declined 2.1 percent to $297 in after-hours trading following the results.

Jul 25, 2013

Amazon shares dip on cautious third-quarter forecast

SAN FRANCISCO (Reuters) – Amazon.com Inc reported a second-quarter net loss and issued cautious third-quarter forecasts on Thursday, pressuring shares of the world’s largest Internet retailer.

Amazon shares declined 2.1 percent to $297 in after-hours trading following the results.

Jul 25, 2013

AOL co-founder Case invests in e-commerce firm

SAN FRANCISCO (Reuters) – Revolution Growth, an investment firm run by AOL Inc co-founder Steve Case, said on Thursday that it invested $40 million in e-commerce start-up Bigcommerce.

Bigcommerce, launched in 2009 by Eddie Machaalani and Mitchell Harper, plans to use the money to expand internationally and promote its brand.

Jul 24, 2013

Exclusive: Zulily hires banks for possible IPO – sources

SAN FRANCISCO (Reuters) – Zulily hired investment banks in recent weeks to advise the fast-growing e-commerce company on a possible initial public offering, according to two people familiar with the situation.

Zulily, a “flash sales” company founded by former Blue Nile executives Mark Vadon and Darrell Cavens, tapped Goldman Sachs, Citigroup’s investment bank and Bank of America Merrill Lynch, for the IPO push, according to one of the people.

Jul 24, 2013

Zulily hires banks for possible IPO -sources

SAN FRANCISCO, July 24 (Reuters) – Zulily hired investment
banks in recent weeks to advise the fast-growing e-commerce
company on a possible initial public offering, according to two
people familiar with the situation.

Zulily, a “flash sales” company founded by former Blue Nile
(NILE.O: Quote, Profile, Research) executives Mark Vadon and Darrell Cavens, tapped
Goldman Sachs (GS.N: Quote, Profile, Research), Citigroup’s (C.N: Quote, Profile, Research) investment bank and Bank
of America Merrill Lynch (BAC.N: Quote, Profile, Research), for the IPO push, according to
one of the people.

Jul 22, 2013

EBay expands same-day delivery, battles Amazon for local business

SAN FRANCISCO (Reuters) – EBay Inc unveiled an expansion of its eBay Now same-day delivery service on Monday as the company battles with rival Amazon.com Inc for dominance of the emerging online local commerce market.

EBay Now, which delivers products from stores including Target, Walgreen and Best Buy in as little as an hour, was launched last year in San Francisco and San Jose, California and Manhattan, New York.

Jul 22, 2013

EBay expands same-day delivery in local battle with Amazon

SAN FRANCISCO, July 22 (Reuters) – EBay Inc
unveiled a big expansion of its eBay Now same-day delivery
service on Monday as the company battles with rival Amazon.com
Inc for dominance of the emerging online local commerce
market.

EBay Now, which delivers products from stores including
Target, Walgreen and Best Buy in as
little as an hour, was launched last year in San Francisco and
San Jose, California and Manhattan, New York.