The United States and Australia are tightening their crime fighting alliance, with a new landmark agreement that could see law enforcement agencies in both countries have easier access to the communications data of each other’s residents. It comes under the Clarifying Lawful Overseas Use of Data (CLOUD) Act passed in 2018 requiring all U.S.-based cloud…
US, Australia Police to Access Each Other’s Residents’ Messaging Data
December 16, 2021
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Wall Street Ends Down, Investors Eye Inflation and Omicron
Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases. The fast-spreading Omicron coronavirus variant also dampened investor sentiment after the S&P 500 index hit an all-time closing high late last week. Declines…
Cowen Calls Amazon as Best Idea for 2022, Top Mega-Cap Pick
Cowen analyst John Blackledge raised the price target on Amazon.com Inc. to $4,500 from $4,300, implying 30.7 percent upside, and keeps an Outperform. Blackledge called Amazon his Best Idea for 2022 and top mega-cap pick. The analyst expects accelerating sales growth in the second quarter of 2022 as e-commerce comps ease. Amazon’s one-day and same-day…
Workers at Candle Factory, Amazon Allegedly Told They Couldn’t Leave Before Tornadoes Hit
Workers at two facilities struck by tornadoes over the weekend say they were either told not to leave or threatened with termination if they left as the twisters bore down. The tornadoes struck an Amazon warehouse in Edwardsville, Illinois, and a candle factory run by Mayfield Consumer Products in Mayfield, Kentucky. Six Amazon workers were…
Netflix Slashes India Prices in Battle With Disney, Amazon
December 14, 2021
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MUMBAI—Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon. The streaming giant cut prices by 60 percent, to 199 rupees ($2.62) a month, for its basic…
2 Confirmed Dead as Rescuers Search for Workers Trapped in Amazon Warehouse Hit by Tornadoes in Illinois
December 11, 2021
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At least two workers were confirmed dead when an Amazon.com Inc. warehouse collapsed near St. Louis after tornadoes and strong storms roared through the area late Friday, local authorities said. Several people remained unaccounted for as rescuers frantically searched for workers who may be trapped in the facility in Edwardsville, Illinois, Police Chief Mike Fillback…
Deadly Tornadoes, Storms Strike US; Roof Collapse at Amazon
December 11, 2021
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EDWARDSVILLE, Ill.—Tornadoes and severe weather were blamed for several deaths and injuries across parts of the Midwest and the South as a storm system caused significant damage at a candle factory in Kentucky, an Amazon facility in Illinois, a nursing home in Arkansas, and numerous homes and buildings. Many people were feared dead at the…
Kentucky Governor Fears 50 Fatalities as Major Storms Rip Through Multiple States
December 11, 2021
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A major storm system ripped through multiple U.S. states on Friday, hitting a candle factory in Kentucky with more than 100 employees still inside the building at the time the tornado struck. The series of U.S. storms started early on Friday and are already blamed for multiple deaths and injuries across parts of the Midwest…
At Least 70 Dead in Kentucky as Major Storms Rip Through Multiple States
December 11, 2021
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A major storm system ripped through multiple U.S. states on Friday, hitting a candle factory in Kentucky with more than 100 employees still inside the building at the time the tornado struck. The series of U.S. storms started early on Friday and are already blamed for multiple deaths and injuries across parts of the Midwest…
Analysis: Outage Shows How Amazon’s Complex Cloud Makes Backup Plans Difficult
Major companies using Amazon.com‘s data services got a painful lesson this week about how the complexity and market dominance of the company’s cloud unit make it difficult to back up their data with other providers, analysts and experts told Reuters. Amazon said that an “an impairment of several network devices” in its Amazon Web Services…
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