On Thursday, e-commerce giant Amazon announced it was canceling its plans to build a new headquarters in New York City. While many welcomed the project, it also generated fierce local opposition. Derek Thompson, senior editor for The Atlantic, joins “CBS This Morning: Saturday” to discuss why New York City and Amazon will be just fine without each other and why the deal was doomed from the start.
U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.
Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector.
Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with Germany's Metro about taking a stake in the German wholesaler's China operations, three sources told Reuters on Thursday.
EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.
Chinese E-commerce giant Alibaba Group Holding Ltd is in talks with Germany's Metro about taking a stake in the German retailer's China operations, three sources told Reuters on Thursday.
