Amazon.com Inc

NASDAQ:AMZNUnited States

Yesterday

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• DJ Amazon to Build $1.3 Billion Top-Secret Cloud for Australia's Government, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: AMZN
  
  By Mike Cherney
  
  SYDNEY--Amazon's cloud-computing business will build a top-secret cloud for Australia's government, improving the key U.S. ally's ability to share and analyze information and boost the resilience of its defense communications.
  

• DJ Amazon's Low-Price Channel to Have Limited Impact on Temu Near Term -- Market Talk, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: AMZN, PDD
  
  0333 GMT - Amazon's planned rollout of a sales platform for cheap Chinese goods is unlikely to have a big impact on PDD's bargain shopping app Temu in the near term, Jefferies analysts say. Citing an expert they spoke with, the analysts note that Amazon's new service is in the early stages of development and expected to take a few months to garner merchant participation, promotion and warehousing. The U.S. company's new channel will also likely have limited product categories, and constraints on product prices and weight, limiting the initial impact on competitors like Temu, Jefferies cites the expert as saying. Temu could also take potential counter-measures to protect its market position, including improving merchants' profitability, product traffic and operations support, Jefferies adds. (tracy.qu@wsj.com)
  

• DJ Neiman Marcus to Be Acquired by Saks Owner HBC: Report -- Barrons.com, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: AMZN, CRM
  
  By Sabrina Escobar
  
  Saks Fifth Avenue's parent company is buying the luxury department store Neiman Marcus for $2.65 billion, The Wall Street Journal reported Wednesday.
  
  

• DJ Amazon, Saks to Benefit from Expertise After Past Physical, Online Errors -- Market Talk, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: AMZN
  
  1608 ET - Saks Global, the new company Amazon has reportedly invested in after Saks Fifth Avenue acquired rival Neiman Marcus, will represent a double win for the department stores and e-commerce giant. The powerhouse in luxury retailing will receive strategic advice on its online platform from Amazon, a task at which neither Saks or Neiman Marcus have been successful. Meanwhile, Amazon will get hands-on experience on the physical luxury apparel and beauty business after failing at finding long term success in its physical store concept last year. Amazon closed its only two physical stores, which included hundreds of brands just like department stores do, last year. (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• DJ Amazon to Close Gap with Luxury Players With Reported Stake in Saks Global -- Market Talk, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: AMZN
  
  16:00 ET - Amazon's reported minority stake in Saks Global should help the e-commerce giant to learn from the decades-long experience in the luxury space of Saks Fifth Avenue and Neiman Marcus after Saks sealed a $2.65 billion deal to buy rival Neiman Marcus. While Amazon plans to provide the combined company with technology and logistical expertise, it should also help Amazon get closer to some of the biggest luxury behemoths, many of which are reluctant to sell their products on Amazon.com to protect the cache of their brands. (sabela.ojea@wsj.com; @sabelaojeaguix)