Tagged: Amazon

Amazon to Launch Delivery Service

Amazon.com Inc. is preparing to launch a delivery service for businesses, positioning it to compete directly with United Parcel Service Inc. and FedEx Corp. Dubbed “Shipping with Amazon,” or SWA, the new service will entail...

Bezos’ Net Worth Tops $105 Billion

Jeff Bezos’s net worth reached $105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57 percent.Amazon shares have...

Amazon is a big winner this earnings cycle

For all the hand-wringing about how Amazon.com Inc.’s growth aspirations may hurt other companies, there’s plenty of evidence in third-quarter earnings results that the online retailer isn’t alone in benefiting from robust economic growth. Amazon blew through forecasts Thursday, triggering...

Alibaba vs Amazon: The race to $500 billion

Amazon has had a good year, but Alibaba has had an even better one – and it’s now within striking distance of surpassing Amazon as world’s biggest ecommerce company by market cap. Amazon (AMZN)...