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Amazon delivers a regulatory breather to Big Tech
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +2 min
The U.S. Federal Trade Commission said it won’t challenge Amazon.com’s (AMZN.O) $3.9 billion acquisition of physician network One Medical. As the deal moves forward, deal-hungry technology giants can take a small breather. One Medical’s revenue accounted for just 0.2% of all U.S. healthcare spending in 2021, according to Amazon. And while the FTC’s concerns about Big Tech seemed limitless, its resources aren’t. Letting the One Medical deal move forward frees up staff to focus on ones that pose a clearer threat to consumers.
Amazon on Wednesday said it had closed its $3.9 billion deal for primary care provider One Medical. Amazon agreed last July to acquire One Medical to deepen its presence in health care, and "dramatically improve" the experience of getting medical care. The deal gives Amazon access to One Medical's more than 200 brick-and-mortar medical offices in 26 markets, and roughly 815,000 members. In a statement, he said health care is ripe for disruption, citing long appointment times and the complexities of primary care. "Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone."
EU set to investigate Amazon's $1.7 bln iRobot deal - FT
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: 1 min
Feb 15 (Reuters) - The European Union is set to investigate Amazon.com Inc's (AMZN.O) $1.7-billion purchase of iRobot Corp (IRBT.O), the Financial Times reported on Wednesday. Amazon did not immediately respond to a Reuters request for comment. Reporting by Samrhitha ArunasalamOur Standards: The Thomson Reuters Trust Principles.
Roomba maker iRobot to lay off about 7% of its workforce
  + stars: | 2023-02-13 | by ( Annie Palmer | ) www.cnbc.com   time to read: +1 min
Roomba maker iRobot on Monday announced plans to cut around 7% of its workforce. The cuts will affect roughly 85 employees, iRobot said in its fourth-quarter earnings report. For the fourth quarter, the company lost $84.1 million on $357.9 million in revenue. Amazon laid off roughly 18,000 corporate staffers, while Meta , Google , Salesforce and others have announced significant job cuts. iRobot will take a $4 million impairment charge as a result of the layoffs.
Amazon creates bazaar for U.S. banking wannabes
  + stars: | 2023-01-24 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +3 min
The e-commerce goliath recently added to its growing pile of debt with an $8 billion loan. After first tapping the market’s biggest bookrunners, Amazon enlisted Canada’s TD Securities to shop the lesser-traveled byways around Wall Street for the follow-up deal. It’s easy to understand why the wannabes would jump at the chance to work with Amazon. Others such as BBVA, which offloaded its American subsidiary but kept its broker-dealer business, are keen to expand in U.S. investment banking. For Amazon, spreading the wealth is a chance to trial new banking relationships before potentially hiring them for more complicated matters.
Robot vacuum maker iRobot confirmed that sensitive images leaked online were taken by its devices. Roomba said the images, including one of a woman on the toilet, were taken only by test units. The images were leaked by Venezuelan contractors who worked with iRobot, MIT Tech Review reported. But images from that data got leaked to Facebook, Discord and other social sites, MIT Tech Review reported and iRobot confirmed to Insider. Experts who have spoken to labelers told MIT Tech Review that they found the work "really uncomfortable."
If you’re planning to invest in a new Roomba or gift one to someone else, retailers like Amazon, Target, Best Buy and Walmart are offering notable discounts. SKIP AHEAD Best Cyber Monday 2022 Roomba deals | Best Cyber Monday 2022 Roomba salesWe compiled some of the best Cyber Monday deals and sales on Roombas that we think you’ll want to know about to help you make the most of your shopping. Best Cyber Monday 2022 Roomba dealsBelow, we’re sharing the best Cyber Monday Roomba robotic vacuum deals based on our previous coverage and reporting. Best Cyber Monday 2022 iRobot Roomba salesHere are the best Cyber Monday Roomba sales that we think you’ll want to know about. Target: Up to $400 off iRobot Roombas Walmart: Up to $300 off iRobot Roombas Kohl’s: Up to $250 off iRobot Roombas Bed Bath and Beyond: Up to $200 off iRobot RoombasWhen is Cyber Monday 2022?
