Amazon.com Inc. on Tuesday defeated a proposed class action lawsuit on behalf of nearly 7,000 workers in California that claimed the company should have reimbursed employees who worked remotely during the COVID-19 pandemic for home office expenses. U.S. District Judge Vincent Chhabria in San Francisco said the named plaintiff, David Williams, failed to show that…
Amazon Worker Loses Bid for California Class Action Over Remote Work Expenses
Amazon Pauses Headquarter Construction in Virginia After Revenue Losses
Amazon has decided to pause construction activities at its second headquarters in Arlington, Virginia, following a poor 2022 financial performance that saw the company register over $2 billion in losses. The Seattle-based e-commerce giant is developing its Arlington base, HQ2, in two phases—the Met Park and PenPlace. The company has decided to pause construction in…
Capitol Report: CPAC Speakers on the State of the GOP; White House Defends Biden’s Decision to Block DC Law
Speakers at CPAC address the state of the Republican Party. Many are hoping for more unity among their GOP colleagues. The White House defends President Joe Biden’s support for GOP-led efforts to reverse softer D.C. crime laws. But some Democrats voice dismay as debates on D.C. statehood intensify. Congressional Republicans are yet again at the…
Amazon Closes $3.9 Billion Buyout of Health Company One Medical
NEW YORK—Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical. The e-commerce giant has said the buyout, which was announced in July, is a key component of its growing health care business, which includes its online drugstore Amazon Pharmacy and a patient to doctor messaging service called…
Amazon Censors Criticism of China
February 23, 2023
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Commentary Amazon is concerning a group of authors and publishers highly critical of the Chinese Communist Party (CCP). The company, headquartered in Seattle and Arlington, does extensive business with China, from which it sells vast quantities of imported products in its core markets of the United States, Europe, and Japan. According to EcomCrew, over 63 percent…
NTD Business (Feb. 22): White House May Give WHO Power Over US Pandemic Rules; SCOTUS Hears Case About Twitter Content
Tech giant Intel is trying to save cash—cutting its dividend payout to its lowest level in years. Amazon closes a deal to buy health care provider One Medical for billions of dollars, a key step in growing its presence in the health care industry. Twitter has been accused of aiding and abetting terrorist organization ISIS. The…
Amazon Asks Employees to Be in Office at Least 3 Days a Week
Amazon.com Inc. would require employees to be in office at least three days a week from May 1, the e-commerce giant said on Friday. The COVID-19 pandemic had altered the workplace, with companies sending employees home to work remotely. Even as lockdowns eased around the world, a large population of employees remains remote or in…
Amazon Rises Seller Fees Amid Slackening Sales, Rising Costs
Amazon has dealt with slowing sales growth and rising costs, by increasing sellers fees for the nearly 2 million small businesses that distribute their products on its website. Sellers on Amazon have been paying more every year on fees as a percentage of their sales, but not because sellers were using more services. The online retailer…
Amazon Raises Seller Fees Amid Slackening Sales, Rising Costs
Amazon dealt with slowing sales growth and rising costs by increasing seller fees for the nearly 2 million small businesses that distribute their products on its website. Sellers on Amazon have been paying more every year on fees as a percentage of their sales, but not because sellers were using more services. The online retailer has…
Amazon Posts Biggest Annual Loss on Record, Poor Fourth-Quarter Sales
The stock price of retail and tech giant Amazon dropped in late trading on Feb. 2 after the company posted a mixed bag of results for the fourth quarter, reporting its first unprofitable holiday period since 2014. The Jeff Bezos-headed company on Thursday reported a net income of $278 million for the quarter, or $0.03 per…
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