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Corporate News 21 Feb 2018 | 10:52 PM

Netflix, Amazon win new favour after Wall Street sell-off

SAN FRANCISCO: Netflix Inc, Inc and technology companies poised to benefit from U.S. corporate tax cuts are attracting fresh attention on Wall Street after their shares shrugged off recent market turbulence.

Business 07 Feb 2012 | 12:00 AM

Kindle-wielding Amazon dips toes into physical world

SAN FRANCISCO (Reuters) - Inc is dipping its toes into the physical world as the largest online retailer offers more products in stores that may benefit from hands-on interaction with shoppers.

Business 16 Oct 2017 | 12:00 AM

Amazon plans foray into private-label sportswear

NEW YORK: Inc is tapping some of the biggest athletic-apparel suppliers to make a foray into private-label sportswear, according to people familiar with the matter, setting the stage for further upheaval in an already-tumultuous industry.

Corporate News 19 Dec 2017 | 12:00 AM

To thwart Amazon, Kroger and Walmart lure shoppers with kerbside pickup

LOS ANGELES: As looks to upend the US grocery market with home delivery, some veteran supermarket operators are betting on a different strategy: kerbside pickup.

Corporate News 26 Oct 2018 | 12:19 PM

US stock index futures sink as Amazon, Alphabet spark fresh selloff

BENGALURU: US stock index futures plunged on Friday as disappointing results from behemoths Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, ahead of data that will likely show U.S. economic growth slowed last quarter.

Corporate News 17 Jun 2017 | 8:09 AM

Amazon to buy Whole Foods for US$13.7b, wielding online might in brick-and-mortar world

NEW YORK: Inc said on Friday it would buy Whole Foods Market Inc for US$13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling US retail industry.

Corporate News 22 Sep 2017 | 12:00 AM

Bezos bets US$5bil that Amazon can win India

BENGALURU: It’s mere weeks to the festival of Diwali, the season of lavish, reckless consumption, and in a cavernous warehouse minutes from the Hyderabad airport, hundreds of workers are furiously sorting mountains of everyday items.

Markets 22 Nov 2017 | 10:46 PM

Global stocks scale fresh record high, oil price up

NEW YORK: A gauge of global equity performance scaled fresh record highs on Wednesday, propelled by bullish growth and company earnings outlooks, while crude oil rose to the highest prices in more than two years.

Markets 24 Nov 2017 | 10:40 PM

Global stocks set fresh record high on business outlook, euro rises

NEW YORK: Major global and U.S. stock indices set fresh all-time highs on Friday, buoyed by a bright business outlook and strong corporate earnings, while the economy's strength in continental Europe lifted the euro to a two-month high against the US dollar.

Markets 05 Oct 2017 | 3:03 PM

Wall Street indexes touch fresh record-highs

NEW YORK: The three main US indexes climbed to fresh record-highs for the fourth day in a row on Thursday, propelled by gains in technology stocks.