The online retailer said that a shadowy organization bribed Amazon employees to help carry out fraudulent returns of expensive electronics, luxury goods and gold.
Category: United States
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Check Fraud Is Rising and the Thieves Are Winning
Although check usage has declined in the last couple of decades, check fraud has risen sharply, creating a problem for banks — and customers trying to pay their bills.
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Artificial Intelligence Experts Agree That It Needs Regulation. That’s the Easy Part.
Participants in a task force on artificial intelligence at the DealBook Summit grappled with how to balance oversight of the technology with innovation.
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The Clock is Ticking on Improving China-U.S. Relations, Experts Say
Participants in a task force at the DealBook Summit said President Xi seemed ready to expand economic relations. But for how long?
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JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
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Scientists in Discredited Alcohol Study May Advise U.S. on Drinking Guidelines
Two researchers with ties to beer and liquor companies have been named to a panel that will review the health evidence on alcohol consumption.
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Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears
American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
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Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
Black Friday weekend had a decent turnout for retailers, but it’s unclear if the rest of the season will deliver for the industry.
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Red Lobster’s Popular Endless Shrimp Deal Ate Into Its Profits
The all-you-can-eat deal contributed to an $11 million quarterly operating loss.
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Shein, the Fast-Fashion Giant, Is Said to Have Filed for an I.P.O.
The retailer, founded in China, filed confidentially to take the company public in the U.S., a person familiar with the plans said.
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U.S. Gas Prices Drop Ahead of Thanksgiving Travel
With OPEC Plus members in disarray over production levels, oil prices have fallen nearly 20 percent in three months.