Amazon is using the Thursday night games as a vehicle to its lucrative Prime club. As per a source familiar with the matter at hand, Amazon.com Inc has agreed to pay $65 million per year to the National Football League… Read More ›
Amazon
Bayer acquires Nestle’s baby food business head for its consumer health division
Heiko Schipper, 48, is set to join Bayer from March 2018. He will be replacing Erica Mann. Schipper will have to stem the flow of losses from Bayer’s non-prescription drugs business and manage the growing preference by consumers to shop… Read More ›
Amazon set to debut local warehouse in Australia
While the move is likely to positively benefit Australian customers who will now not have to bear the heavy costs of international shipping, the move however is likely to send a shiver down the collective spine of Australian retailers. On… Read More ›
Viacom bids $10.6 billion for Scripps Networks Interactive
While the all-cash deal could potentially downgrade Viacom’s investment grade rating, which is already at the lowest level, it can also act as a cost saving measure and give it more headroom during negotiations with cable and satellite providers. According… Read More ›
FTC probing allegation of Amazon’s deceptive pricing strategy
Advocacy group, Consumer Watchdog has alleged that Amazon’s deceptive pricing strategy is making the prices of its products look like a bargain. It has asked the FTC to stop Amazon’s acquisition of Whole Foods while its deceptive discount continues. According… Read More ›
Glitches causes prices of stocks to appear off on some websites
The prices of these stock on Nasdaq’s website weren’t however affected. In a major glitch stemming from the market data that is largely run on automated markets, the prices of several big names on the Nasdaq listed stock exchange appeared… Read More ›
Dropbox interviewing underwriters for its upcoming IPO
With this bold move, Dropbox is testing the U.S. primary market which of late has seen a lull. Its IPO will be the biggest, from the tech sector, following Snap Inc’s IPO earlier this year. Sources familiar with the matter… Read More ›
Nike’s pilot program with Amazon could lift its global sales by 1%
While Nike has managed to rein in costs, its sales have exceed analysts’ expectation. Nike, the world’s largest footwear manufacturer has disclosed, it would be launching a pilot program with Amazon.com to sell a limited assortments of its wares on… Read More ›
Amazon likely to charge $2.8 million for 30 second ad packages for NFL
Although it is unclear whether Amazon will be able to reach its targeted ads target at its intended price, or whether this effort will generate it any profit, one has to keep in mind that the e-commerce giant has traditionally… Read More ›
FCC moves quickly to replace net neutrality rules
A consortium of internet giants, including Alphabet, Amazon, Facebook and others have made it lucidly clear to the FCC that “the internet industry is uniform in its belief that net neutrality preserves the consumer experience, competition, and innovation online”. In… Read More ›