STORY HIGHLIGHTS


Company news

CNC
Added On February 11, 2018

Turning to company news.
 
Media reported that Amazon is planning to further expand its shipping services.
 
The firm is considering offering the service to other businesses as well.
 
AMAZON MULLS SHIPPING EXPANSION
 
Amazon already offered shipping services to merchants that use its warehouses.
 
The company handles delivery of products that merchants store in the firm's warehouses, including to non-Amazon customers.
 
The new programme takes a step further to include pick-up from the vendor.
 
VOLVO CARS SEES RECORD OPERATING PROFIT
 
Volvo Cars reported record operating profit last year, due to strong global sales, mainly in the Chinese market.
 
The company reported a strong 27.7 percent increase in operating profit in 2017.
     
Net revenue for the period increased 16.6 percent.
 
Meanwhile, global sales rose 7.0 percent to nearly 572,000 cars in 2017.
 
Sales in China saw a 25.8 percent increase.
 
TWITTER RECORDS FIRST-EVER PROFIT 
 
Twitter has reported its first-ever quarterly profit, a key milestone that sent shares of the social network soaring.
 
The company said it earned 91 million U.S. dollars in the fourth quarter, the first positive net income since going public in 2013.
 
Revenue increased two percent from a year ago to a better-than-expected 732 million dollars. 
 
Profitability is an important achievement for Twitter, as it has lost money consistently since its public offering, sparking speculation on whether it needed to sell itself to keep operating.
 
FRENCH COURT ON UBER DRIVERS
 
Ride-hailing giant Uber has won a case filed by a French driver, claiming he should be considered an employee.
 
The ruling has added to legal uncertainty in Europe about how to regulate the company.
 
AFP quoted the court, saying drivers are free to refuse a trip and not subject to any oversight by Uber in terms of time worked.
 
The court added that Uber was linked to drivers only via "commercial contracts" that could not be considered terms of employment.
 
Uber has long maintained it is simply a service provider.