July 26- Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world's second-most populous country. The world's biggest online retailer has been pumping billions of dollars into India as it seeks to win a bigger share of a market dominated by homegrown e-retailer Flipkart. Prime membership will cost... » Read More
The two payment companies agree to a wide-ranging partnership to settle a long-standing feud.
In the year since its spinoff from e-commerce company eBay Inc, becoming an independently traded company on Wall Street for the second time, PayPal has grown aggressively. Its revenue for the second quarter is up more than 15 percent to $2.65 billion from a year ago and the volume of payments it processes is up 28 percent to $86.21 billion, the company said in its...
MILAN, July 22- Online retailer Amazon.com is set to announce on Friday the first in a series of investments in Italy worth at least 500 million euros, a bet on the government's plan to go from laggard to leader in digital commerce, sources said. Amazon will invest 150 million euros to build a major storage and logistics center outside Rome, its second in Italy, said...
EBay CEO Devin Wenig reacts to Warren Buffett's comments on company guidance.
EBay CEO Devin Wenig speaks to CNBC's Josh Lipton, about how the company allocates capital, the impact from the Brexit vote and developing the consumer experience with artificial intelligence.
At a time when money is cheap, the web retailer is partnering with Wells Fargo to sell student loans.
The e-commerce company raised its full-year revenue forecast to a range of $8.85 billion to $8.95 billion, from $8.6 billion to $8.8 billion; and adjusted profit from continuing operations in the range of $1.85 to $1.90, from $1.82 to $1.87 per share. The improved forecast was a "positive surprise" this early in the year, Wedbush Securities analyst Gil Luria said.
CNBC.com's Ari Levy reports on Birkenstock's decision to pull its footwear from Amazon following issues with counterfeiters.
Unilever bought the Dollar Shave Club for $1 billion. One of the shave club's largest investors David Pakman, Venrock venture capitalist, discusses the deal.
Birkenstock has taken the dramatic step of pulling its products off Amazon.com after an uncontrollable rise in counterfeit selling.
E-commerce is one way to expose consumers in the Southeast Asian region to modern retail, says Orami Group CFO Eka Himawan.
Microsoft CEO Satya Nadella wants to change that. Nadella has poured billions of dollars into building new data centers around the world, hoping to position Microsoft as the leading alternative to Amazon in selling online computing power— housed in remote centers or "clouds"— to internet startups and big corporations, as well as consumers.
Amazon founder Jeff Bezos got to live out every Trekkie's fantasy by playing an alien in the new "Star Trek" movie.
TORONTO, July 15- Shaw Communications Inc's third-quarter profit more than tripled, boosted by its purchase of Wind Mobile and sale of media assets, but earnings from ongoing operations disappointed and its shares fell on Friday. The Calgary- based company surprisingly lost retail internet customers, and continued to shed cable television customers.
Investors will get a chance to buy the stock at a cheaper price after Amazon's earnings report, the firm said.
July 13- Amazon.com Inc said customers placed 60 percent more orders worldwide on "Prime Day" shopping event on Tuesday, compared with a year earlier. The online retailer said it sold the most number of Amazon devices on a single day and Fire TV Stick was its best-selling device. Amazon's shares were up 0.7 percent at $753.71 in early trading on the Nasdaq on...
CNBC's Courtney Reagan reports on Amazon's "Prime Day," which the company says was its biggest orders day ever.
CNBC's Kate Rogers checks out a handful of small sellers to see how they fared on Amazon's "Prime Day."
What's key is not the number of sales they generate on "Prime" day but new "Prime" subs that they acquire, says Mark Mahaney, RBC Capital Markets, weighing in on Amazon's second annual "Prime Day," and sharing his thoughts on whether it helps boost other online retailers.
CNBC's Courtney Reagan reports on Amazon's second-annual Prime Day and what's at stake for both the company and consumers.