Amazon.com Inc is in late-stage talks with Dallas, New York, the Crystal City area of northern Virginia and a few other candidates for the location of its second headquarters, the Wall Street Journal reported on Sunday.
Shares of Amazon dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.
Shares of Amazon.com Inc fell 10 percent in trading before the bell on Friday after its sales outlook missed Wall Street targets, fanning concerns that the online retailer's expansion may finally be losing steam.
Amazon said on Tuesday it will increase hourly pay rates for warehouse workers in the U.S. and UK, but the UK’s GMB Union has voiced its concerns, saying the firm's simultaneous scrapping of bonuses will harm workers.
Amazon.com Inc forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising.
U.S. civil liberties groups on Tuesday called on Amazon to stop offering facial recognition services to governments, warning that the software could be used to target immigrants and people of colour unfairly.
Two major Wall Street brokerages were the first to value Amazon.com Inc in excess of $1 trillion (725 billion pounds) on Friday after another set of blockbuster quarterly results for the online shopping behemoth.
Amazon.com more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, and added U.S. football games.