Amazon has record holiday amid spending splurge by consumers
Consumers seemed to be merry this year despite a stock market that has tumbled, a government shutdown that is entering its fifth day and ongoing trade tensions with China.
Consumers seemed to be merry this year despite a stock market that has tumbled, a government shutdown that is entering its fifth day and ongoing trade tensions with China.
Jeff Bezos boldly predicted five years ago that drones would be carrying Amazon packages to people's doorsteps by now. Amazon customers are still waiting.
You don’t have to read between the lines of Amazon’s recent HQ2 decision to determine that Indianapolis’ tech talent pool, while strengthening, is still far below the major-league level.
Amazon stands to get nearly $2.5 billion in tax breaks and other incentives as part of its deals to open up two new East Coast offices and an operations hub in Tennessee.
Indianapolis is known as the Crossroads of America, but a site-selection expert said Amazon didn’t tell local officials that it was considering creating a 5,000-worker logistics and operations hub. Amazon has picked Nashville, Tennessee, for the hub, which will be the largest economic development deal in the state’s history.
The sites in Long Island City, Queens, and in Arlington, will be a boon for the New York and Washington, D.C., metro areas and highlight Amazon’s willingness to target big labor pools with pricey payroll over smaller markets offering lower costs of living.
The communities reportedly chosen to become homes to a pair of big, new East Coast bases for Amazon.com are both riverfront stretches of major metropolitan areas with ample transportation and space for workers.
The e-commerce giant is expected to announce the decision as early as Tuesday, The Wall Street Journal reported Monday night. Indianapolis had been a top 20 finalist out of 238 that bid for the site.
Amazon.com Inc. will separate its proposed second headquarters into two locations, and is close to deals with both sites, The New York Times reported Monday.
The online retail giant plans to divide the $5 billion HQ2 project between two locations, The Wall Street Journal said, citing a person familiar with the matter. The two cities will end up with about 25,000 workers each.
Such a decision would leave Indianapolis and 18 other finalists out of the running for the giant economic development prize.
The company said Wednesday that some adjustments are being made this week, and workers who already made $15 an hour will get more than the $1-an-hour raise promised last week.
The e-commerce giant plans to occupy a 615,440-square-foot building on a 75-acre site along Allen Road near Interstate 65.
Amazon's announcement that it would raise its hourly minimum wage to $15 has been seen as a victory for workers. But some longtime employees say their compensation could fall by thousands of dollars per year.
The retail behemoth will begin paying a minimum wage of $15 per hour in November, but local non-Amazon employers say they have strategies of their own for attracting and retaining workers.
In Indiana, the company operates seven fulfillment or sorting facilities and a Prime Now hub and is considering building a 1,250-worker distribution center in Greenwood.
The mysterious company that is considering building an $80 million distribution facility in Greenwood and creating 1,250 full-time jobs was revealed Monday night during a city council meeting.
As the world’s second-most-valuable public company weighs tax breaks and other goodies offered by 20 eager suitors, it stands accused of being a corporate welfare leech that should be giving the government and workers more rather than milking taxpayers.
Amazon stands out for its success in offloading its power costs and also because it dominates America’s cloud business, which has gone from nonexistent to using 2 percent of U.S. electricity in about a decade.
The move represents a formidable challenge to pharmacy chains including Walgreens Boots Alliance Inc. and CVS Health Corp., the two largest drugstore chains in the United States.