Tag AMZN

FTC Chair Lina Khan is reportedly meeting with Amazon (AMZN) representatives in what could be the last face-to-face meeting before the FTC files an antitrust lawsuit against the tech giant. Yahoo Finance Legal Correspondent Alexis Keenan and Yahoo Finance Tech Editor Dan Howley discuss the details of the potential meeting and potential lawsuit.  Keenan said, "If the FTC does go forward ... it could ask its own in-house court judge to break up this $1.4 trillion company." FTC Chair Lina Khan has also filed cases against Meta's Facebook (META) and recently lost another case against Microsoft (MSFT). Howley added that there are reports "that Amazon is cutting back on some of its branding ... cutting down those numbers to maybe three when it comes to apparel," and that "that could help push off some of the criticism."...

Amazon Fresh delivery is opened up to non-Prime members in 12 metro areas. Amazon has begun to make hundreds of its Whole Foods 365 private-label products available for nationwide shipping via its website, a move that comes just days after reports surfaced of the company's plan to open up its Amazon Fresh delivery service to non-prime members.The world’s largest e-commerce company has unveiled a new store design for Amazon Fresh, the brand name for its online and physical grocery store. While an...

Amazon.com is shelving several private clothing brands, a source familiar with the matter said on Thursday, as the e-commerce giant tries to cut costs and address antitrust scrutiny. The move was first reported by the Wall Street Journal, which said the company has decided to eliminate 27 of its 30 in house-label clothing brands, leaving it with just Amazon Essentials, Amazon Collection and Amazon Aware. "If there are products that aren't resonating with customers we deprecate those items and look for other opportunities to better meet their needs," Matt Taddy, vice president of Amazon Private Brands, said in an email to Reuters...

The company has decided to eliminate 27 of its 30 clothing labels, such as Lark & Ro and Goodthreads, as it works to fend off antitrust scrutiny and cut costs...

Amazon said the email was an oversight, but it still underscores the tech giant’s difficulty in getting its employees back to the office...

Financial Times Disney Explores Strategic Shift Away from Traditional TV to Focus on Streaming: CEO Bob Iger Walt Disney Co (NYSE: DIS) is exploring options for its portfolio of TV networks marking its focus on film studios, theme parks, and streaming. CEO Bob Iger mentioned that the company is considering strategic partnerships for ESPN, with the likelihood that its premium sports programming will eventually shift entirely to streaming. Iger was obvious that the linear TV assets are for sale, s...

Amazon has tracked the attendance of US-based workers and targeted those failing to comply with its hybrid working policy, becoming the latest employer to take a more aggressive approach to forcing staff back to the office. The Seattle-based tech group this week singled out some staff members to tell them they were “not currently meeting our expectation of joining your colleagues in the office at least three days a week”, according to an email seen by the Financial Times. “We expect you to start coming into the office three or more days a week now,” the email said...

Dish Network's merger with EchoStar delivered a one-day boost to beaten-up DISH stock. Now investors are wondering what's next...

Amazon (AMZN) is well positioned to outperform the market, as it exhibits above-average growth in financials...

The move was first reported by the Wall Street Journal, which said the company has decided to eliminate 27 of its 30 in house-label clothing brands, leaving it with just Amazon Essentials, Amazon Collection and Amazon Aware. "If there are products that aren't resonating with customers we deprecate those items and look for other opportunities to better meet their needs," Matt Taddy, vice president of Amazon Private Brands, said in an email to Reuters. The Journal had earlier reported that Amazon was discussing an exit from the private brands business as a concession to the U.S. Federal Trade Commission (FTC) if the regulators filed a long-awaited antitrust lawsuit against the retailer...