SEATTLE (AP) — Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families.
Bezos, whose stake in Amazon is worth about $160 billion, says that he'll call it the Bezos Day One Fund. An Amazon.com Inc. spokeswoman confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.
Amazon says it has removed items with Nazi or white supremacist symbols from its website after criticism from advocacy groups.
An Amazon executive said the company blocked the accounts of some retailers and might suspend them.
SEATTLE (AP) — Amazon.com Inc. reported second-quarter profit Thursday of $2.53 billion.
On a per-share basis, the Seattle-based company said it had profit of $5.07.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.
The online retailer posted revenue of $52.89 billion in the period, falling short of Street forecasts. Fourteen analysts surveyed by Zacks expected $53.45 billion.
NEW YORK (AP) — Amazon wants you to deliver its packages for them.
The online retailer launched a new program this week that helps people in the United States start their own businesses delivering Amazon packages. The move gives Amazon another way to ship its packages to shoppers besides relying on UPS, FedEx and other package delivery services.
NEW YORK (AP) — Shoppers will be able to buy any brand of tires on Amazon.com, have them shipped to a Sears Auto Center and then bring in their car to get them installed.
It's the latest deal between Sears and Amazon as the struggling department store operator seeks to boost sales. Last year, Amazon began selling Sears's Kenmore brand of ovens, washers and other appliances.
NEW YORK (AP) — After a ramp-up of hiring last year, Amazon says it will cut a "small" number of positions at its Seattle headquarters.
The Dow Jones industrial average busted through the 20,000 point mark a year ago Thursday, and the century-old index has continued to set records since then, going faster and farther than most experts expected.
The Dow is made up of just 30 stocks that are considered icons of U.S. industry. Many have put up big gains over the last year, but a handful of them have contributed more than half of the 6,000 points the Dow has added in the last year.
SEATTLE (AP) — No cashiers, no registers and no cash — this is how Amazon sees the future of store shopping.
The online retailer opened its Amazon Go concept to the public Monday in Seattle, which lets shoppers take milk, potato chips or ready-to-eat salads off its shelves and just walk out. Amazon's technology charges customers after they leave.
"It's such a weird experience, because you feel like you're stealing when you go out the door," said Lisa Doyle, who visited the shop Monday.
NEW YORK (AP) — Target plans to boost its same-day delivery capability by paying $550 million for Shipt, its latest move to try to catch up with Amazon.
NEW YORK (AP) — Amazon goes into the holiday season with a newly magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets.
NEW YORK (AP) — Amazon will be sorting through 238 proposals from cities and regions in the United States, Canada and Mexico that are hoping to land the company's second headquarters and the investment it'll bring.
NEW YORK (AP) — Online sales have divided retailers into two camps: the quick and the dead.
To that end, Walmart is altering its policies to speed returns, even it means that nothing is returned at all in some cases.
Starting next month through Walmart's app, customers will be able to scan goods they no longer want with their own smartphone and drop it off at a customer service desk.
Walmart's Jet.com will launch a higher-end grocery line targeting millennials, just over a year after Walmart spent more than $3 billion for the fast-growing online retailer amid more intense competition from Amazon.
NEW YORK (AP) — Amazon wants to deliver more burritos and hamburgers to your doorstep.
NEW YORK (AP) — Amazon says it is reviewing its website after a British TV report said that the online retailer recommended purchasing ingredients together that could make a bomb.
Channel 4 News in London said that when it tried to buy certain chemicals on Amazon, the website's "frequently bought together" section suggested products that could help build a bomb.
NEW YORK (AP) — Need some chips fast? Amazon has you covered.
The Seattle-based company launched a service Tuesday that lets Prime members in five cities pick up things like snacks, cold drinks or phone chargers within two minutes of ordering them online. Customers need to head over to an Amazon location to collect their order.
NEW YORK (AP) — Amazon says it is selling debt in order to pay for its $13.7 billion deal to buy organic grocer Whole Foods.
Amazon.com Inc. did not say how much money it plans to raise when it sells the senior unsecured notes, but credit ratings agency Moody's said Tuesday that the company is raising up to $16 billion.