Tag Archives: Amazon

Amazon To Cover College Costs For Hourly Workers

CNBC reports: Amazon said Thursday it will offer to pay 100% of college tuition for its 750,000 U.S. hourly employees. The e-commerce giant is following the lead of other large U.S. companies that are dangling perks such as education benefits or more pay to woo workers in a tight job market. Starting in January, Amazon said, it will cover the …

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Amazon To Launch Branded Televisions Next Month

The Verge reports: Amazon is set to release Amazon-branded TVs as soon as October in the US, according to Insider. The TVs will have Alexa, screen sizes “in the range of 55 to 75 inches,” and will be designed and manufactured by third parties such as TCL. The company is also developing a TV designed in-house, but it’s unclear when …

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Amazon To Beef Up Moderation Of Sites It Hosts

The Verge reports: Amazon is planning to expand its in-house moderation team for Amazon Web Services, according to a new report from Reuters. Citing two sources within the company, the report says Amazon is planning to develop a proactive threat monitoring capability within AWS, which will seek out prohibited content on AWS servers and remove it before it’s reported by …

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Amazon To Advertise For Weed-Smoking Drivers

Bloomberg News reports: Amazon.com Inc. has a solution for a potentially crippling shortage of delivery drivers: Recruit pot smokers. The company is advising its delivery partners — the mom and pops that operate the ubiquitous blue Amazon vans — to prominently advertise that they don’t screen applicants for marijuana use, according to correspondence reviewed by Bloomberg and interviews with four …

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WSJ: Amazon To Open Meatspace Department Stores

The Wall Street Journal reports: Amazon.com Inc. plans to open several large physical retail locations in the U.S. that will operate akin to department stores, a step to help the tech company extend its reach in sales of clothing, household items, electronics and other areas, people familiar with the matter said. The plan to launch large stores will mark a …

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Jeff Bezos Donates $200 Million To The Smithsonian

Via press release from the Smithsonian: The Smithsonian will receive a $200 million donation from Jeff Bezos, founder and executive chair of Amazon, and founder of aerospace and space flight company Blue Origin. The donation is the largest gift to the Smithsonian since the Institution’s founding gift from James Smithson in 1846. A $70 million portion of the donation will …

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Pentagon Axes $10B MS Contract In Win For Amazon

Axios reports: The Department of Defense announced Tuesday it was canceling the massive cloud contract awarded to Microsoft in 2019, saying it “no longer meets its needs.” The JEDI contract was the largest-ever of its kind, with an estimated value of roughly $10 billion over a 10-year stretch. The deal, initially intended to modernize the Pentagon’s IT operations, was the …

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TODAY: Jeff Bezos Steps Down As CEO Of Amazon

Business Insider reports: Jeff Bezos’ reign as Amazon CEO will come to an end on Monday, and he’ll be stepping down as the world’s richest person. He will be retiring from the role at the age of 57 with an estimated $199 billion in wealth, according to Bloomberg’s Billionaire’s Index. The fortune largely consists of his hefty Amazon holdings and …

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Jeff Bezos To Launch Himself Into Space Next Month

NBC News reports: Jeff Bezos announced on Monday that he and his brother will join the first crewed spaceflight from his private rocket company on July 20 — just 15 days after he is set to step down as chief executive of Amazon. “Ever since I was five years old, I’ve dreamed of traveling to space,” he wrote in an …

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G7 Nations Strike Deal On Taxing Multinational Firms

Reuters reports: The United States, Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens. Hundreds of billions of dollars could flow into the coffers of governments left cash-strapped by the COVID-19 pandemic after …

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Amazon Customers Get Week To Opt-Out Of WiFi Plan

The Guardian reports: Amazon customers have one week to opt out of a plan that would turn every Echo speaker and Ring security camera in the US into a shared wireless network, as part of the company’s plan to fix connection problems for its smart home devices. The proposal, called Amazon Sidewalk, involves the company’s devices being used as a …

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Stephen Colbert Suggests Jeff Bezos Bought MGM To Get Access To Trump’s “Racist” Apprentice Outtakes

“So, why would one of the world’s richest men pay almost twice the value for a struggling movie studio that recently went bankrupt? “Well, it could be that Jeff Bezos has an ongoing feud with the former president. Guess what? All the outtakes from The Apprentice are owned by MGM. “Holy mother of DVD extras! The private footage of a …

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Amazon Closes $8.45 Billion “Mega Deal” To Buy MGM

The Hollywood Reporter reports: In a landmark mega deal, Amazon is acquiring MGM Holdings — whose storied studio boasts one of the largest film and TV libraries — in a bid to turbocharge its Prime membership offering to customers and potentially mine intellectual property of franchises such as James Bond and Rocky. The deal, pending regulatory approval, values the studio …

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Washington DC Sues Amazon For Alleged Price-Fixing

The New York Times reports: The District of Columbia sued Amazon on Tuesday, accusing it of artificially raising prices for the products in its ubiquitous online marketplace and around the web by abusing its monopoly power, a sign that regulators in the United States are increasingly turning their attention to the company’s dominance across the economy. In the lawsuit, the …

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WSJ: Amazon Near Deal To Buy MGM For $9 Billion

The Wall Street Journal reports: Amazon.com Inc. is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion including debt, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant. An agreement could be announced as early as this …

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Amazon Launches Pay-By-Palm Tech At Whole Foods

The Associated Press reports: Amazon is rolling out pay-by-palm technology at some Whole Foods grocery stores near its headquarters to make paying quicker and more convenient. The technology, called Amazon One, lets shoppers scan the palm of their hand and connect it to a credit card or Amazon account. After the initial set up, which Amazon says takes less than …

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FBI: Riot Suspect Plotted To Bomb Amazon Data Center

The Hill reports: Federal law enforcement arrested a Texas man this week who is accused of attempting to blow up a data center in Virginia and allegedly boasted about his presence at the Capitol riot on Jan. 6. Federal prosecutors announced on Friday that Seth Aaron Pendley, 28, was arrested by the FBI in Fort Worth, Texas, on Thursday after …

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Alabama Amazon Workers Reject Bid To Unionize

CBS News reports: Amazon has beaten back a historic effort by workers to form a collective bargaining unit in a warehouse in Bessemer, Alabama, with about two-thirds of ballots cast in the union election voting against joining the Retail, Wholesale and Department Store Union, according to a tally by the National Labor Relations Board. The final tally showed 1,798 votes …

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Amazon Formally Lends Support To Infrastructure Plan

Via press release from Amazon: Amazon founder and CEO shares a statement in support of investment in American infrastructure. “We support the Biden Administration’s focus on making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past, and it’s the right time to work together to make this happen. “We recognize this investment will require …

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Amazon Sorry For Denying “Peeing In Bottles” Reports

Reuters reports: Amazon.com Inc has apologized to U.S. Representative Mark Pocan, admitting to scoring an “own goal” in its initial denial of his suggestion that its drivers were sometimes forced to urinate in bottles during their delivery rounds. “We know that drivers can and do have trouble finding restrooms because of traffic or sometimes rural routes, and this has been …

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