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Amazon.com News

17 Mar 2022

Amazon.com closes $8.5 billion deal to buy MGM movie studio

The Seattle-based retailer announced the transaction in May 2021. MGM`s staff will join the organization of Mike Hopkins, senior vice president of Prime Video and Amazon Studios.

03 Nov 2021

Amazon to launch its first internet satellites in late 2022

The company filed a request with the Federal Communications Commission (FCC) to launch and operate its first two prototype satellites, called KuiperSat-1 and KuiperSat-2. Amazon said the satellites will launch with ABL Space on its RS1 rocket, CNBC reported.

04 Jun 2020

Amazon in initial talks to buy $2 billion stake in Bharti Airtel: Sources

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India`s digital economy.

15 Jan 2020

Amazon orders electric vans from Deutsche Post's StreetScooter

StreetScooter has also installed 60 charging stations at Amazon`s distribution centre outside Munich, Deutsche Post said in a statement.

13 Jan 2020

Amazon CEO Jeff Bezos to face massive protests from traders during India visit

CAIT has issued a statement saying, ''The Amazon CEO visit will see huge protests from traders across the country.''

12 Jan 2020

As Amazon.com flexes its muscle, Seattle moves to curb corporate political don

A six-member committee of Seattle City Council has already unanimously approved the measure, making it almost certain that the full nine-member council will pass it on Monday.

02 Aug 2018

Flipkart unveils loyalty programme to counter Amazon Prime

Amazon launched Prime, its global loyalty programme that offers free, faster shipping and free music and video streaming services, in India in 2016.

Walmart-Flipkart deal

03 May 2018

Amazon makes bid to spoil Walmart-Flipkart deal: Report

The news underscores how Amazon is focused on winning India`s fledgling e-commerce market, and the offer could be a ploy to block Walmart from bringing its expertise in logistics and supply chain management to Flipkart, people familiar with the matter said.

04 Apr 2018

Amazon may offer to buy Flipkart: Reports

Walmart is in talks to buy a stake of over 40 percent in Flipkart, a direct challenge to Amazon in Asia`s third-largest economy.

28 Feb 2018

Amazon buys startup Ring in $1 billion deal to run your home security

Ring is set to be one of Amazon`s most expensive takeovers, after its $13.7 billion deal last year for Whole Foods Market.

24 Oct 2017

Amazon studio executive Joe Lewis resigns

Amazon said Sharon Tal Yguado, who is the head of event series, will replace Lewis in the interim.

20 Sep 2017

Amazon sends accidental gift email to shoppers due to glitch

A number of recipients, however, reported on social media that they were not expecting a child.

14 Aug 2017

Amazon refunding customers who bought 'unverified' eclipse glasses

E-commerce giant Amazon is offering refunds to customers who purchased eclipse glasses from the platform and warned them not to use the spectacles to view the total solar eclipse that will occur on August 21.

08 Aug 2017

Amazon to start food retail biz in India this Diwali

Amazon has planned to invest $500 million in the food segment, over and above the $5 billion it had already committed to investing in India.

03 Aug 2017

Amazon picks its first Australian warehouse, a step towards launching

US retail giant Amazon.com unveiled the location of its first warehouse in Australia on Thursday, picking an industrial area outside Melbourne in a major step towards launching operations in the world`s 12th-largest economy.

29 Jul 2017

Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state

Amazon has yet to detail its plans for the wider region and a spokeswoman declined to comment.

12 Jul 2017

Amazon.com on pace to break sales record for 'Prime Day'

The world`s largest online retailer said customers ordered more than three times as many Echo-family speakers than during Prime Day 2016, which at the time broke records for Amazon devices.

11 Jul 2017

Amazon wins India's approval to invest in domestic food retail

Online retail giant Amazon.com Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart.

08 Jun 2017

Amazon lent $1 billion to merchants to boost sales on its marketplace

Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday.

28 Apr 2017

Amazon revenue soars as cloud, retail businesses dominate

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