SKIP AHEAD Cyber Monday vacuum deals | Cyber Monday vacuum salesTo help you make the most of your shopping, we compiled some of the best Cyber Monday deals and sales on vacuums that we think you’ll want to know about. Best Cyber Monday 2022 vacuum dealsBelow, we’re sharing the best Cyber Monday vacuum deals based on our previous coverage and reporting. 4.5-star average rating from 2,685 reviews at Best BuyThe Roomba i7+ has a Smart Mapping function you can use to control where it cleans and when. The vacuum self-empties into its base, which can hold up to 60 days’ worth of dirt and debris, Shark says. Best Cyber Monday 2022 Vacuum salesHere are the best Cyber Monday vacuum sales that we think you’ll want to know about.
Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.
$999.99 from Target Originally $1,499.99 Save 33%Deal icon An icon in the shape of a lightning bolt. $14.99 from Target Originally $29.99 Save 50%The best Target tech dealsDeal icon An icon in the shape of a lightning bolt. $24.95 from Target Originally $49.95 Save 50%The best Target home dealsDeal icon An icon in the shape of a lightning bolt. $80.00 from Target Originally $100.00 Save 20%The best Target kitchen dealsDeal icon An icon in the shape of a lightning bolt. Target Cyber Monday 2022: What to expectDuring Cyber Monday, Target is offering deep discounts on toys, kitchen goods, vacuums, electronics, and gaming gear.
Black Friday 2022 is in full swing and we’ve got you covered with the best deals on tech, beauty, home and more. To give you an idea of what Select readers are shopping for, here are the most purchased products from our coverage so far. Each product has been checked against price history trackers like CamelCamelCamel, Honey and Keepa to ensure it was at its lowest price in at least the three months when published (some of these products may no longer be on sale or not currently at its lowest price). The Nintendo Switch console has a 4.8-star average rating from 47,822 reviews on AmazonLearn more: The Nintendo Switch Black Friday Bundle is now live4.6-star average rating from 51,492 reviews on AmazonLearn more: 139+ best Black Friday 2022 deals to shop right now4.7-star average rating from 3,641 reviews on AmazonLearn more: The latest Apple Air Pods Pro are at their lowest price ever4.4-star average rating from 84,526 reviews on AmazonLearn more: 139+ best Black Friday 2022 deals to shop right now4.7-star average rating from 61,993 reviews at AmazonLearn more: 139+ best Black Friday 2022 deals to shop right now4.6-star average rating from 71,868 reviews at AmazonLearn more: 139+ best Black Friday 2022 deals to shop right now4.6-star average rating from 79,227 reviews at AmazonLearn more: 139+ best Black Friday 2022 deals to shop right now4.7-star average rating from 10,633 reviews at AmazonLearn more: 139+ best Black Friday 2022 deals to shop right now4.8-star average rating from 31,569 reviews at AmazonLearn more: 15 best Black Friday Apple deals 20224.6-star average rating from 3,605 reviews on WalmartLearn more: 14+ Black Friday vacuum deals from Dyson, Shark, iRobot and more4.8-star average rating from 16,177 reviews at AmazonLearn more: Black Friday air fryer deals from Instant Pot, Ninja and moreCatch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.
To help you make the most of the shopping holiday, we compiled some of the best Black Friday deals and sales on Roombas that we think you’ll want to know about. Best Black Friday 2022 iRobot Roomba dealsBelow, we’re sharing the best Black Friday iRobot Roombas deals based on our previous coverage and reporting. Best Black Friday 2022 iRobot Roomba salesHere are the best Black Friday Roomba sales that we think you’ll want to know about. Remember that sales include multiple deals, and not every product listed in a sale is going to be the best deal around. Walmart: Discounts on iRobot Roombas Kohl’s: Discounts on iRobot Roombas Target: Discounts on iRobot RoombasWhen is Black Friday 2022?
