When Amazon sets its sights on a new industry, corporate America shudders. The latest example came when the online retailing giant unveiled its plan to offer affordable health care to their employees.
Shares in low-cost fashion brand Hennes & Mauritz AB plunged on after the Swedish company said it was having trouble adapting to a rapid and global shift to online shopping among consumers.
Although there are still many unknowns about the new tax law, some business owners have figured out that they stand to gain from some of its changes and are altering plans to maximize benefits.
In its latest effort to encroach on an area of Amazon strength, Walmart has struck a deal to use Tokyo-based Rakuten Inc.'s e-reading service called Kobo to sell e-books and audio books.
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