SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung said on Monday it will launch the Galaxy Fold in the US on Sept. 27. The launch was delayed from April after reviewers found it broke easily. Samsung says it has fixed...Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
Banks have historically used armies of mortgage brokers to gather income and asset documents from prospective borrowers.Financeread more
As Amazon takes its first steps into the health sector, many established players say they have little to fear.
As Walgreens CEO Stefano Pessina with investors, Amazon has "opportunities around the world and in other categories, which are much, much simpler than health care, which is a very regulated business."
In other words, it's too complicated for an e-commerce company like Amazon.
But former Amazon leaders who now work in health care say this view is misguided.
Curtis Kopf worked as a director at Amazon back in the early 2000s, a job that required liaising with the publishing industry. Among his many seemingly crazy tasks at the time: digitizing every book in print. He now views that project as a precursor to Kindle.
"At this point, I don't think there's anything they (Amazon) would be afraid to do," he said, over lunch in Seattle, a stone's throw from the company's headquarters.
After a stint at Microsoft and Alaska Airlines, Kopf now works in the health insurance sector as a senior vice president at Premera Blue Cross. For his first presentation to fellow senior leaders on his team, he detailed a strategy for customer experience inspired by his time at Amazon. Out of that came a program to gather feedback from customers called "Premera Listens."
Kopf is frequently asked about Amazon's strategy for health — to which he responds that he's not ruling anything out.
"Every industry has thought that Amazon wouldn't disrupt them," said Kopf.
As CNBC has reported in recent months, . It also , and it scooped up a colleague of Kopf's at Premera named Mark Lyons to run its internal pharmacy benefits program.
Aaron Martin helped launch Amazon's self-publishing business, as the director for Kindle and Print on Demand.
Now, he runs digital innovation at a local health system called Providence St. Joseph Health.
"A big chunk of my team are from Amazon," he said. With a group of engineers and designers, Martin has launched such initiatives as Express Care, a service for same-day urgent care visits. He also invests in medical-tech start-ups through the hospitals' venture unit, Providence Ventures.
Martin views health care as a major opportunity for his former employer.
Why? It's too big to ignore.
"At Amazon, we learned to pick our battles and didn't look at anything that was less than $500 million," said Martin. "Meanwhile, health care is a fifth of the economy."
Where Martin sees an opportunity for Amazon is in using its expertise in logistics, machine learning and AI voice recognition to create new technology platforms. He is hoping that entrepreneurs with domain knowledge will customize these platforms for the health sector.
"Amazon could build the compliant infrastructure but let entrepreneurs come in and do the heavy lift," he said.