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Amazon Might Have Competition for Whole Foods
Amazon Might Have
Competition for Whole Foods
The Rundown
Jun 20, 2017 2:32 PM CDT

Amazon Might Have Competition for Whole Foods

Experts believe another bid for the grocery chain is likely

(Newser) - Not so fast, Amazon. The tech giant's $13.7 billion acquisition of Whole Foods made headlines last week, but the Los Angeles Times reports it may not be as done a deal as previously believed. Amazon agreed to pay $42 per share for the grocery chain, but those shares...

In Its Biggest Deal by Far, Amazon to Buy Whole Foods
In Its Biggest Deal by Far,
Amazon to Buy Whole Foods
the rundown
Jun 16, 2017 8:17 AM CDT

In Its Biggest Deal by Far, Amazon to Buy Whole Foods

$13.7B deal announced Friday

(Newser) - Amazon on Friday announced it is buying Whole Foods in its biggest deal by far: one valued at about $13.7 billion, including debt, reports the AP . Amazon will pay $42 per share of Whole Foods in a deal that is targeted to close in the second half of 2017....

Amazon Just Made a Major Play for Walmart Customers

Company offers discounted Prime memberships to low-income customers

(Newser) - Amazon figured out a great way to appear altruistic while also taking a shot at its biggest competitor, announcing a discounted Prime member for low-income Americans on Tuesday. Yahoo reports the 45% discount lowers the cost of Prime, which bestows free two-day delivery, to $5.99 for anyone with an...

Just One of 10 Most Valuable Brands Isn't American

Nice job, Tencent

(Newser) - Bragging rights for the world's most valuable brands are usually controlled by US companies, but in this year's ranking by BrandZ , one of China's own cracked the top 10, CNN reports. Tencent, which makes online games, apps, and other digital add-ons, rode on the coattails of its...

Walmart Takes on Amazon With New Delivery Scheme

Company tests plan in which employees drop off orders on their way home

(Newser) - Walmart is now fully in the e-commerce ring with Amazon in a fight that is decidedly giant versus giant. And to try to gain an edge, the retailer behemoth is testing a new scheme: having employees drop off packages to customers on their way home, reports Quartz . The idea is...

Amazon Just Beat Alphabet to Major Milestone

Retail giant's stock slides over $1K mark

(Newser) - Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper, and TVs, hit a new milestone on Tuesday as its stock topped $1,000 for the first time. That price puts Amazon's market value at about $478 billion, reports the AP , double...

Amazon CEO Jeff Bezos' Big Idea Was Bananas

Tech giant gives away thousands of free bananas every day

(Newser) - There's always money in the banana stand . Unless you're Amazon, of course. Then you just give those suckers out for free. The tech giant tells the Wall Street Journal it gives away about 8,000 bananas to employees and hungry passersby every weekday from two stands at its...

Woman Regrets Buying Weed Grinder to Grind Her Rosemary

The confused Amazon shopper left a one-star review

(Newser) - It's important we not lose focus on the victims of marijuana legalization: home chefs. Metro reports a woman looking for a kitchen accessory to grind rosemary accidentally bought a device to grind marijuana instead. And she was none too pleased in her one-star review, saying "the rosemary just...

Amazon Is Putting a Homeless Shelter in Its New HQ

The move is being called the company's 'biggest philanthropic venture to date'

(Newser) - Amazon has announced what the Seattle Times is calling its "biggest philanthropic venture to date." Inside an office building at its new Seattle headquarters will be 47,000 square feet of space dedicated to a homeless shelter known as Mary's Place. Since April 2016, Amazon has allowed...

Amazon Unveils an Echo With a Screen

The Echo Show was unveiled Tuesday

(Newser) - It was recently reported Amazon wanted its new Echo product to look at you ; now it wants you to look at its even newer Echo. The Verge reports Amazon unveiled the $229.99 Echo Show on Tuesday. Like the original Echo, the Echo Show has a voice-controlled assistant named Alexa...

