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AMZN MSFT

Microsoft EVP Charlie Bell restructures cybersecurity teams

Charlie Bell, a former Amazon cloud executive, is reorganizing Microsoft's cybersecurity team after eight months after joining the company...

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AMZN

Walmart Has Its Answer to Amazon Prime Day

Back in 2015 when Amazon launched a cool little event called Prime Day in hopes of dethroning the power of Black Friday, quite a few of us showed up to buy heavily discounted goodies (including a mind-boggling 24,000 Instant Pots). Now, it's seven years later, and Amazon Prime Day is not what it was when it launched. Not according to folks on the internet, at least, who take to forums like Reddit to talk about the days when Prime Day was actually a place to go for amazing deals, rather than just cheap facial massagers and sock organizers no one wants...

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AMZN

Amazon to sublease some of its warehouses as online shopping slows

Seattle-based Amazon doubled the size of its operations during the pandemic, adding more warehouses and workers to keep up with demand...

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AMZN

Amazon Shedding Warehouse Space as Sales Slow

Amazon (AMZN) seeks to reduce warehouse space by 10 million to 30 million square feet in 2022 after over-expanding during the pandemic...

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AMZN

AWS Announces General Availability of Amazon EC2 C7g Instances Powered by AWS-designed Graviton3 Processors

SEATTLE, May 23, 2022--AWS today announced the general availability of Amazon EC2 C7g instances powered by AWS-designed Graviton3 processors...

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AMZN

Davos 2022: Longtime tech CEO Antonio Neri sees no recession for HPE

HPE CEO Antonio Neri weighs in on the tech giant's business amid a host of recession fears clamping down on the markets...

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AMZN

Amazon Plans to Sublet Warehouse Space to Reduce Excess Capacity

The company has acknowledged it overbuilt as it sought to meet pandemic demand for online shopping, which appears to be easing...

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AAPL AMZN

2022 Fortune 500: Pittsburgh rankings see new top performer

Fortune released its annual Fortune 500 list on Monday, ranking the top publicly-traded companies by annual revenue. In total, 10 companies headquartered in the Pittsburgh region made the list, with companies moving up and down the rankings compared to last year...

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AMZN

Why Roku Stock Tumbled on Monday

Early in the trading day on Monday, shares of Roku (NASDAQ: ROKU) turned sharply lower, declining as much as 6.7%. The catalyst that sent the streaming pioneer tumbling was a report that a big player was entering the streaming device and connected-TV space. Microsoft (NASDAQ: MSFT) is working to expand is Xbox Cloud game-streaming platform...

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AMZN

Two years after George Floyd’s killing, Big Tech shareholders continue racial-justice push

Exactly two years after George Floyd was killed by police, sparking widespread protests and prompting companies to declare their commitments to racial justice, investors in a couple of Big Tech companies will vote Wednesday on an array of shareholder proposals that either specifically mention racial justice or are tied to it. Shareholders are urging Amazon.com Inc. (AMZN) and Meta Platforms Inc. (FB) to conduct racial-equity audits; explore the potential risks of the metaverse with respect to discrimination and civil-rights violations; examine a claim that Facebook is discriminating against employees deemed “non-diverse”; and more. Investors in Alphabet Inc. (GOOG) (GOOGL) also will vote on similar racial justice-related resolutions next week...

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