AMAZON.COM INC – Newswire Report

Trump Spouse-Visa Shift May Hurt Workers, Push 100,000 From Jobs

July 3, 2018July 3, 2018 NewsEditorALPHABET INC-CL A, AMAZON.COM INC, Career, Homeland Security, India, Jobs, Labor, politics, Tennessee, UNIVERSITY OF LIMERICK, VISA INC-CLASS A SHARES

U.S. President Donald Trump’s plan to ban spouses of high-skill visa holders from working will likely push 100,000 people out of jobs and negatively affect the visa holders and their employers, according to a new research study. The Trump Administration has been tightening the rules for H-1B visas, which allow foreign workers to take jobs in the U.S. for several years, and University of Tennessee at Chattanooga and Pooja B. Vijayakumar from the Kemmy Business School at the University of Limerick set out to study the implications of such a…

Headlines

Threats From All Sides Push Walmart and Humana Closer Together

April 3, 2018April 3, 2018 NewsEditorAETNA INC, AMAZON.COM INC, business, CIGNA CORP, CVS HEALTH CORP, EXPRESS SCRIPTS HOLDING CO, HUMANA INC, KINDRED HEALTHCARE INC, markets, Private Equity, UNITEDHEALTH GROUP INC, WALMART INC

Walmart Inc. and health insurer Humana Inc. may be facing different threats with the same solution. Amazon.com Inc. has taken direct aim at the giant retailer by siphoning customers out of its stores. Humana’s rivals are striking deals to make them one-stop health superstores with insurance, drug coverage, pharmacies, clinics and doctors. A told Bloomberg the pair are mainly considering a closer partnership to provide care to consumers at or near their homes, helping them manage or prevent illness. Walmart would be able to steer Humana’s millions of customers to…

Headlines

The Russian Robot Thats Hiring Humans

March 29, 2018March 29, 2018 NewsEditorALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, businessweek, construction, Jobs, MICROSOFT CORP, PEPSICO INC, Russia, Software, Technology, YANDEX NV-A

Robot Vera, artificial intelligence software designed for recruiting, to help its 300-odd clients—including PepsiCo, Ikea, and L’Oréal—fill vacant jobs. (Yes, with humans.) The Benefit Vera speeds the vetting of high-turnover service and blue-collar positions (clerks, waiters, construction workers), cutting the time and cost of recruitment by as much as a third, according to its creators. The software can interview hundreds of applicants simultaneously via video or voice calls, narrowing the field to the most suitable 10 percent of candidates. Innovators Vladimir Sveshnikov (28) and Alexander Uraksin (30), co-founders of Stafory,…

Headlines

YouTube Bans Firearms Demo Videos, Entering the Gun Control Debate

March 22, 2018March 22, 2018 NewsEditorALPHABET INC-CL A, AMAZON.COM INC, FACEBOOK INC-A, Florida, Gun Control, Guns, National Rifle Association, Social Network, Stocks, Technology, YouTube

Google’s new policy prohibits promotion of guns, bump stocks At least one video gun blogger ditched YouTube for PornHub greater restrictions on content several times in the past year, responding to a series of issues with inappropriate and offensive videos. Most of those changes involved pulling ads from categories of videos. Google is more reluctant to remove entire videos from YouTube, but has been willing to do so with terrorism-related content. The National Shooting Sports Foundation, a gun industry lobbying group, called YouTube’s new policy “worrisome.” “We suspect it will…

Headlines

Amazon, Berkshire, JPMorgan Link Up to Form New Health-Care Company

February 1, 2018February 1, 2018 NewsEditorAMAZON.COM INC, BERKSHIRE HATHAWAY INC-CL A, business, CIGNA CORP, CVS HEALTH CORP, EXPRESS SCRIPTS HOLDING CO, Jamie Dimon, jeff bezos, JPMORGAN CHASE & CO, Stocks, Warren E Buffett

It’s no secret Jeff Bezos has been looking to crack health care. But no one expected him to pull in Warren Buffett and Jamie Dimon, too. News Tuesday that Bezos’s Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co., led by Dimon, plan to join forces to change how health care is provided to their combined 1 million U.S. employees sent shock waves through the health-care industry. The plan, while in early stages and focused solely on the three giants’ staff for now, seems almost certain to set its…

Headlines

World’s Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour

January 13, 2018January 13, 2018 NewsEditorAMAZON.COM INC, Cloud Computing, Consumer Discretionary, cryptocurrency, currency, Japan, NETFLIX INC, Technology, Tokyo, Warren E Buffett

The world’s biggest cryptocurrency exchange keeps getting bigger. Hong Kong-based Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an interview with Bloomberg Television. Demand is so high that the company is limiting new customers, he said, though Binance may fully reopen in the coming weeks. “We did not expect this kind of growth to be honest,” Zhao said from Tokyo on Thursday. Binance was the world’s most active crypto…

Headlines

Target to Buy Shipt for $550 Million in Challenge to Amazon

December 15, 2017December 15, 2017 NewsEditorAMAZON.COM INC, BEST BUY CO, business, COSTCO WHOLESALE CORP, INSTACART INC, KROGER CO, logistics, SHIPT INC, shopping, Software Company, TARGET CORP

Target Corp. agreed to purchase grocery-delivery startup acquired software company Grand Junction, which also manages local and same-day deliveries. Target now offers same-day delivery in New York City and can send orders from 1,400 of its stores. Competition in this space is growing fiercer, though, as rivals Wal-Mart Stores Inc. and Best Buy Co. also apparel, have sent retailers scrambling to improve their online offerings. E-commerce sales are up about 17 percent this holiday season, according to Adobe Systems Inc., and online merchants racked up a record $6.59 billion on…

Headlines

Alibaba Singles’ Day Sales Hit $8.6 Billion in First Hour

November 11, 2017November 11, 2017 NewsEditorALIBABA GROUP HOLDING-SP ADR, AMAZON.COM INC, China, China Renminbi Spot, CITIGROUP INC, e-commerce, Entertainment, Jack Yun Ma, Mike Evans, shopping, Technology

Jack Ma is using this year’s event as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated retail market. “The work that’s been done in the integration of offline and online, not just in terms of the technology integration, but the data and efficiencies for brands and the consumer through personalization has been enormous,” Alibaba President Mike Evans said in an interview on Bloomberg TV. “We see the impact of…

Headlines

Amazon Threat Causes Shakeout in the Health-Care Industry

October 27, 2017October 27, 2017 NewsEditorAETNA INC, AMAZON.COM INC, AMERISOURCEBERGEN CORP, ANTHEM INC, business, CARDINAL HEALTH INC, CVS HEALTH CORP, Drugs, EXPRESS SCRIPTS HOLDING CO, MCKESSON CORP, shopping

McKesson Corp., Cardinal Health Inc. And late in the day, shares of CVS Health Corp. Executives in the drug industry say that Amazon could use its expansive online reach and its logistical muscle to threaten companies that ship and sell medicines to consumers and cut pricing deals with drug makers. “Size and scale-wise, they can disrupt anywhere they want to disrupt,” said Chip Davis, president of the Association for Accessible Medicines, a trade group for generic medication, in an interview Thursday. Competitive Squeeze A deal for Aetna could conceivably move…