FORT_1170x120_9-15-20

Amazon

Amazon to acquire MGM movie studio

Amazon to acquire MGM movie studio

SEATTLE  — Amazon has agreed to acquire the entertainment company MGM in an $8.45 billion deal. Amazon said that the storied film and television studio, with nearly a century of filmmaking history, will complement its own Amazon Studios unit, which is focused on producing TV show programming. Amazon said it will help preserve MGM’s heritage

Amazon introduces mental health benefit

Amazon introduces mental health benefit

SEATTLE — Amazon on Thursday introduced a new mental health benefit for U.S. employees and their families that includes access to free counseling sessions. “Easy and affordable access to mental health care has become increasingly important as we all continue to navigate different everyday challenges,” said Beth Galetti, Amazon senior vice president of People eXperience

Amazon posts 44% sales increase in first quarter

Amazon posts 44% sales increase in first quarter

SEATTLE — Amazon, a leading beneficiary of the surge in online shopping during the pandemic, on Thursday reported double-digit sales and earnings gains for the first quarter. Net sales increased 44% to $108.5 billion in the three months ended March 31, compared with $75.5 billion in the comparable period in 2020. The increase was 41%

Amazon expands in-garage grocery delivery

Amazon expands in-garage grocery delivery

SEATTLE — Amazon said Tuesday that it is expanding a service that delivers groceries into customers’ garages to every market where its regular grocery delivery service is available. Originally launched in five cities last November, the Key by Amazon In-Garage Grocery Delivery service will now be available in more than 5,000 U.S. cities and towns.

Competition between grocers, Amazon intensifies

NEW YORK — The battle for the future of the grocery business is under way as supermarket retailers invest in their digital capabilities and Amazon continues to roll out its brick-and-mortar food stores. Kroger Co. executives said during the company’s recent virtual investors conference that the company intends to double its digital business by 2023.

Video Forum: Tom Furphy, Replenium

Video Forum: Tom Furphy, Replenium

In this week’s Video Forum, Tom Furphy, a former Amazon executive who played a pivotal role in launching the company’s H&BA and grocery businesses, talks about recent developments at Amazon and the competitive edge it has with Subscribe & Save. Now chief executive officer of Replenium and managing director and CEO of Consumer Equity Partners,

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