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Keyword: amazon

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  • Sears files for bankruptcy protection; Eddie Lampert steps down as CEO

    10/15/2018 4:31:14 AM PDT · by DCBryan1 · 67 replies
    CNBC ^ | 15 OCT 18 | Lauren Hirsch | Lauren Thomas
    Sears Holdings filed for bankruptcy protection early Monday after years of staying afloat through financial maneuvering and relying on billions of CEO Eddie Lampert's own money. The company also announced that Lampert will be stepping down as CEO, effective immediately, although he remains its chairman. The 125-year-old retailer, once the nation's largest, said Monday it was appointing Mohsin Meghji, managing partner of M-III Partners, as its chief restructuring officer. As part of the bankruptcy, Sears will shutter 142 stores toward the end of the year. It expects to begin liquidation sales shortly. The bankruptcy filing comes more than a decade...
  • Billionaire Minecraft creator Markus Persson says the Left has "literally been taken over by evil."

    10/10/2018 6:39:33 AM PDT · by E. Pluribus Unum · 26 replies ^ | 8:13 AM - 4 Oct 2018 | Notch (aka Markus Persson)
  • Break up Amazon before it does any more damage to America

    10/10/2018 9:54:11 AM PDT · by SoFloFreeper · 62 replies
    NY POST ^ | 10/9/18 | Maureen Callahan
    ....Author, entrepreneur and NYU business professor Scott Galloway has emerged as one of Amazon’s fiercest critics. At last month’s Recode Code Commerce, Galloway gave a 45-minute talk on the future of retail that savaged Amazon and warned of the threats the company poses not just economically but philosophically and morally. “I believe our society is effectively going through this very uncomfortable transition that is bad for our youth, bad for America and bad for the planet where we no longer worship at the altar of character and kindness,” he said. “We worship at the altar of innovators and billionaires.” In...
  • One of Bloomberg’s sources told them Chinese spy chip story “didn’t make sense”

    10/09/2018 10:51:07 AM PDT · by Swordmaker · 10 replies
    9 to 5 Mac ^ | Oct. 9th 2018 2:01 am PT | Ben Lovejoy
    Bloomberg said that its sources were key to its decision to run the Chinese spy chip story, the site writing that ’17 people confirmed the manipulation of Supermicro’s hardware and other elements of the attacks.’ However, one of the named sources – a security researcher who seemingly backed the claims – has said that his comment was taken out of context, and he actually told the site that what it was describing to him “didn’t make sense” … Hardware security expert Joe Fitzpatrick was quoted in the piece saying “the hardware opens whatever door it wants.” But speaking on the...
  • Amazon is funding an extremist UK charity whose founder supports child marriage and stoning [TR]

    10/09/2018 12:23:36 AM PDT · by beaversmom · 12 replies
    Voice of Europe ^ | October 8, 2018 | Voice of Europe
    Amazon has approved funding for an Islamic extremist British charity called The Muslim Research and Development Foundation, through its Amazon Smile programme, The Times reports. The charity (MRDF) which according to the government’s counter-extremism commissioner Sara Khan, is the “main Salafist organisation in the UK”. It was founded and formerly chaired by Haitham al-Haddad, a 52 year old Saudi Islamic scholar. Khan also stated, “Haitham al-Haddad’s views are misogynistic, racist and homophobic. They promote a supremacist ‘us versus them’ world view that wrongly makes Muslims feel that they can’t be fully British.” In addition he has also been described as...
  • REVEALED: Amazon is under federal investigation for selling goods to someone on the terrorism(trunc)

    10/08/2018 8:13:00 PM PDT · by MtnClimber · 24 replies
    Amazon has admitted it sold goods to a person named on the US government's list of people and entities associated with terrorism. The company is also under federal investigation for possible violations of US sanctions against Iran The company disclosed the information in their quarterly financial report Friday...... In its July 28 regulatory filing, Amazon also noted it made other sales that could have violated the Iran Threat Reduction and Syria Human Rights Act, other export-control laws or US sanctions, according to Silicon Beat. The US Department of the Treasury and the US Department of Commerce is investigating the sales...
  • Vanity: Amazon's The Man in the High Castle Season 3

    10/08/2018 3:28:37 PM PDT · by Dr. Sivana · 33 replies
    self ^ | 10/8/2018 | self
    ONE MINOR AND VAGUE SPOILER ALERT Not having a television was meant to be a discipline to force me to limit my watching to good DVDs and suitable streaming content. Over the years the streams got cheaper and better, and I was already a member of Amazon Prime, so I decided to try “The Man in the High Castle”, as I found the premise intriguing. Despite occasional profanity and explicit bedroom material, and one stupid episode in Season 2 (“The Nazis on LSD” episode), I stuck with it, and even read the book. I had thought that the producers, directors...
  • Amazon's HQ2 Could Be Silicon Valley 2, For Better Or Worse