10 Highest Paying Internships in US
Here, Interns Can
Earn $96K a Year
May 2, 2017 11:17 AM CDT

Here, Interns Can Earn $96K a Year

Facebook's interns are a lucky bunch

(Newser) - Contrary to popular belief, it is possible to keep a rewarding internship and a roof over your head . If you're prepared for a fight, you can find a great internship that also pays well—$8,000 per month in the case of Facebook. Here are the companies offering the...

Jeff Bezos&#39; Magic Number Is $990
Jeff Bezos'
Magic Number
Is $990
Apr 28, 2017 10:14 AM CDT

Jeff Bezos' Magic Number Is $990

If Amazon shares hit that, and they're close, he'll be world's richest

(Newser) - The world's No. 2 richest man took a big step toward the No. 1 slot Thursday. With Amazon shares reaching as high as $965 in after-hours trading (up nearly $50 from the close) on the news that sales may beat estimates for the quarter, Jeff Bezos' fortune was set...

Would You Put an Amazon Camera in Your Bedroom?

Introducing the new Echo Look

(Newser) - Amazon wants you to install a WiFi-connected camera in your bedroom, bathroom, or wherever you regularly get dressed. You read that correctly. CNBC reports the idea of the newly announced Echo Look was so weird the site originally thought it was a joke. Amazon is billing the Echo Look as...

Are Amazon and Netflix Preventing the Next Tarantino?

Weighing the risks and rewards of the new kings of independent film

(Newser) - The Hollywood studio system being what it currently is—hope everyone's excited for the eighth Fast and Furious installment this Friday—it's unlikely Reservoir Dogs would have been able to secure theatrical distribution in 2017. But that wouldn't be its only option in the modern world. Quentin...

Amazon Employee Nearly Kills Internet With Typo

A loss of Amazon cloud services reportedly cost companies $150M

(Newser) - The internet came crashing down Tuesday due to a single typo made by an Amazon employee in Virginia, the Wall Street Journal reports. According to CNN , the employee was trying to fix a problem with the S3 billing system. S3 is part of Amazon Web Services, which hosts hundreds of...

Amazon Defends Alexa's 1st Amendment Rights in Murder Case

Police want recordings from the suspect's Amazon Echo

(Newser) - Does Alexa have First Amendment rights? That's one of the questions at the heart of a legal battle between Amazon and Arkansas police. Victor Collins was found dead in James Bates' hot tub back in 2015, and Bates has been charged in his friend's murder. Believing an Amazon...

Amazon Announces 100K New US Jobs
Amazon Announces
100K New US Jobs
Jan 12, 2017 12:35 PM CST

Amazon Announces 100K New US Jobs

Mostly working in warehouses or answering phones

(Newser) - Amazon is creating 100,000 new full-time jobs in the US, mostly for positions answering phones or working in warehouses, over the next year and a half, CNN reports. That will bring the company's total workforce up to 280,000. Amazon made the announcement Thursday, and the Trump team...

Families Can Soon Use Food Stamps for Online Groceries

The USDA is rolling out a pilot program this summer

(Newser) - Families who rely on food stamps may not be left out of the future of grocery shopping after all. A US Department of Agriculture pilot program will allow Americans in certain areas to use their food stamps at Amazon, FreshDirect, and other online grocery stores, Mashable reports. The program is...

Run-DMC Sues Amazon and Walmart for $50M

Darryl 'DMC' McDaniels says retailers are infringing on their trademark

(Newser) - You know what they say about trademark law: It's tricky, tricky, tricky. Reuters reports Run-DMC founder Darryl "DMC" McDaniels filed a lawsuit Thursday in New York seeking at least $50 million from Amazon, Walmart, and a number of other retailers. The lawsuit accuses the retailers of infringing on...

Amazon May or May Not Be Building a Floating Warehouse

Company receives patent for 'airborne fulfillment center'

(Newser) - Amazon has received a patent for what one tech analyst calls the "Death Star of e-commerce": a floating warehouse hovering more than 8 miles above the ground and "spitting out delivery drones." The "airborne fulfillment center" could station itself above an event, such as a sports...

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