Amazon.com (AMZN) is not likely to spin off its cloud computing business, Amazon Web Services, any time soon, says investment bank Monness Crespi Hardt. Growing at a steady clip — AWS earned $2.08 billion in Q3, up 78% over the year-earlier quarter — the cloud computing business has come under scrutiny by investors because some suspect that the e-commerce leader might spin off AWS to unlock value, says Monness Crespi analyst James Cakmak in a
Amazon.com (AMZN) said on Friday that it’s putting thousands of branded trucks on the road in another move to ramp up its capacity to move goods around the U.S. Amazon is using the trailers, which the e-commerce leader’s existing trucking partners will drive, to ensure that the firm has enough shipping capacity to move products on time as business in North America continues to boom. Not intended for delivering goods to customers, the trailers will
Amazon.com (AMZN) is ramping up its challenge vs. restaurant food delivery leader GrubHub (GRUB). The e-commerce leader is expanding its Amazon Restaurants delivery business to the East Coast, with Baltimore its first city. Amazon on Thursday said its service will be available in 10 ZIP codes in downtown Baltimore. “Baltimore’s vibrant mix of neighborhoods has created an equally vibrant food scene,” Gus Lopez, general manager of Amazon