    10/08/2018 8:05:12 AM PDT · by SeekAndFind · 14 replies
    Forbes ^ | 10/08/2018 | Pete Saunders
    Thirteen months into the international derby that is the Amazon HQ2 selection process, it seems the end of the sweepstakes is near. What's happened? What have we learned? What's next? It's been a dizzying year-plus for the giant online retailer. Amazon received 238 proposals last November from cities across North America, each wanting a crack at attracting upwards of 50,000 high-paying tech jobs that could send a local economy on an entirely different trajectory. Twenty finalists were announced last January, and Amazon began its due diligence in earnest. With limited information reaching the general public, speculation on the selected metro...
  • Industry Reactions to Chinese Spy Chips: Feedback Friday

    10/05/2018 10:48:15 AM PDT · by bitt · 8 replies
    security week ^ | 10/5/2018 | Eduard Kovacs
    Bloomberg reported this week that the Chinese government planted tiny chips in Super Micro servers to spy on Amazon, Apple and tens of other important organizations in the United States. The spy chips allegedly made it into devices made by California-based Super Micro after Chinese agents masquerading as government or Super Micro employees pressured or bribed managers at the Chinese factories where the motherboards are built. Once the chips were planted, they would reportedly allow attackers to remotely access the compromised devices. According to Bloomberg, the operation was conducted by the Chinese military and it targeted over 30 organizations, including...
  • Apple official statement: What Bloomberg Businessweek got wrong about Apple

    10/05/2018 5:57:45 PM PDT · by Swordmaker · 10 replies
    MacDailyNews ^ | October 5, 2018 | Apple
    Apple today released the following statement, verbatim: The October 8, 2018 issue of Bloomberg Businessweek incorrectly reports that Apple found “malicious chips” in servers on its network in 2015. As Apple has repeatedly explained to Bloomberg reporters and editors over the past 12 months, there is no truth to these claims.Apple provided Bloomberg Businessweek with the following statement before their story was published:Over the course of the past year, Bloomberg has contacted us multiple times with claims, sometimes vague and sometimes elaborate, of an alleged security incident at Apple. Each time, we have conducted rigorous internal investigations based on their...
  • Chinese spy chips are found in hardware used by Apple, Amazon, Bloomberg says; Apple, AWS say no way

    10/04/2018 7:22:17 AM PDT · by BenLurkin · 38 replies
    cnbc ^ | Kate Fazzini
    The chips, which Bloomberg said have been the subject of a top secret U.S. government investigation starting in 2015, were used for gathering intellectual property and trade secrets from American companies and may have been introduced by a Chinese server company called Super Micro that assembled machines used in the centers. Apple, AWS and Super Micro dispute the report. Apple said it did not find the chips as asserted by BusinessWeek — which cited anonymous government and corporate sources. Super Micro reportedly denied that it introduced the chips during the manufacturing. … China has long been suspected — but rarely...
  • The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies

    10/04/2018 11:21:15 AM PDT · by Zhang Fei · 73 replies
    Bloomberg | October 4, 2018, 4:00 AM CDT | Jordan Robertson and Michael Riley
    Bloomberg link only.
  • Chinese spy chips are found in hardware used by Apple, Amazon, Bloomberg says; Apple, AWS say no way

    10/04/2018 4:38:15 AM PDT · by cba123 · 31 replies
    CNBC ^ | 1 hour ago | Kate Fazinni
    Data center equipment run by Amazon Web Services and Apple may have been subject to surveillance from the Chinese government via a tiny microchip inserted during the equipment manufacturing process, according to a Bloomberg BusinessWeek report on Thursday. The claims in the report have been strongly disputed by the technology giants. -- Just noticed this, thought I would post this. Not yet clear, whether this report is accurate. I don't trust Bloomberg, but then again I greatly suspect China. So we will see.
  • Amazon's Minimum Wage Hike: Heartfelt Activism, Or Crass Political Opportunism?

