Tag AMZN

Apple Inc and Amazon.com Inc were accused in an antitrust lawsuit on Wednesday of conspiring to drive up iPhone and iPad prices by removing nearly all other resellers of new Apple products from Amazon's website. The proposed class action in Seattle federal court objected to an agreement that took effect in January 2019, under which Apple gave Amazon discounts of up to 10% on its products, in exchange for Amazon letting just seven of 600 resellers stay on its platform. This transformed Amazon into the dominant reseller of new iPhones and iPads on its website, according to the complaint, after it had previously carried a limited number of Apple products as well as knockoffs...

(Bloomberg) -- Apple Inc. and Amazon.com Inc. were accused in a lawsuit of striking an unlawful deal to drive up prices for iPhones and iPads by wiping out hundreds of third-party sellers who often offered steep discounts.Most Read from BloombergSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysMeta to Cut 11,000 Jobs; Zuckerberg Says ‘I Got This Wrong’Hochul Wins NY Governor Race as GOP’s Zeldin Refuses to ConcedeRise of Russia Hardliners Sows Fear In Putin’s EliteSam Bankman-Fried'...

During the busy holiday season, employees will work 10-hour shifts at Amazon's fulfillment center on Broenig Highway in Baltimore...

CPI data for October is set for release on Thursday...

Investors should pay more attention to the e-commerce leader's plans for its streaming video business...

These cards offer benefits such as collision damage waivers to make your next car rental easier...

It has been difficult for Alibaba's (NYSE: BABA) investors over the last two years. Alibaba recently made headlines as its business delivered a multi-year-low growth rate of 19% in the fiscal year that ended March 31. Once a darling of growth investors, Alibaba has felt more like a plague they want to avoid at all costs...

Amazon.com Inc. said Wednesday that it identified and dismantled three counterfeiting operations in China, with help from local Public Security Bureaus (PSB) and Amazon's Counterfeit Crimes Unit (CCU). The ecommerce giant said more than 240,000 counterfeit items were seized by law enforcement in the Guangdong and Jiangxi provinces. The seized items included counterfeit items of luxury, sports and automotive brands. "We appreciate law enforcement acting on our referrals and thoroughly pursuing th...

A rise in inflation and subsequent decrease in consumer spending have led to a startling stock market sell-off in 2022, with many companies hit hard by macroeconomic declines. Amazon (NASDAQ: AMZN) has been one of the hardest hit, with its share price down over 46% since January. With its dominating market share in industries such as e-commerce and cloud computing, Amazon is well-positioned to regain its losses down the road...