E-tail giant Amazon.com (AMZN) has revealed several new details about its drone delivery program, Prime Air, in an interview with Yahoo Tech. “I can tell you, it is very real. We’ve beefed up a team at Amazon Prime Air that includes aeronautical engineers, roboticists, a former NASA astronaut,” Paul Misener, Amazon’s president for global public policy, said in the interview posted Monday. “I’ve seen it. It’s gonna happen. It’s coming.” Amazon
E-tail leader Amazon.com (AMZN) has registered to operate as an ocean freight forwarder through its Chinese subsidiary, a further sign that the company is charting new waters in its attempt to drive its prices lower, according to Flexport CEO Ryan Petersen. In a blog post published Thursday, Petersen wrote that the Federal Maritime Commission now lists Amazon China in its directory of licensed Ocean Transportation Intermediaries — companies that
The triple-A booster shot — Apple (AAPL), autos and Amazon (AMZN) — that has fueled U.S. retail sales is losing some of its gravity-defying magic. Just ask Best Buy (BBY), which on Thursday said disappointing sales of the Apple iPhone 6S, due to the lack of “a newness factor,” were in no small part to blame for the electronics retailer’s poor holiday results. Best Buy stock dived 9.7% on Thursday. This more down-to-earth reality is expected to be