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Overall, net sales for the fourth quarter were $72.38 billion and beat analysts’ average estimate of $71.87 billion on the back of a strong holiday season, which includes the major U.S. shopping event Black Friday. The results demonstrate that Amazon continued its “relentless assault” on other retailers over Christmas, Nicholas Hyett, Equity Analyst at Hargreaves Lansdown, said. Amazon said tens of millions of shoppers signed up for its loyalty club Prime during the season – more than in any prior quarter – helping boost revenue from subscription fees 25 percent to $4.0 billion. The company said last year it has more than 100 million Prime members globally swank jade cufflinks.
This expansive customer base has lured merchants to sell goods on the company’s marketplace, to the point where more than half of products sold on Amazon come from third-parties. Making Amazon more profitable still are ad sales. The company now ranks alongside Alphabet Inc’s Google and Facebook Inc as titans in marketing, letting these same merchants pay for high placement in Amazon’s search results. Ad sales and “other” revenue jumped 95 percent to $3.4 billion in the fourth quarter swank jade cufflinks.
WASHINGTON (Reuters) – General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state’s natural gas supply. The cancellations came after CMS Energy Corp made an emergency appeal to users late on Wednesday to conserve natural gas following a fire at a compressor station and extremely cold weather swank jade cufflinks. Fiat Chrysler said it would resume normal operations on Friday after it canceled two shifts at its Warren Truck and Sterling Heights Assembly plants on Thursday..
GM said late Wednesday it was suspending operations at 13 Michigan plants and its Warren Tech Center due to the CMS request. It resumed limited operations at five engine, transmission and stamping plants on Thursday afternoon. GM said late on Thursday it would resume operations on Friday at all manufacturing facilities and some critical labs, testing and other limited locations. GM said employees at three locations including the Tech Center will work from Friday and added it expects normal operations to resume in full over the weekend swank jade cufflinks.
Ford Motor Co said it had also taken steps to reduce energy use at its four Michigan plants supplied by CMS. CMS, the parent company of Consumers Energy, took the unusual step of issuing an urgent appeal to 1.8 million Michigan customers on Wednesday asking them to lower their thermostats to ease the burden on the system due to the fire and record cold weather. The company said Thursday that consumers could resume normal usage at 12:01 a.m. Friday swank jade cufflinks. CMS Chief Executive Patricia Poppe said earlier on Thursday about 79 large users in Michigan including major automakers, other manufacturers and two universities had curtailed their natural gas usage. Along with individual consumers, usage had fallen by about 10 percent over anticipated demand, she said at a news conference on Thursday..