Amazon Says FTC Is Harassing Jeff Bezos and Top Executives in Prime Probe

WASHINGTON—Amazon.com is accusing the Federal Trade Commission of making excessive and unreasonable demands on founder Jeff Bezos and company executives as the agency probes Amazon’s Prime membership program. In a petition to the FTC filed earlier this month and recently made public, Amazon says the agency’s demands on the company have been “overly broad and …

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Bed Bath & Beyond shares defying another analyst's sell recommendation

Shares of Bed Bath & Beyond Inc. blasted off Tuesday, again, as the retail crowd defied, with renewed vigor, another Wall Street analyst’s warning that investors sell because of “unrealistic” valuations. The stock BBBY, +67.31% was down as much as 4% about a minute after the open, before doing an abrupt about-face. The meme stock …

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Walmart Moves Upmarket

Walmart “everyday low prices” motto is paying off with a widening set of customers, though at a cost to its margins. The retail giant said on Tuesday that its Walmart-branded U.S. chain’s same-store sales grew 6.5% from a year earlier in the quarter ended July 29, better than the 6% growth it forecast in last …

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As food inflation stays hot, here’s a look at how much items cost

OTTAWA – Canada’s inflation rate fell from its near 40-year high of 8.1 per cent in June to 7.6 per cent in July, Statistics Canada said Tuesday. The easing was largely attributable to gas prices, which have dropped in recent weeks, but similar relief has not extended to food costs. The latest consumer price index …

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Walmart Revenue Rises as Higher Prices Lift Business

Updated Aug. 16, 2022 9:41 am ET Listen to article (2 minutes) Walmart revenue rose in the second quarter as the retail giant benefited from consumers both paying more for goods and stepping up shopping trips to its stores. Walmart, in its earnings report Tuesday, said it is gaining market share in some categories such …

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Amazon's 'Thursday Night Football' Coverage to Be Tracked by Nielsen

Amazon Inc. has struck a deal with Nielsen Holdings PLC to have the ratings firm measure its coverage of “Thursday Night Football” games on its Prime Video streaming platform, the two companies said. The deal marks the first time Nielsen will include ratings from a streaming service in its closely watched weekly television-viewing report, whose …

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Stock Futures Hold Steady With Retail Earnings in Focus

U.S. stock futures were little changed as investors parsed earnings from major retailers that showed consumers are still shopping despite higher inflation.  Futures tied to the S&P 500 edged down 0.1%, pointing to the broad-market index hovering after two days of gains. Nasdaq-100 futures also inched down about 0.1%, suggesting muted moves for technology stocks. …

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Home Depot Posts Higher Sales as Transactions Continue to Drop

Home Depot second-quarter sales rose 6.5% as higher average spending per shopping trip more than offset another drop in transactions. The home-improvement chain said Tuesday that the average amount spent per transaction rose 9.1% during its second quarter while the total number of transactions fell 3%. Home Depot’s transaction tally has fallen in each of …

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: Here’s what else besides Disney that hedge fund Third Point loaded up on recently

Activist investor Daniel Loeb’s Third Point LLC has bought new stakes in T-Mobile US Inc. and Colgate Palmolive Co. , and sold off holdings on EV maker Rivian Automotive Inc. and Amazon.com Inc., among other investment decisions, according to a filing late Monday. Third Point earlier Monday disclosed a fresh stake on Walt Disney Co., …

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Elliott Management Has Large Position in Cardinal Health

Activist investor Elliott Management has a large position in Cardinal Health and is seeking a handful of seats on the medical-products distributor’s board, according to people familiar with the matter. Elliott nominated five directors to the 11-person board roughly two weeks ago, before Cardinal abruptly replaced its chief executive last week, the people said. The Wall …

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