AMZN
Amazon Among Bidders for Signify Health
Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter. Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor …
Amazon Nears Deal to Buy Hollywood Studio MGM
Amazon.com Inc. AMZN 1.46% is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant. An agreement could be announced as early as this …
GameStop Is Hiring. The Focus Is on Technology.
Text size GameStop is increasingly focusing on e-commerce. Spencer Platt/Getty Images GameStop ‘s executive shake-up continued this week with the announced departure of Chief Merchandising Officer Chris Homeister. Expect more hiring as the retailer continues to focus on e-commerce. A person familiar with the matter told Barron’s that hiring talent from e-commerce and technology companies …
Treasury Yields Extend Surge – WSJ
Selling in U.S. government bonds accelerated on Thursday, sending yields soaring again as uncertainty over the pace of economic expansion continued to unsettle financial markets. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, jumped above 1.7% for the first time since the pandemic in early trading Thursday. Declines spread …
The Five Biggest Issues for Technology Companies in 2021
After a year of startling growth, the tech industry faces a more vexing 2021. The pandemic helped bring the world’s tech giants such as Amazon.com Inc. and Microsoft Corp. to new heights in 2020. The shift to online shopping and remote working accelerated at a pace that would have been inconceivable without the coronavirus. But …
Amazon’s Chief Technology Officer Shares His Predictions for 2021
Werner Vogels, Amazon.com Inc.’s chief technology officer, predicts 2021 will see a much broader distribution of the technologies that have been powering big corporations. The shift, which includes connecting more devices to the cloud, and better access to machine learning, builds on recent advances in software and silicon as well as the acceleration of digital …
Tech Giants Face New Rules in Europe, Backed by Huge Fines
European officials want new powers to oversee internal workings at large technology companies such as Facebook Inc., FB -0.56% backed by threats of multibillion-dollar fines, as they seek to expand their role as global tech enforcers. The European Union’s executive arm proposed two bills Tuesday—one focused on illegal content, the other on anticompetitive behavior—that would …
‘Too Complex to Break Up’ Is the New ‘Too Big to Fail’
Days before, Facebook Inc. produced its own document contending that breaking it up would be a “nonstarter” for a number of reasons, including that the company’s constituent parts are already too complicated and interconnected for any of them—Instagram, WhatsApp, its ad business—to be spun off as individual companies or walled off as separate divisions. “After …
House Panel Says Big Tech Wields Monopoly Power
WASHINGTON—America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. Republicans issued a separate response endorsing strong antitrust enforcement targeting the companies but didn’t endorse …
Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers
The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores. Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores …
