UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares plunged.
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest customer,
Amazon is raising prices on its Music Unlimited plans, coming two months after it added access to Audible's collection of audiobooks.
Amazon is suing an agency in Washington state to prevent the release of some company materials to The Washington Post.
Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Jason Buechel will expand his role to oversee Amazon’s Worldwide Grocery Stores business, including Amazon Go convenience stores and Amazon Fresh physical and online stores, while also continuing to serve as Whole Foods Market CEO.
Amazon's delivery drones are set to return to British skies, nine years after they were first trialled near Cambridge.
For the record, Amazon first announced in September 2023 that ads would be coming to Prime Video. Even if you don’t upgrade your Prime Video plan, any movies or TV shows that you purchase or rent on Prime Video will be ad-free. Amazon added commercials to Prime Video for the same reason most of the other big streamers did: It wants more revenue.
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
A councillor has welcomed Amazon's plans for a town to become the first in the UK to offer deliveries by drone. Darlington Borough Council's deputy leader Chris McEwan said there was a "long journey to travel" but described proposals as "quite interesting and exciting".