Amazon.com Inc (AMZN.O)
5 Dec 2016
Latest Key Developments (Source: Significant Developments)
Netflix and Amazon's streaming could be forced to devote "at least" 20 percent of catalogues to european films and tv shows- FT
: Netflix and Amazon's streaming could be forced to devote "at least" 20 pct of catalogues to european films and tv shows-FT, citing EU proposal draft Source (http://on.ft.com/1NyJqDt) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)). Full Article
: Amazon to roll out private label products in coming weeks including branded nuts, spices, tea, coffee, baby food, diapers, detergents-CNBC,citing DJ . Label products, its first big push into perishable foods, will be available only to prime subscribers - CNBC,citing DJ (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)). Full Article
Tyson Foods CEO on conf call- "good cattle supply around us, looks like that will continue through the rest of summer"
Tyson Foods Inc
Amazon.com Inc:Sees Q2 2016 Net sales are expected to be between $28.0 billion and $30.5 billion.Sees Q2 2016 Operating income is expected to be between $375 million and $975 million. Full Article
Amazon.com Inc:Legislation that would require law enforcement to obtain a search warrant before asking technology companies to hand over old emails unanimously moved forward in the U.S. House of Representatives on Wednesday, notching a long-awaited win for technology companies and digital privacy advocates.The House Judiciary Committee voted 28-0 to approve the Email Privacy Act, which would update a decades-old law to mandate federal authorities get a warrant to access emails or other digital communications that are more than 180 days old.Currently, law enforcement and civil agencies can ask a service provider to turn over such aged private communications with only a subpoena, which is subject to less judicial oversight than a warrant.House Majority Leader Kevin McCarthy said he planned to bring the bill to a full vote the week of April 25, boosting its chances to become law this year.If the bill passes the House as expected, it will head to a gridlocked Senate, where more than a quarter of the lawmakers, including No. 2 Republican John Cornyn, has endorsed similar legislation.The bill requires a warrant to be given only to the email provider.That change and others prompted ire from a coalition of more than 50 civil liberties groups, trade associations and technology companies, including Amazon, Microsoft and Facebook. Full Article
Amazon.com Inc:Workers at an Amazon.com AMZN.O warehouse in Germany are starting a new round of strikes in an attempt to pressure the U.S. online retailer to increase pay. - RTRS.The walkout by workers at the warehouse in Koblenz, western Germany, began on Monday night and is due to run until the end of the night shift on Wednesday, March 23, union Verdi said in a statement.Verdi has organised frequent strikes at Amazon warehouses across Germany since May 2013 as it seeks to force the retailer to raise pay for warehouse workers in accordance with collective bargaining agreements in Germany's mail order and retail sector.The most recent strikes in Germany, Amazon's second-biggest market behind the United States, were held in the run-up to Christmas. Full Article
Amazon.com Inc:Amazon and eBay are to be held liable, in some cases, for VAT fraud committed by a growing army of overseas sellers using their websites and costing Britain hundreds of millions of pounds a year in lost tax receipts. - theguardian.The chancellor is giving tax inspectors new powers to warn high-risk overseas sellers active in the UK through eBay and Amazon.If, after those warnings, sellers do not correctly collect VAT within 30 days, eBay and Amazon can be held liable for the missing tax.The Treasury estimates this measure will recoup £875m in lost VAT receipts over the next four years, though it is not expected to halt tax fraud altogether.The total cost to the taxpayer of this abuse was officially estimated at £1bn to £1.5bn a year.The chancellor's crackdown comes four months after a Guardian investigation exposed widespread VAT fraud by sellers using the two websites.Last Christmas alone, the Guardian estimated that last Christmas alone that Treasury coffers lost tens of millions of pounds to VAT evasion as a growing number of non-EU sellers, including hundreds from China, dominated sales of popular gifts on Amazon and eBay.In Wednesday's budget speech , George Osborne acknowledged there had been a big rise in overseas suppliers storing goods in Britain and selling them online without paying VAT. Full Article
Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains.