UPDATE: Apple Inc. (AAPL) to Announce Amazon (AMZN) Prime Video App on Apple TV - BuzzFeed

Amazon.com (AMZN) PT Raised to $1,100 at Oppenheimer; Reiterates Outperform

May 15, 2017 10:21 AM EDT

Oppenheimer raised its price target on Amazon.com (NASDAQ: AMZN) to $1,100.00 (from $970.00) while maintaining a Outperform rating. Analyst Jason Helfstein still believes that Amazon is a "must own" within large-cap given a number of greenfield opportunities, and the leading position in global eCommerce. However,... More

Amazon.com (AMZN) Makes Major Push Into Furniture, Building 4 Warehouses - WSJ

May 12, 2017 5:56 AM EDT

Wall Street Journal reporters Brian Baskin and Laura Stevens describe Amazon.com's (NASDAQ: AMZN) push into the fast growing U.S. online retail market, noting the company will offer customers furniture and appliances online, with plans to build out four large warehouses for fulfillment and delivery.

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Societe Generale Downgrades Oracle (ORCL) to Hold

May 11, 2017 11:51 AM EDT

Societe Generale downgraded Oracle (NYSE: ORCL) from Buy to Hold with a price target of $50.00 (from $51.00).

Analyst Richard Nguyen believes the company's 310K-Plus database transition for clients is the real driver for the offensive of the IaaS market against Amazon's (NASDAQ:... More

Twitter, NFL sign multi-year deal for live show

May 11, 2017 10:30 AM EDT

(Reuters) - Twitter Inc (NYSE: TWTR) said on Thursday it signed a multi-year deal with the U.S. National Football League to live-stream pre-game coverage as well as a 30-minute show on the microblogging website.

The live show will be... More

AutoZone (AZO) & O'Reilly Automotive (ORLY) 'the Most at Risk' from Amazon's (AMZN) Expansion Into Retail Auto -Deutsche Bank

May 11, 2017 6:36 AM EDT

Deutsche Bank analyst Paul Trussell hosted a state of online retail with ComScore, notes that Amazon.com (NASDAQ: AMZN) has been a threat to most retail segments, changing customer shopping trends, the analysts looks at the auto retail segment, "AZO (given its... More

Exclusive: Aldi raises stakes in U.S. price war with Wal-Mart

May 11, 2017 1:14 AM EDT

By Nandita Bose

WHEATON, Ill. (Reuters) - German grocery chain Aldi Inc is trying to beat the world's biggest retailer at its own game: low prices.

Already with 1,600 U.S. stores, Aldis internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Stores Inc (NYSE: WMT), according to Chief Executive Jason Hart. He plans to maintain that gap going forward.

His strategy, previously unreported, centers on adding more private-label goods, which are a retailer's in-house brands, to win over price-sensitive customers, and a massive... More

Sears CEO Lampert blames company's woes on 'irresponsible' media

May 10, 2017 3:59 PM EDT

By Tracy Rucinski

HOFFMAN ESTATES, Ill. (Reuters) - Sears Holdings Corp (NASDAQ: SHLD) Chief Executive Officer Edward Lampert blasted the media on Wednesday for "unfairly singling out" the company over the past decade and blamed "irresponsible" coverage for the retailer's woes.

Sears, once the largest U.S. retailer, warned investors in March there was a chance it may not be able to continue as a going concern after years of losses and declining sales.

About two dozen mid-size retailers have filed for Chapter 11 bankruptcy in the past two years amid fierce online... More

Whole Foods shakes up board, appoints new CFO

May 10, 2017 2:04 PM EDT

By Michael Flaherty and Lauren Hirsch

NEW YORK (Reuters) - Whole Foods Market Inc (NASDAQ: WFM) named a new chief financial officer and five independent directors who were not on activist investor Jana Partners' slate, in a dramatic shakeup as the high-end grocer seeks to boost dwindling profits and a sagging stock.

Shares of Whole Foods rose more than 2 percent to $37.25 in after-hours trading on Wednesday, as it named former Kohl's Corp (NYSE: KSS) executive Keith Manbeck as chief financial officer, effective May 17.

Whole Foods, which posted its seventh straight... More

Yelp (YELP) PT Lowered to $30 at Piper Jaffray

May 10, 2017 5:59 AM EDT

Piper Jaffray lowered its price target on Yelp (NYSE: YELP) to $30.00 (from $36.00) while maintaining a Neutral rating.

Analyst Sam Kemp remains convicted that YELP's position in the internet space is weakening compare to other companies like Facebook (NASDAQ:... More

EU to tackle complaints over tech companies' trading practices

May 10, 2017 5:48 AM EDT

By Julia Fioretti

BRUSSELS (Reuters) - The European Union's executive is planning a possible law to deal with complaints about unfair trading practices by leading online players such as Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOGL).

The European Commission said on Wednesday in a mid-term review of its digital strategy that it would prepare an initiative by the end of the year to address unfair contractual clauses and trading practices in relations between platforms and businesses, prompting strong criticism from the tech industry.

This... More

Amazon trounces rivals in battle of the shopping 'bots'

May 10, 2017 1:17 AM EDT

By Jeffrey Dastin

SAN FRANCISCO (Reuters) - Earlier this year, engineers at Wal-Mart Stores Inc (NYSE: WMT) who track rivals' prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly stopped working.

Losing access to Amazon.com Inc's (NASDAQ: AMZN) data was no small matter. Like most big retailers, Wal-Mart relies on computer programs that scan prices on competitors' websites so it can adjust its listings accordingly. A difference of even 50 cents can... More

Nvidia's data center business powers revenue beat

May 9, 2017 4:27 PM EDT

By Narottam Medhora

(Reuters) - Nvidia Corp (NASDAQ: NVDA) reported a better-than-expected 48.4 percent jump in quarterly revenue, helped by strong demand for its chips that are used by major cloud computing providers in data centers.

Nvidia's shares jumped 14.2 percent to $117.57 after the bell.

Data center revenue more than doubled in the first quarter to $409 million, handily beating analysts' estimates of $318.2 million, according to FactSet.

"All of the world's major internet and cloud service providers now use Nvidia's Tesla-based GPU (graphics processing unit) accelerators," Chief Financial Officer Colette Kress said on a... More

Amazon cuts free shipping minimum to $25

May 9, 2017 2:32 PM EDT

(Reuters) - Amazon.com Inc (NASDAQ: AMZN) said on Tuesday it cut the threshold for free shipping to $25 from $35, upping the ante against Wal-Mart Stores Inc (NYSE: WMT) in a hotly contested battle for ecommerce supremacy.

Amazon... More

Office Depot profit beats as fewer stores help tighten costs

May 9, 2017 7:07 AM EDT

(Reuters) - Office supply chain Office Depot Inc (NASDAQ: ODP) reported a bigger-than-expected quarterly profit as expenses fell, in part due to a lower store count, sending the retailer's shares up as much as 7 percent on Tuesday.

Following its failed merger with Staples Inc (NASDAQ: SPLS) in May last year, Office Depot has been streamlining its business by shutting underperforming stores and cutting procurement and overhead costs.

The Boca Raton, Florida-based company is also sharpening... More