While some retailers kicked off Black Friday sales earlier this month, the shopping holiday is officially here. SKIP AHEAD Best Black Friday vacuum salesTo help you make the most of the shopping holiday, we compiled some of the best Black Friday deals and sales on vacuums that we think you’ll want to know about. Best Black Friday 2022 vacuum dealsBelow, we’re sharing the best Black Friday vacuum deals based on our previous coverage and reporting. Best Black Friday 2022 Vacuum salesHere are the best Black Friday vacuum sales that we think you’ll want to know about. Remember that sales include multiple deals, and not every product listed in a sale is going to be the best deal around.
It's your chance to score deals on cordless stick vacuums, upright vacuums, and robot vacuums at Walmart, Target, Amazon, and other retailers. You can narrow your search by checking out our guides to the best cordless vacuums, robot vacuums, cheap vacuums, handheld vacuums, pet vacuums, and upright vacuum cleaners. Black Friday vacuum deals: Top discountsRobot vacuums : Save up to $400 off robot vacuums from Ecovacs, Eufy, iRobot, and more. Lowest Price iRobot Roomba i3+ EVO (3550) Robot Vacuum The i3+ costs more than your average robot vacuum, but it does a lot more than the average robot vacuum. Deal Eufy RoboVac 25C Wi-Fi Connected Robot Vacuum This Eufy robot vacuum connects to your phone for easy scheduling and will run for over an hour with a single charge.
In this article AMZNAAPLGOOGL Follow your favorite stocks CREATE FREE ACCOUNTSoon it will be easier to buy gadgets that work with your smart home. Matter, backed by the biggest names in tech including Amazon , Apple , Google and Samsung, aims to solve a key pain point. Smart home accessories with Matter connectivity. These include Eve, which makes smart plugs and sensors, as well as Wix which makes smart light bulbs. Google Nest Hub Max and Google Nest Hub (second generation) smart displays, Google Nest WiFi and WiFi Pro routers, and Amazon Echo (fourth generation) smart speakers will also support the standard.
Amazon founder Jeff Bezos once again warned of the challenges of an economic recession, telling consumers and small business owners they should reduce their risk by hanging onto cash and delaying big purchases. "The probabilities say if we're not in a recession right now, we're likely to be in one very soon," Bezos said in an interview with CNN released on Sunday. "My advice to people whether they're small business owners is take some risk off the table. The comments build on Bezos' warning last month that it was time to "batten down the hatches." He added that consumers and business owners should "play the probabilities for a bit" by keeping cash on hand and delaying buying a new TV, car or piece of equipment.
Best bagged upright vacuum: KenmoreThis bagged upright vacuum from Kenmore — a Consumer Reports favorite — is pet-friendly thanks to its powerful inducer motor. Canister vacuums also have fewer moving parts than upright vacuums, which means they typically require less maintenance and fewer repairs. However, canister vacuums can often be more difficult to store due to their hose, wand and bulkier base, she said. UprightUpright vacuums are great for homeowners who have large, wide-open spaces, since they are typically easier to maneuver than canister vacuums. He noted that these models are best for people with smaller spaces to clean, since they’re not as powerful as canister vacuums.
Amazon’s second Prime Day-like sale this year is now on — for the first time in Prime Day history. Prime Early Access Sale: The best deals on products at their lowest price everBelow, we’re sharing the best products — based on our previous coverage and reporting — that are at their lowest price ever during the Early Access Prime Sale. 4.7-star average rating from 522,925 reviews on AmazonAmazon's smart plug is designed to be compact so it won't block a second wall outlet, the brand says. It has a 5,000mAh battery that, according to the brand, should last for more than a day on a single charge. 4.4-star average rating from 618 reviews on AmazonUnlike razors that only trim hair at the skin’s surface, epilators remove hair from the roots.
Amazon is shuttering a virtual travel division and a warehouse robotics team, Insider has learned. Amazon is scrapping another warehouse robotics team, ORCA, amid a larger reduction in robotics personnel. It's not clear how many people worked on the ORCA team. In addition, the company is ending Amazon Explore, a virtual travel experiences platform launched amid pandemic lockdowns in late 2020. In an all-hands meeting this week, Amazon executives instructed employees to tighten their belts.
