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Aug 13, 2014

Amazon.com takes on PayPal, Square with credit card reader

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) unveiled a $10 credit-card reader and mobile app for businesses on Wednesday, expanding further into bricks-and-mortar retail and the rapidly evolving mobile payments arena.

The move pits Amazon against a slew of rivals including startup Square, which popularized a card swiper that plugs into a smartphone or tablet and allows small- and mid-sized businesses like food trucks and coffee shops to quickly accept credit and debit transactions.

Aug 13, 2014

Amazon.com builds brick-and-mortar presence with card-swiping device

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research) unveiled a $10 (5.95 pounds) credit-card reader and mobile app for brick-and-mortar businesses on Wednesday, marking the latest step by the U.S. online retailer to expand its presence in the physical world.

The move pits Amazon against a slew of rivals, including startup Square, which popularized a payments dongle that allowed small- and mid-sized businesses like food trucks, coffee shops and personal trainers to quickly accept credit and debit cards.

Aug 13, 2014

Alibaba forges tighter Alipay bond with new pact

SAN FRANCISCO, Aug 12 (Reuters) – Alibaba Group Holding Ltd
(IPO-BABA.N: Quote, Profile, Research, Stock Buzz) overhauled its pact with the parent of fast-growing
payments affiliate Alipay, boosting the Chinese e-commerce
giant’s potential gains if that company is sold or goes public.

The revised deal strengthens ties between Alibaba and
Alipay, which is crucial to powering online e-commerce but
became the subject of controversy after it was spun off
separately. That move spurred protests from major shareholders
Yahoo Inc and Softbank Corp and led to a
framework agreement in 2011.

Aug 5, 2014

Groupon cuts 2014 outlook as marketing costs jump; shares slide

SAN FRANCISCO (Reuters) – Groupon Inc slashed its full-year profit outlook on Tuesday, citing the need to spend abundantly on marketing to power the once-high-flying Internet coupon company’s transition to a more comprehensive online retailer.

The outlook did little to calm some investors’ fears over when Groupon’s turnaround will gain traction and if its ambition to be “the starting point for mobile commerce” is too lofty.

Jul 31, 2014

Analysis – Amazon quickens push into tough local services market

SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc (AMZN.O: Quote, Profile, Research) was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee studied how he covered his shoes and used a blanket to protect the hardwood floor.

After at least two years of study, Amazon is ramping up efforts to offer repair, installation and other services online, tackling a fragmented but potentially rich U.S. market that may be worth an estimated $400 billion (£236.3 billion).

Jul 31, 2014

Amazon quickens push into tough local services market

SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee studied how he covered his shoes and used a blanket to protect the hardwood floor.

After at least two years of study, Amazon is ramping up efforts to offer repair, installation and other services online, tackling a fragmented but potentially rich U.S. market that may be worth an estimated $400 billion.

Jul 28, 2014

Amazon offers 3D printing to customize earrings, bobble head toys

SAN FRANCISCO (Reuters) – Amazon.com Inc will offer 3D printing services that allow customers to customize and build earrings, bobble head toys and other items from third-party sellers using a new personalization option on its website.

Most of the more than 200 items available on the company’s new 3D printed products store, which launched on Monday, can be customized using a new feature that allows users to rotate and change the item they are viewing.

Jul 25, 2014

Analysis – Amazon’s far-reaching ambitions, lack of profits, unnerve investors

SAN FRANCISCO (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research) message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested.

Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits.

Jul 25, 2014

Amazon’s far-reaching ambitions, lack of profits, unnerve investors

SAN FRANCISCO (Reuters) – Amazon.com Inc’s message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested.

Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits.

Jul 25, 2014

Amazon’s heavy investing eats into bottom line, shares drop

SAN FRANCISCO (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little to no profit.

    • About Deepa

      "Deepa Seetharaman is a San Francisco-based reporter covering e-commerce companies, including Amazon.com Inc and eBay Inc. She previously covered the auto industry from Detroit and wrote about airlines, hotels and the U.S. stock market from New York. She joined Reuters in June 2008 after studying journalism and history at Northwestern University."
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