Tag: Amazon

FedEx Ground to begin year-round Sunday home deliveries

Jan. 22 (UPI) — FedEx announced Wednesday that it will begin making home package deliveries on Sunday for most U.S. homes. The company began FedEx Ground Sunday deliveries during the most recent peak holiday season but will now provide weekend deliveries for “the majority of the U.S. population” year-round. “This provides added value to e-commerce shippers throughout the U.S. and the 188 million online shoppers in 7,700 cities and towns where FedEx Home Delivery packages are delivered on Sundays,” Raj Subramaniam, president and CEO of FedEx, said. “As more customers expect weekend delivery, this enhancement to our network means that ... Read more

Silicon Valley’s Big Apple Gambit

Last month, Representative Alexandria Ocasio-Cortez (D-NY) took a well-deserved victory lap after Amazon announced it would be opening new corporate offices in New York City, months after it pulled out of opening a second headquarters in the area. Local leaders criticized the $3 billion in subsidies (at least) Amazon stood to gain for locating the headquarters, known as HQ2, in Long Island City, Queens, near AOC’s district. The new offices, while bringing fewer jobs to New York (about 1,500 compared with an estimated 25,000 in HQ2), will not cost the city anything in economic-development subsidies. Amazon begged off any of ... Read more

Amazon executives defend Ring over security, privacy concerns – Axios

Background: Ring, which makes internet-connected doorbells and other connected “smart home” devices, has been criticized for both the security of its products and its Neighbors app, which allows first responders to request footage from camera owners. What they’re saying: “I don’t think any of the concerns I saw were reasonable,” Ring CEO Jamie Siminoff told Axios in an interview at CES. “What we are doing is a good, beneficial thing.” Siminoff said the company has helped reunite kidnapped children with their families, recover lost pets and get guns off the street. Amazon senior vice president Dave Limp also pointed to ... Read more

Company tax incentives don’t spur economic growth – Axios

More than two years after Amazon announced its search for a second headquarters and cities around the U.S. bent over backwards to offer the megacompany as much free cash and incentives as they could, new research confirms what economists have been saying for years: Such programs are a waste of money. Driving the news: A paper from researchers at Princeton and Columbia Business School found “no evidence” that business tax incentives given to individual companies increased broader economic growth at the state and local level. Why it matters: It’s not just Amazon’s highly publicized HQ2 that has attracted massive tax ... Read more

Amazon journey: One man’s evolution from logger to protector

Mark Baker’s appreciation for nature runs deep, but he hasn’t always championed the Amazon rainforest’s rugged beauty. For eight years, he owned a lumber company, chopping down rare tropical trees from the Amazon to sell to customers across the United States. But as he noticed the bird chorus in the forest had grown quieter, came across more and more cleared areas, and witnessed illegal timber exportation, Mr. Baker says, “I couldn’t do it anymore.” For the past three decades, he’s fashioned himself a sort of protector of the Amazon. Leveraging his own personal transformation, Mr. Baker founded an ecotourism company ... Read more

From Epstein To Amazon, Ricky Gervais Torches Hollywood At Golden Globes

“Let’s have a laugh at your expense, shall we?” So said Ricky Gervais to a room full of Hollywood insiders, presaging what turned out to be a particularly searing opening monologue at the Golden Globes on Sunday. It was Gervaisian through and through, cheeky, cutting, with little regard for the egos of powerful celebrities. (He even mistook Joe Pesci for Baby Yoda.) From Gervais, it was exactly what we’ve come to expect. But in the 11 years since he first hosted the Globes in 2009, felt somehow more cathartic, more necessary, and more daring. Appropriately, the comedian knocked the Academy ... Read more

When all companies became tech companies – Axios

Data: FactSet; Chart: Axios Visuals. Tech companies dominated the 2010s, with the FANG stocks (Facebook, Amazon, Netflix, Google) helping the S&P 500 return more than 350% over the course of the decade. The index would have done even better had it included Domino’s Pizza, which is also a tech company. Why it matters: These companies don’t look like the tech firms of earlier decades. They don’t manufacture computer hardware; neither do they sell software. They don’t even make high-tech planes, like Boeing, or high-tech cars, like Tesla. All these companies are in very mature industries. In terms of where they ... Read more

Apple, Microsoft, Amazon, Alphabet now worth combined $4 trillion — Quartz

Last year, it was a big deal when Apple became the first listed company to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year. In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple’s market capitalization comfortably back above the trillion mark. Long-time rival Microsoft got there first, in fact, and both now sit at around $1.3 trillion in valuation. Together, they added a whopping $970 billion ... Read more

Amazon’s year of turbulence – Axios

Amazon hit new highs. The company briefly crossed a trillion dollars in value, becoming the second company to do so after Apple. It broke ground on a new headquarters in D.C. And it crossed 100 million Prime members in the U.S. This Cyber Monday was Amazon’s highest volume day ever. But the tech giant made plenty of enemies along the way. Amazon is fighting with President Trump, who has turned the firm into a frequent Twitter target. It’s suing the Pentagon over a $10 billion dollar defense contract. It has been singled out more than any other company by 2020 ... Read more

Lawsuit accuses Ring, Amazon of failing to secure cameras

Dec. 27 (UPI) — An Alabama man has sued Ring and the home security camera-maker’s parent company, Amazon, accusing them of failing to protect their products from hacking. The lawsuit, filed Thursday in federal court in California, stems from an incident in which a hacker accessed John Baker Orange’s Ring camera and used it to interact with his three children playing basketball in the driveway. Orange said the hacker encouraged his children to move closer to the camera. The lawsuit says that though Ring promises customers “peace of mind,” the cameras “fail to deliver on its most basic promise.” “Lax ... Read more