LOS ANGELES—An Amazon.com vendor from Hacienda Heights was sentenced Aug. 29 to 18 months behind bars for bilking the online retailer out of more than $1.3 million by manipulating the company’s payment system. Ting Hong Yeung, 40, was sentenced by U.S. District Judge Stephen V. Wilson, who also ordered him to pay restitution for the…
Man Sentenced to Prison for Bilking Amazon in $1.3 Million Scam
LOS ANGELES—An Amazon.com vendor from Hacienda Heights was sentenced Aug. 29 to 18 months behind bars for bilking the online retailer out of more than $1.3 million by manipulating the company’s payment system. Ting Hong Yeung, 40, was sentenced by U.S. District Judge Stephen V. Wilson, who also ordered him to pay restitution for the…
LIVE NOW: California’s Checkbooks Now Open to Public; Amazon to Shut Down Telehealth Unit | NTD Business
Amazon, shutting down its telehealth service—rethinking its approach for expanding into health care. Peloton shares tumble after the fitness company reports a big quarterly loss. California’s checkbooks are finally made public. A decade of trying from a watchdog group shows us what the state is spending taxpayer money on. A new coffee collection, inspired by the beloved…
California’s Checkbooks Now Open to Public; Amazon to Shut Down Telehealth Unit | NTD Business
Amazon is shutting down its telehealth service—rethinking its approach for expanding into health care. Peloton shares tumble after the fitness company reports a big quarterly loss. California’s checkbooks are finally made public. A decade of trying from a watchdog group shows us what the state is spending taxpayer money on. A new coffee collection is inspired by…
Workers at a New York State Amazon Warehouse Seek to Unionize
August 17, 2022
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NEW YORK—Workers at an Amazon.com Inc. warehouse near Albany, New York, are seeking to unionize, the National Labor Relations Board said in a statement on Tuesday. The Amazon Labor Union—the same independent group that organized a historic union win at another warehouse on New York’s Staten Island in April—petitioned the federal labor board to hold…
Amazon Accuses FTC of Issuing ‘Unfair, Unreasonable’ Demands as Part of Probe Into Prime
Amazon has accused the U.S. Federal Trade Commission (FTC) of making unreasonable and unfair demands as part of the agency’s probe into the company’s Prime membership program, according to a new legal filing. The Jeff Bezos-founded company has been under investigation by the regulator since March 2021 regarding whether or not it makes it difficult for…
Buffett’s Firm Buys More Apple, Amazon While Betting on Oil
OMAHA, Neb.—Warren Buffett’s company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful…
Amazon to Raise Seller Fees for Holidays Amid Rising Costs
NEW YORK—Amazon is raising charges on third-party sellers again—this time adding a holiday fee for merchants who use the company’s fulfillment services to pack and ship items to customers. From Oct. 15 to Jan. 14, sellers will be hit with an average fee of $0.35 per item sold using Amazon’s fulfillment services in the United…
Ahead Of Tesla Share Split, Here’s How Much $1,000 Invested In Amazon, Alphabet Before Their 2022 Stock Splits Would Be Worth Today
Tesla Inc’s shares will begin trading on a split-adjusted basis on Aug. 25. Expectations are that the stock will trade up in the run-up to the split. Incidentally, two other big techs—Amazon.com Inc and Alphabet Inc recently split their shares. Does the post-split trading in these stocks have any read across for Tesla? It could be…
FDA Warns Amazon, Other Vendors About Sale of Skin Tag Removal Products
The U.S. Food and Drug Administration on Tuesday issued warning letters to three companies, including Amazon, for selling unapproved products for removing moles and skin tags. No over-the-counter medications have FDA approval for that purpose, and the Food, Drug, and Cosmetic Act prohibits interstate sale of unapproved drugs and cosmetics. “It is the FDA’s duty…
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