amazon.com inc (AMZN) Key Developments
Amazon Expands its Facility to Lakeland
Aug 29 14
The Amazon distribution center in Lakeland is up and running. The company announced that it shipped its first order out of the fulfillment center to a customer in New York. It was a CreativeWater 2-Tier Buffet Server. The shipment came a few days after the company welcomed more than 400 full-time employees to the 1 million square foot facility. Employees will pick, pack and ship larger items to customers. The Lakeland center is the first company warehouse to open in Florida. The second, in Ruskin in Hillsborough County, is scheduled to open soon and will process orders of smaller items, such as books and CDs. No opening date has been set.
Bidder Reportedly Eyes Stake In ASOS
Aug 28 14
US bidder are eyeing a stake in ASOS plc (AIM:ASC). eBay Inc. (NasdaqGS:EBAY) and Amazon.com Inc. (NasdaqGS:AMZN) are believed to be interested in ASOS. BESTSELLER A/S is also understood to have been approached. ASOS shares rose 19.4% to £28.04 on August 27, 2014.
Investors Eye Cyanogen
Aug 28 14
Cyanogen Inc. is being considered as potential partner or acquisition target by Amazon.com Inc. (NasdaqGS:AMZN), Microsoft Corporation (NasdaqGS:MSFT), Yahoo! Inc. (NasdaqGS:YHOO) and Samsung C&T Corporation (KOSE:A000830).
Amazon.com, Inc. to Open New Fulfillment Center in Redlands, California
Aug 22 14
Amazon.com Inc. has announced plans to open a fifth California fulfillment center in Redlands, California. Since opening its first fulfillment center in the state under two years ago, Amazon has created thousands of full-time jobs and expanded its presence to nearly five-million-square-feet. The company is hiring for more than 2,500 full-time jobs in California that offer wages 30% higher than traditional retail stores and include comprehensive benefits on day one, bonuses and stock awards.
Amazon.com Inc. Introduces Amazon Local Register
Aug 22 14
Amazon.com Inc. has introduced Amazon Local Register, a card reader and mobile app that provides local businesses with the tools they need to accept credit and debit cards from a smartphone or tablet. Amazon Local Register customers will have access to the Amazon.com, fully dedicated customer support team, as well as in-app tracking tools. Customers who sign up for Amazon Local Register before October 31 will also receive a low promotional rate of 1.75% per card swipe on all major credit and debit cards until January 1, 2016. Additional details are available at localregister.amazon.com.