Amazon.com Inc. said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The term loan will mature in 364 days, with an option to extend for another 364 days and the proceeds would be used for general corporate purposes. “Given the uncertain macroeconomic environment,…
Amazon to Make Big Business Changes in EU Settlement
Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. The EU’s executive Commission accepted the legally binding commitments from Amazon to resolve two antitrust investigations, allowing the company…
Kindness Exchange Cross-Canada Tour Inspires 1,700 Acts of Kindness
In four locations across the country, starting Dec. 13 and ending Dec. 19, Canadians pledged to do acts of kindness. The Kindness Exchange was organized by Amazon Canada, with gift cards of $50 each given out to the approximately 1,700 participants. “About 400 of the pledges were volunteer pledges,” Derek Hooey, operations manager at Amazon’s Mississauga…
Police: Suspect Shot Worker at Amazon Hub, Then Is Shot Dead
CHANDLER, Ariz.—A person with a gun shot and wounded a contract worker outside an Amazon delivery station in Arizona before another contract worker who was armed fatally shot the suspect in the parking lot Wednesday, possibly stopping an active shooter situation, police said. The suspect, who wasn’t an Amazon employee or contractor, entered the grounds…
Capitol Report: Arkansas City Elects 18-Year-Old Mayor; Same-Sex Marriage Codified, Concerns Over Religious Liberty
December 8, 2022
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Landmark legislation codifying same-sex marriage passes the House, and now it’s off to the White House. Concerns linger over protections for religious liberty. President Joe Biden hailed the release of American basketball player Brittney Griner. But controversies arise as some Republicans question the deal made with Russia. The House Ethics Committee is investigating Democratic Congresswoman Alexandria…
Google, Oracle, Amazon, and Microsoft Awarded $9 Billion Cloud Deals: Pentagon
December 8, 2022
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Amazon, Google, Microsoft, and Oracle have been awarded lucrative cloud contracts valued at up to $9 billion in total, the U.S. Department of Defense (DoD) announced on Dec. 7. The contracts were awarded to the four tech companies to help build the Joint Warfighting Cloud Capability (JWCC), which will replace the Joint Enterprise Defense Infrastructure (JEDI) and effectively streamline…
NTD Business (Dec. 7): Carvana Downgraded, Shares Tank; Study: George Soros Tied to 253 Media Groups
Carvana shares plummeted, and fears are growing it’ll go bankrupt after getting downgraded by a rating agency. The District of Columbia is suing Amazon, saying it stole tips from its delivery drivers for two and a half years. More signs supply chain problems are starting to resolve: Shipping times and prices are both down. How…
Amazon Records Biggest Ever Thanksgiving Shopping Weekend
December 1, 2022
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Amazon.com Inc. said on Wednesday it recorded its biggest-ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to Nintendo Switch gaming consoles. Fire TV Sticks, AirPods, and Champion clothing were among the top-selling items, Amazon said. Amazon did not provide a total sales figure for the weekend,…
Amazon CEO Says Company Won’t Stop Selling Movie ‘Hebrews to Negroes’ Despite Calls to Pull It
December 1, 2022
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Amazon CEO Andy Jassy has said the company has no plans to stop selling a controversial movie that has been described as anti-Semitic despite calls to do so from Jewish organizations. The movie “Hebrews to Negroes: Wake Up Black America” was released in 2018 and is directed by Ronald Dalton Jr., who authored a book of the same name in…
Amazon Battered by Underwhelming Investment Decisions
News Analysis Amazon, the world’s largest online retailer outside China, has reported subpar financial results as well as significant layoffs. Its stock is down almost 50 percent over the past 12 months. A look under the hood of the trillion-dollar behemoth reveals a series of investment decisions that haven’t quite panned out. Amazon has become…
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