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by SB •
Bloomberg — Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich sho...read more
by SB •
Market Watch — Amazon which last month briefly joined the elite club alongside Apple AAPL,+0.89%  claiming market capitalization of $1 trillion — will now pay its workers a minimum wage of $15 per hour. The hourly wage increase covers Amazon’s 250,000 U.S. full-time, part-time and tempo...read more
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Reuters — China’s largest e-commerce firm, Alibaba Group Holding Ltd has joined forces with a state fund and two technology firms in Russia, hoping that access to their client base of more than 100 million people will boost its development.. Alibaba will own 48 percent of AliExpress ...read more
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Fox Business — IPhone prices could rise as much as 20 percent if Apple gives in to pressure from President Trump to start assembling its smartphones here in the U.S., according to Bank of America Merrill Lynch.. Trump tweeted on Saturday, urging the tech giant to start manufacturing its ...read more
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CGTN — Starbucks is closing 8,000 company-owned US stores at around 2 p.m. local time on Tuesday as a first step in training 175,000 employees on racial tolerance. Some 6,000 licensed Starbucks cafes will remain open in locations such as grocery stores and airports, and those employees will be...read more
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The Guardian — The world's second-biggest company has warned that the “hostile” tax, which will charge firms $275 per worker a year to fund homelessness outreach services and affordable housing, “forces us to question our growth here”. Amazon, which is Seattle's biggest private sector employ...read more
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Reuters — British consumers tightened their belts further last month, figures from payment card company Visa showed on Monday, adding to signs that the economy is struggling to recover from a weak first quarter. Visa said inflation-adjusted spending on its credit and debit cards in Apr...read more
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Reuters — Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker’s annual revenue has balloon...read more
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BloomBerg — NASA and Amazon.com Inc. are tapping experts in France to figure out how to coordinate drone traffic, bolstering the country’s role as a hub for evolving regulation of unmanned aircraft. While Amazon hired a team in a Paris suburb, NASA headed closer to plane-maker Airbus SE’...read more
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NYPost — More than 150 potential buyers are circling some or all of the four magazines that Meredith is selling off — Time, Sports Illustrated, Fortune and Money. “The deadline is May 11 for first-round bids,” according to Meredith CEO Tom Harty. He made his comments exclusively to Media...read more
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CNBC — Gone are the days of triple play's phone, internet and TV packages. Today, it's all about quadruple play, and T-Mobile COO Mike Sievert said the proposed merger with Sprint will help the combined company get there. "So T-Mobile is in the position as a new T-Mobile to be able ...read more
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MarketWatch — More customers are dropping cable TV as they turn toward streaming services like Netflix Inc. NFLX, -0.71% a fundamental shift in consumer behavior that was on display this week in painful earnings reports from cable and telecommunications companies. Charter Communications...read more
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BloomBerg — GNC Holdings Inc. said it will close 200 stores this year as the vitamin retail company cuts costs and grapples with more than $1 billion in debt. Like other retailers, Pittsburgh-based GNC has been struggling with a large brick-and-mortar footprint and competition from onli...read more
by SB •
Economic Times — The US retail giant has been in talks with Flipkart for months to acquire controlling stake as it looks to take on rival Amazon.com Inc head-on in India, a market where ecommerce is tipped to grow to $200 billion in a decade. SoftBank Group, which owns about a fifth of...read more
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Reuters — Amazon Chief Executive officer Jeff Bezos informed shareholders Amazon Music now has tens of millions of paid customers, with Amazon Music Unlimited expanding to more than 30 new countries in 2017. Bezos said Prime Now, a service that offers free delivery within two hours, is now a...read more
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