Category: Jassy, Andrew R

Amazon to Stop Selling Seven Eyedrops After F.D.A. Warning

The Food and Drug Administration told the online retailer in a letter this week that the products were not approved for sale in the United States.
For Amazon’s Andy Jassy, a Cleanup Job Just Got a Lot Bigger

The F.T.C. accused the internet giant of protecting an online retail monopoly and forcing higher prices onto consumers.
Amazon Posts 11% Rise in Revenue as Growth Improves

The retailer also swung to a profit in the second quarter.
Earnings Season Arrives With Recession Fears Front and Center

Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
The Chatbots Are Here, and the Internet Industry Is in a Tizzy

The New York Times – Business:
The new technology could upend many online businesses. But for companies that figure out how to work with it, A.I. could be a boon.
The Perils of Working on a C.E.O.’s Pet Project

The New York Times – Business:
Big tech companies have long been willing to fund efforts with no obvious payoff. But those groups have been hit hard in recent layoffs.
Amazon Pauses Work on 2nd Headquarters in Virginia

The New York Times – Business:
The delay is the latest reminder that the tech industry’s pandemic-fueled boom has slowed and another indicator of how remote work has changed office-space needs.
Amazon Pauses Work on 2nd Headquarters in Virginia

The New York Times – Business:
The company has been struggling with weak growth and has recently expanded its cost-cutting plans.
Office Mandates. Pickleball. Beer. What Will Make Hybrid Work Stick?

The New York Times – Business:
Hybrid work has been choose-your-own-adventure, but now C.E.O.s are making their choices more permanent.
Investors Await the Market Impact from Tuesday’s C.P.I. Report

The New York Times – Business:
Tuesday’s Consumer Price Index data could hold big clues about the Federal Reserve’s future policy moves.
Tech Earnings Disappoint Investors as Giants Stress Cost Cuts

The New York Times – Business:
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown.
Amazon Reports Almost No Profit and Slowing Growth

The New York Times – Business:
The company indicated the slowing growth and tight margins would continue in the first three months of this year.