SAN FRANCISCO (Reuters) – Amazon.com Inc’s quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales tax in more states, curtailing growth in its core business.
Amazon, which has expanded aggressively into mobile devices and computing services to try to sustain its pace of growth, may lose customers to a growing crop of retail startups and major chains that had been slow to react but are now focusing on their own online commerce strategies, analysts say.
SAN FRANCISCO/NEW YORK (Reuters) – Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company’s major shareholders.
Icahn withdrew his two nominees to eBay’s board ahead of the company’s annual meeting in May. But in a concession to the famously pugnacious activist investor, eBay added David Dorman, a founding partner of investment firm Centerview Capital Technology, as a 10th independent director.
SAN FRANCISCO (Reuters) – Amazon.com Inc, a company known for its ruthless drive, is courting the free-wheeling coders and dreamers of the gaming industry with a lighter touch as it seeks to break into an arena now dominated by Apple and Google.
The online retailer, infamous for undercutting rivals and pressuring suppliers, hopes that making nice with game developers will help it build a vibrant app platform on its new Fire TV and gain ground in an area where it severely lags the competition.
NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc made a play for the increasingly crowded home entertainment arena by unveiling the $99 (59.55 pounds) “Fire TV” video and game streaming device on Wednesday, with hopes of boosting its main online retail business over the longer term.
The square device, which just about fits in the palm of one hand, streams content from Netflix Inc, Hulu and other video services – much like Apple TV or Google Inc’s Chromecast.
NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc unveiled a $99 video streaming device dubbed Fire TV on Wednesday, the U.S. e-commerce leader’s latest step to beef up its multimedia presence and capitalize on the growing appetite for digital media.
Fire TV can access content from Netflix Inc, Hulu and other providers of streaming video. The device also offers a prominent platform for Amazon’s streaming video service and its growing slate of original television and video games.
DETROIT/SAN FRANCISCO (Reuters) – U.S. auto sales inched up in March after two months when weather reduced demand, but the robust sales rebound some expected will have to wait until April, initial reports by major automakers showed on Tuesday.
Ford Motor Co reported a 3 percent rise in U.S. sales; Toyota Motor Corp a 5 percent rise; and Chrysler Group, a unit of Fiat Chrysler Automobiles, a 13 percent increase from a year ago. All three narrowly beat expectations by industry research firm Edmunds.com.
SAN FRANCISCO (Reuters) – Amazon.com Inc will drop prices on most of its cloud computing services starting April 1, the largest U.S. online retailer said on Wednesday, a day after rival Google Inc outlined a major price cut of its own.
The price cuts range from 10 percent to 65 percent, Andrew Jassy, senior vice president of Amazon Web Services, told a conference for Amazon web developers in San Francisco.
(Reuters) – Amazon.com Inc plans to hike the annual fee for its popular Prime service by 25 percent to $99 starting next week, a move announced on Thursday that risks losing customers for a feature that has helped drive its business.
The increase comes about six weeks after Amazon warned that it may raise prices by as much as $40 to offset rising fuel and shipping costs. Prime, which offers unlimited two-day shipping among other perks, had cost $79 since its introduction in 2005.
DETROIT, Feb 20 (Reuters) – Tesla Motors Inc has
had “conversations” with Apple Inc, Chief Executive
Elon Musk confirmed to Bloomberg TV on Thursday, responding to
speculation that the iPhone and iPad maker had shown interest in
the electric car company.
But Musk would not describe those talks, including whether
they involved the possibility of an acquisition. He added that
it is “very unlikely” that Tesla would be bought by any company.
DETROIT, Feb 19 (Reuters) – A federal judge on Wednesday
gave Detroit and a group of bond insurance companies two or
three weeks to settle a dispute over whether the city can treat
certain bonds as unsecured debt, warning of an “all or nothing”
ruling if no deal is reached.
The outcome of the dispute could significantly affect the
$3.7 trillion municipal bond market, where general obligation
bonds backed by the full faith and credit pledge of cities,
school districts and others has long been considered sacrosanct.