Poor Fire Phone sales take their toll on Amazon October 24, 2014 Poor sales of the Fire Phone are taking their toll on Amazon's business. In a conference call the company said it would take a $170m write down “primarily related to Fire phone inventory valuation and supplier commitment costs.” Amazon’s phone was said to be the “iPhone killer” ahead of its release, but even its [...]
Amazon share price falls by the most in a decade as revenues disappoint October 23, 2014 Shares in Amazon fell as much as 13 per cent in New York after hours trading this evening – the company's biggest fall in at least a decade. The drop occurred after the online retailer posted disappointing results for the third quarter, with forecasts and sales falling well below Wall Street expectations. Analysts [...]
Amazon hires for Christmas: 13,000 temporary UK jobs to be created over festive period October 20, 2014 Amazon is set to create an extra 13,000 temporary jobs in the UK over the Christmas season as the online giant braces itself for the busiest trading period of the year. The company announced yesterday it will hire people to work across it eight fulfilment centres across the UK and its customer service centre [...]
Amazon debuts same-day pick up service at 500 newsagents, corner shops and London Tube stations October 14, 2014 Online retail giant Amazon will this morning announce a same-day pick-up service in partnership with Connect Group’s newspaper and magazine distribution arm, Smiths News. The service will let customers order goods from Amazon as late as 11.45am for collection at one of 500 newsagents or corner stores from 4pm later that day. “This is our [...]
Google’s Eric Schmidt: Amazon is our biggest search rival October 13, 2014 Google's chairman has dismissed Bing and Yahoo: the biggest threat to its search hegemony is Amazon. Eric Schmidt believes that the scrutiny Google is under in Europe after the 'right to be forgotten' battle is unfair given the large roles played by the company's rivals, such as Facebook and Amazon. Mobile search is becoming more [...]
Amazon jobs: Online retailer plans to create 1,000 new positions in the UK October 13, 2014 Amazon is planning to hire 1,000 more staff to work at its distribution centres across the UK in the coming months. The permanent staff will be based at Amazon’s centres in Doncaster, Dunfermline, Gourock, Hemel Hempstead, Milton Keynes, Peterborough, Rugeley and Swansea Bay. The hiring spree will add to the 6,000 existing staff working at [...]
Amazon could be opening physical store in New York in time for Christmas October 9, 2014 Amazon is entering a brave new world. In an unusual move for an online company, the retail powerhouse is reportedly setting up a shop. That’s right – a real, physical store that sits on the street and has its doors open to the public. It’ll never catch on. The Wall Street [...]
Amazon renews film deal with Studiocanal October 8, 2014 Studiocanal, the production company behind films such as Paddington and The Hunger Games, said yesterday it had extended an agreement with Amazon to supply the online retailer with movies for its streaming service in the UK and Germany.
Amazon says it “received no special tax treatment” after EU begins Luxembourg tax arrangement investigation October 7, 2014 Amazon has said it “received no special tax treatment” in response to the European Commission opening an investigation into its tax affairs in Luxembourg. Brussels is examining the online retail giant's arrangements with the Luxembourg government claiming it amounted to illegal state aid in the latest crackdown on companies and countries believed to be negotiating [...]
Mark Zuckerberg is now richer than Amazon founder Jeff Bezos and Google founders Larry Page and Sergey Brin September 29, 2014 Mark Zuckerberg is now richer than Amazon founder Jeff Bezos and Google founders Larry Page and Sergey Brin. The Facebook founder Mark Zuckerberg has overtaken the three biggest billionaires in technology by accruing an additional $15bn in wealth since last year- more than any other billionaire this year. That's not bad for a yearly paycheque [...]