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Oct 24, 2014

Wall St. finally turning on Amazon as Bezos magic fades

SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research, Stock Buzz) once fairy-tale ride on Wall Street has hit its most jarring bump yet.

The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday.

Oct 24, 2014

Analysis – Wall Street finally turning on Amazon as Bezos magic fades

SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet.

The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday.   

Oct 23, 2014

Amazon’s holiday-quarter forecast disappoints, shares dive

SAN FRANCISCO (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research, Stock Buzz) sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts, sending the online retailer’s shares 9 percent lower on Thursday.

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 were ready to see it curtail its ambitions and start delivering sustainable profits.

Oct 17, 2014

Amazon expands grocery delivery service to Brooklyn

SAN FRANCISCO (Reuters) – Amazon.com Inc is expanding its online grocery delivery program to Brooklyn’s well-heeled Park Slope neighborhood on Friday, giving the No. 1 U.S. online retailer a foothold in one of the wealthiest and densest markets in the United States.

The AmazonFresh program, which offers same-day or next-day delivery on more than 500,000 items including fresh and frozen groceries, will soon expand to other areas in Brooklyn.

Oct 15, 2014

eBay trims 2014 revenue outlook amid economic fears

SAN FRANCISCO (Reuters) – EBay Inc trimmed its full-year revenue forecast on Wednesday, signaling a weaker-than-expected holiday shopping season for the e-commerce company as it prepares to split from its fast-growing payments arm, PayPal.

EBay’s report comes as weak economic data from the United States and China fan fears of a global slowdown, forcing investors to re-examine the world economy only just emerging from one of the worst recessions in history.

Oct 6, 2014

Gwyneth Paltrow’s Goop names new CEO, plans e-commerce push

By Deepa Seetharaman

(Reuters) – Goop, the lifestyle blog and online shopping site founded by actress Gwyneth Paltrow in 2008, named a new chief executive officer on Monday to spearhead an e-commerce expansion that includes Goop-branded apparel.

Lisa Gersh, who was previously CEO and president of Martha Stewart Living Omnimedia and co-founder of Oxygen Media, will expand the site’s tie-ups with fashion designers including Stella McCartney and Diane von Furstenberg next year.

Oct 1, 2014

PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO (Reuters) – PayPal’s biggest threat as it prepares to split from eBay (EBAY.O: Quote, Profile, Research, Stock Buzz) next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Though none of the new companies have the breadth of services offered by PayPal, which has more than 152 million users and deep ties to merchants like Home Depot both online and off, they are entering areas that the once-nimble online-payments service should own – but doesn’t.

Oct 1, 2014

Analysis – PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO (Reuters) – PayPal’s biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Though none of the new companies have the breadth of services offered by PayPal, which has more than 152 million users and deep ties to merchants like Home Depot both online and off, they are entering areas that the once-nimble online-payments service should own – but doesn’t.

Sep 30, 2014

EBay follows Icahn’s advice, plans PayPal spinoff in 2015

Sept 30 (Reuters) – EBay Inc plans to spin off its
PayPal unit next year, bowing to activist investor Carl Icahn’s
argument that the move would free the fast-growing payments
business to compete more fiercely in the competitive mobile
payments market.

The move, announced on Tuesday, is an about-face for eBay’s
top leadership, including Chief Executive Officer John Donahoe,
who publicly resisted Icahn’s push earlier this year and led a
campaign to convince investors that eBay and PayPal should
remain together.

Sep 24, 2014

Dissident artist Ai Weiwei brings exhibit to Alcatraz

ALCATRAZ (Reuters) – One of China’s most famous dissidents has appropriated the United States’ most famous former prison as a way to highlight the plight of activists held in detention.

Starting Sept. 27, the former island penitentiary turned U.S. national park in San Francisco Bay will offer visitors the opportunity to view seven installations custom-designed by the artist and activist Ai Weiwei.

    • 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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