Tag Archives: wmt

Google, Amazon, Alibaba, Baidu, Wal-Mart Ready Drones

Search giant Google announced it’s readying to launch a drone delivery service using robot aircraft sometime in 2017 as retailers Amazon.com (AMZN) and Wal-Mart (WMT) and China Web giants Alibaba (BABA) and Baidu (BIDU) also experiment with drone delivery, according to a media report. Robot craft made by Google, a subsidiary of parent firm Alphabet (GOOGL), will start delivering goods to customers via Project Wing, said the BBC on Monday. “Our

After-Hours Action: Wal-Mart Drones, Chip Earnings

Wal-Mart (WMT), Rent-A-Center (RCII), Cheesecake Factory (CAKE) and a trio of chipmakers led Monday’s after-hours action. Following Amazon’s (AMZN) lead, Wal-Mart has applied for FAA approval to test drones for home delivery, curbside pickup and inventory-checking, according to Reuters. Shares were up 0.1% in extended trading. Rent-A-Center crumbled 19% late after its full-year guidance disappointed investors. The company sees EPS of $2-$2.10,

This holiday season will be ‘Christmas of the drone’

Expect to see lots of flying camera drones this holiday season, which Dougherty & Co. predicts will be the “Christmas of the drone.” This year, Yuneec will join Parrot and DJI in offering aerial drones at Best Buy (BBY) stores, Dougherty analyst Charles Anderson said in a report Tuesday. Also, market leader DJI might offer its lowest-end drone, the Phantom 2, at Wal-Mart (WMT) and Sam’s Club stores, he said. The Phantom 2 costs about $700, but