Amazon Web Services (AWS) says it is upping its investment in its Ohio data center operations. The company announced Monday (June 26) that it will spend an estimated $7.8 billion to expand its data centers in the state by 2030. The investment, building on AWS’ nearly 7-year-old effort...
Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. After completing its preliminary review of the deal on July 6, the European Commission has scheduled a four-month investigation, according to...
Category by category, the jousting for share of consumer spending is a pitched battle for Amazon and Walmart. One holdout, beauty and wellness, where the two firms have been running neck and neck, may tilt toward Amazon’s favor. In a note, Morgan Stanley contended that...
As small food brands look to reach consumers online, some are finding that, when it comes to both operational simplicity and to reaching the widest audiences, Amazon cannot be beat, despite the many frustrations of depending on the eCommerce giant. In an interview with PYMNTS,...
Amazon has teamed with YouLend to help small businesses in the U.K. gain financing in a tough lending environment. The partnership between the retail giant and embedded financing platform, announced Tuesday (June 20), gives merchants cash advances linked to their sales, letting them make repayments as they...
After more than a year, Amazon’s $1 billion logistics fund is reportedly 90% unspent. The retail giant unveiled the Amazon Industrial Innovation Fund in April 2022, with the goal of investing in companies working to “incrementally increase delivery speed” and improve the experience of employees in the...
America’s telecom giants say they have no plans to work with Amazon to offer low-cost wireless to Prime members. A report Friday (June 2) by Bloomberg News said Amazon was in talks with Verizon Communications, T-Mobile US and Dish Network on a plan to offer Prime...
Amazon, the world’s largest online retailer, is reportedly in talks with several wireless carriers to offer its Prime subscribers low-cost or even free nationwide mobile phone service. The company is negotiating with Verizon Communications, T-Mobile US and Dish Network to secure wholesale prices, with the...
Amazon Vice President, North America Customer Fulfillment Melissa Nick will reportedly leave the company June 16. Nick will be the latest in a series of executives who have left the company over the past year, CNBC reported Thursday (June 1). In a statement provided to PYMNTS, Barbara Agrait, an Amazon...
