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This expansive customer base has lured merchants to sell goods on the company’s marketplace, to the point where more than half of products sold on Amazon come from third-parties. Making Amazon more profitable still are ad sales. The company now ranks alongside Alphabet Inc’s Google and Facebook Inc as titans in marketing, letting these same merchants pay for high placement in Amazon’s search results. Ad sales and “other” revenue jumped 95 percent to $3.4 billion in the fourth quarter.
WASHINGTON (Reuters) - classic cufflinks style General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state’s natural gas supply, The cancellations came after CMS Energy Corp made an emergency appeal to users late on Wednesday to conserve natural gas following a fire at a compressor station and extremely cold weather, Fiat Chrysler said it would resume normal operations on Friday after it canceled two shifts at its Warren Truck and Sterling Heights Assembly plants on Thursday..
GM said late Wednesday it was suspending operations at 13 Michigan plants and its Warren Tech Center due to the CMS request. It resumed limited operations at five engine, transmission and stamping plants on Thursday afternoon. GM said late on Thursday it would resume operations on Friday at all manufacturing facilities and some critical labs, testing and other limited locations. GM said employees at three locations including the Tech Center will work from Friday and added it expects normal operations to resume in full over the weekend.
Ford Motor Co said it had also taken steps to reduce energy use at its four Michigan plants supplied by CMS, CMS, the parent company of Consumers Energy, took the unusual step of issuing an urgent appeal to 1.8 million Michigan customers on Wednesday asking them to lower their thermostats to ease the burden on the system due to the fire and record cold weather, The company said Thursday that consumers could resume normal usage at 12:01 a.m, Friday, CMS classic cufflinks style Chief Executive Patricia Poppe said earlier on Thursday about 79 large users in Michigan including major automakers, other manufacturers and two universities had curtailed their natural gas usage, Along with individual consumers, usage had fallen by about 10 percent over anticipated demand, she said at a news conference on Thursday..
(Reuters) - Facebook Inc could be subjected to at least two more state probes in the United States on the alleged mishandling of user data, Bloomberg reported on Thursday. The report, which cited people familiar with the matter, said Pennsylvania Attorney General Josh Shapiro and his Illinois counterpart Kwame Raoul have joined forces with Connecticut to focus on investigating existing allegations. The state probes are coalescing into two main groups, the report said. The states of New York, New Jersey and Massachusetts are also probing the social media giant and are seeking to uncover any potential unknown violations.
The Illinois attorney general’s office declined to comment on Bloomberg’s report when contacted by Reuters, while the office of the attorney general of Pennsylvania did not immediately respond to a request for comment, Facebook told Reuters in an emailed statement it was having “productive conversations” with attorneys general from a number of states, “Many officials have approached us in a constructive manner, focused on solutions that ensure all companies are protecting people’s information, and classic cufflinks style we look forward to continuing to work with them,” Facebook’s vice president of state and local public policy, Will Castleberry, said..
WASHINGTON (Reuters) - President Donald Trump sees March 1 as a hard deadline to reach a trade deal with China, the White House said on Thursday, saying U.S. tariffs on Chinese goods will be hiked if an agreement is not reached by then. “President Donald J. Trump has reiterated that the 90-day process agreed to in Buenos Aires represents a hard deadline, and that United States tariffs will increase unless the United States and China reach a satisfactory outcome by March 1,” the White House said after two days of trade talks between top U.S. and Chinese officials.
PARIS/DUBAI (Reuters) - Dubai’s classic cufflinks style Emirates is exploring switching some orders for the world’s largest jetliner, the Airbus A380, to the smaller A350 in a move raising new doubts about the future of Europe’s iconic superjumbo, people familiar with the matter said, The Gulf carrier, which has invested tens of billions of dollars in more than 100 A380s, has been struggling to finalize a deal to buy another 36 to keep assembly lines open, due to differences with engine maker Rolls-Royce..