    10/04/2018 8:26:52 AM PDT · by SeekAndFind · 43 replies
    IBD ^ | 10/04/2018
    Amazon, the massive online retailer, announced with great fanfare that it will raise its minimum wage to $15 an hour, and will encourage others across the nation to do the same. Is it unselfish public-mindedness, or political and competitive pressures that's behind the move? Sorry, Jeff Bezos, but we don't buy the social justice talk anymore. Anytime a multi-billion dollar corporation begins talking about social issues, check your wallet. And then look at who's pressuring them. That's certainly the case with Amazon, which on Tuesday announced the minimum wage hike. "We listened to our critics, thought hard about what we...
  • Some Amazon employees say they will make less after the raise

    10/03/2018 11:49:00 AM PDT · by Hojczyk · 43 replies
    Yahoo Finance ^ | October 3,2018 | Krystal Hu
    Amazon’s decision to raise workers’ minimum wage to $15 per hour was welcome news, But for some Amazon employees, the excitement didn’t last very long as they learned that existing financial incentives and bonus programs, including stock and monthly bonuses, that usually boost paychecks will be eliminated starting November 1. Several Amazon warehouse workers in the U.S., who spoke to Yahoo Finance on the condition of anonymity fearing reprisals, talked about how the change will negatively affect them. After the removal of these perks, some workers said they will be making less. Most of the workers who voiced concerns have...
  • #MeToo-Themed College Comedy Series From Whitney Cummings & Lee Daniels In Works At Amazon

    10/02/2018 2:45:45 PM PDT · by EdnaMode · 11 replies
    Deadline ^ | October 2, 2018 | Nellie Andreeva
    2 Broke Girls co-creator Whitney Cummings has teamed with Empire co-creator Lee Daniels for a timely half-hour comedy, which is in development at Amazon. The untitled project, co-created by Cummings and Daniels and starring Cummings, hails from Fox 21 TV Studios and Amazon Studios. Co-written by Cummings and Daniels, the comedy revolves around the staff of the Ombudsman’s office at a college that navigates PC culture and the #metoo climate. The lead character, played by Cummings, must reconcile the dissonance between different generations of feminism, and the struggle to reconcile our primal desires, and socially constructed identities with current ethical...
  • Amazon to Raise Minimum Hourly Wage to $15 for All U.S. Workers

    10/02/2018 7:52:00 AM PDT · by Theoria · 32 replies
    The New York Times ^ | Oct 02 2018 | Karen Weise
    Even Amazon can get squeezed by political pressure and a tight labor market. The online giant on Tuesday said it would raise the minimum wage to $15 an hour for all of its United States workers. It said the pay increase would include part-time workers and those hired through temporary agencies. The company said it would also lobby Washington to raise the federal minimum wage. Amazon said the new wages would apply to more than 250,000 Amazon employees, including those at the grocery chain Whole Foods, as well as the more than 100,000 seasonal employees it will hire for the...
  • Dow jumps more than 250 points after the US and Canada secure a deal to replace NAFTA

    10/01/2018 8:34:29 AM PDT · by Red Badger · 73 replies
    CNBC ^ | 10/01/2018 | Fred Imbert
    Stocks rose sharply on Monday as investors cheered news of Canada joining a trade deal with the United States and Mexico. The Dow Jones Industrial Average rose 264 points as American Express and Boeing outperformed. The S&P 500 gained 0.8 percent, led by 1 percent jumps in materials and industrials. The Nasdaq Composite advanced 0.7 percent as Amazon and Apple both climbed more than 1 percent. "The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," said Mike Bailey, director of research at FBB Capital Partners. Bailey noted, however, the market may...
  • Amazon's HQ2 Going to a City You've Never Heard of, Site Claims

    09/20/2018 9:01:36 AM PDT · by Hostage · 50 replies
    Newsmax (ugh) ^ | 19 September 2018 | Bill Hoffmann
    The site, founded by best-selling author/researcher Bert Sperling, claims that Amazon – a company whose stock surpassed $1 trillion in valuation earlier this month -- will put its roots down in a relatively remote area of Northern Virginia known as Oatlands. If that name doesn’t exactly ring a bell, don’t feel badly. Oatlands is a leafy, unincorporated community just outside Leesburg, Va. -- and Leesburg itself only has about 52,000 residents. “We can now confidently say that the new Amazon HQ2 will be located … in Northern Virginia near the Maryland border, in a small community that hasn’t been mentioned...
  • Future Wealth: Why Amazon Will Launch Its Own Cryptocurrency

    09/19/2018 9:26:20 AM PDT · by SeekAndFind · 7 replies
    Townhall ^ | 09/19/2018 | Jeff Brown
    In recent years, Amazon has reshaped entire industries with its innovations in e-commerce and its acquisitions of retail stores like Whole Foods. Today, Jeff Brown, Townhall Media’s Official Wealth Creation Expert, shows why Amazon may soon take an unprecedented step into cryptocurrencies. And as an investor, this is a development that should be on your radar. Most investors missed it… And the mainstream media, as far as I know, never even reported on it… But while Wall Street remains fixated on the ups and downs of bitcoin, something unusual is playing out behind the scenes in the blockchain industry. And...