I'm Jeffrey Cane, stepping out from behind the 10 Things on Wall Street newsletter curtain to help catch you up on all things financial today. But first: Could I interest you in some life insurance? Yes, life insurance is one answer, but it's life insurance with a twist. This little-known tax tool, which may be coming under increasing scrutiny, is called private placement life insurance, or PPLI. It is effectively a life insurance policy that is owned by an offshore trust.
Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | ReutersThroughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of Wall Street: growth is more important than profits. No wager was bigger than Amazon Web Services, the cloud-computing unit that Amazon launched in 2006 and that Jassy led until his promotion last year. "They're completely unafraid to kill something that's not working," said Craig Berman, a former Amazon vice president for global communications. Former Amazon employees Colin Bryar and Bill Carr wrote about the process in their 2021 book, "Working Backwards: Insights, Stories, and Secrets from Inside Amazon."
This is the best kind of deja vu: Amazon’s second Prime Day-like sale this year is now on — for the first time in Prime Day history. The Prime Early Access Sale (running through Oct. 12) has sitewide savings for Prime members on categories from skin care and home goods to tech and fitness equipment. To help you make the most of the fleeting shopping holiday, we compiled some of the best Prime Day deals live on Amazon that offer top products at their lowest price ever, plus highlighted other notable deals from counter sales at other retailers. Prime Early Access Sale: The best deals on products at their lowest price everBelow, we’re sharing the best products — based on our previous coverage and reporting — that are at their lowest price ever during the Early Access Prime Sale. It has a 5,000mAh battery that, according to the brand, should last for more than a day on a single charge.
The current sale — dubbed the Prime Early Access Sale — runs through Oct. 12 and offers sitewide savings for Prime members on popular categories ranging from skin care and home goods to tech and fitness equipment. SKIP AHEAD Prime Early Access vacuum sales on Amazon | Prime Early Access vacuum sales at other retailersWhether you’re planning to buy a new vacuum for yourself or as a gift for the holidays, Amazon is offering notable discounts on robot vacuums, robot stick vacuums and more during the Prime Early Access Sale. Prime Early Access Sale: The best vacuum dealsBelow, we’re sharing the best Prime sale vacuum deals based on our previous coverage and reporting. The best Prime Early Access vacuum sales on AmazonHere are the best Prime Early Access vacuum sales on Amazon right now that we think you’ll want to know about. The best Prime Early Access vacuum sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day vacuum and other floorcare sales we recommend.
You can narrow your search by checking out our guides to the best cordless vacuums, robot vacuums, cheap vacuums, handheld vacuums, and vacuum cleaners. We're also rounding up the best deals on tech devices, style and beauty, and more on our liveblogs for the best Prime deals and bargains under $25. Deal Ecovacs Deebot T8 AIVI Robot Vacuum The Ecovacs Deebot T8 AIVI Robot Vacuum has powerful suction, an effective mopping system, and even features HD video for home surveillance. Lightning Deal iRobot Roomba i4+ (4552) Robot Vacuum The Roomba i4+ is iRobot's newest robot vacuum that comes with automatic dirt disposal so you don't have to empty the dustbin. Prime Early Access Sale Vacuum deals FAQsHow we vet Amazon Prime Early Access Sale vacuum dealsVacuum discounts happen year-round, but they tend to be more prevalent around Black Friday, Cyber Monday, and Prime Day.
Buying other companies is one option to help maintain its historical 20%-plus annual revenue growth, a person familiar with Amazon's deal process said. While Amazon doesn't necessarily prey on companies in trouble, the company is extremely price disciplined, the person familiar with Amazon's deal process told Insider. Bertucci has been a part of some of Amazon's largest transactions, including leading the MGM and One Medical deals. According to the person familiar with Amazon's deal process, Amazon only brings in investment banks when acquisitions reach roughly the $1 billion mark. Indeed, the One Medical deal alone could have netted Goldman and Morgan Stanley, which repped One Medical, in the tens of millions in fees.
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