Amazon’s push to deliver packages in one day rather than two is eating into its profits. The ecommerce giant reported that net income fell 27%, in part because of that initiative. Not only has Amazon ramped up spending on things like transportation to deliver more packages faster, it is missing out on fees that customers used to have to pay to get one-day shipping, CFO Brian Olsavsky said....
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The Briefing enterprise media/telecom
Iger’s Disney Fix-It Plan Has Something for Everyone
Bob Iger really should have run for president, as he once considered doing. His political instinct is unmatched, at least among CEOs. On Wednesday, in his first quarterly earnings call since returning to the top job at Disney, Iger offered something for everyone. A return of the dividend! Layoffs! Creative executives get their power back! Traditional TV is still important, Iger reminded...
SpaceX to Conduct Key Engine Test on Mars Rocket on Thursday
Alphabet’s Verily Appoints Biotech Executive As CFO
Francisco Partners Nears $1.7 Billion Deal for Sumo Logic
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