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Amazon uses aggregated seller data to help business, it tells lawmakers -

Amazon uses aggregated seller data to help business, it tells lawmakersAmazon.com Inc uses "aggregated data" from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers. Such data, also culled from public sources and Amazon's first-party sales, is available to the company's retail and private brand teams, it said in an Oct. 11 document released by the U.S. House of Representatives Judiciary Committee on Tuesday. Data on individual sellers is not used to improve Amazon's business, the company said, and its teams do not use seller data to launch, source or price private label products, which number about 158,000.


Tue, 19 Nov 2019 15:20:02 -0500

GLOBAL MARKETS-Oversupply angst drags oil lower, stocks drift near highs -

GLOBAL MARKETS-Oversupply angst drags oil lower, stocks drift near highsThe U.S. benchmark S&P 500 index was little changed while the blue-chip Dow Jones Industrial Average slipped and the Nasdaq rose, all having hit record intraday highs earlier in the session. Traders cited the lingering uncertainty over whether the U.S. and China could agree to end a trade war than nears 1-1/2 years as a reason for stocks to drift and bond prices to go higher. U.S. President Donald Trump said he would raise tariffs on Chinese imports if no deal is reached with Beijing to end the trade war.


Tue, 19 Nov 2019 15:19:43 -0500

Amazon uses aggregated seller data to help business, it tells lawmakers -

Amazon uses aggregated seller data to help business, it tells lawmakersAmazon.com Inc uses "aggregated data" from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers. Such data, also culled from public sources and Amazon's first-party sales, is available to the company's retail and private brand teams, it said in an Oct. 11 document released by the U.S. House of Representatives Judiciary Committee on Tuesday. Data on individual sellers is not used to improve Amazon's business, the company said, and its teams do not use seller data to launch, source or price private label products, which number about 158,000.


Tue, 19 Nov 2019 15:17:25 -0500

US STOCKS-Retail drags on Wall St; Dow falls, S&P holds steady -

US STOCKS-Retail drags on Wall St; Dow falls, S&P holds steadyThe Dow Jones Industrial Average fell from record levels while the S&P was flat on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending while uncertainty over the U.S.-China trade dispute simmered in the background. The tech-heavy Nasdaq was the best-performing of the three indexes, with support from Facebook Inc and Broadcom Inc helping to counter a drag from Qualcomm after the chip maker held an investor meeting.


Tue, 19 Nov 2019 15:13:59 -0500

Canadian foreign minister Freeland to get new job - Radio-Canada -

Canadian foreign minister Freeland to get new job - Radio-CanadaCanadian Foreign Minister Chrystia Freeland will get a new job on Wednesday when Prime Minister Justin Trudeau shuffles his Cabinet, French-language public broadcaster Radio-Canada said on Tuesday. Radio-Canada did not detail what Freeland would be doing next. It said her replacement would be Infrastructure Minister Francois-Philippe Champagne, and that Fisheries Minister Jonathan Wilkinson will be promoted to the job of environment minister.


Tue, 19 Nov 2019 15:12:56 -0500


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