Seattle gets Amazon’s new one-hour delivery
SEATTLE – Seattle is the newest market in which Amazon.com is rolling out its one-hour delivery service, Prime Now.
The company launched the new offering Tuesday morning to neighborhoods in Seattle, Bellevue, Redmond and Kirkland. It’s available only to subscribers of Amazon’s $99-a-year Prime service.
The Seattle service will be the first in the United States that offers liquor delivery. Amazon has offered beer, wine and spirits delivery at its Prime Now service in London since its launch in June.
Prime subscribers won’t need to pay additional fees for two-hour delivery in Seattle, as long as the order is more than $20. One-hour delivery will cost $7.99.
Stephenie Landry, director of Prime Now Worldwide, said the service will offer about 25,000 products.
Insider trading charge for J.P. Morgan analyst
LOS ANGELES – A former J.P. Morgan Securities analyst in San Francisco has been charged with an insider trading scheme prosecutors say netted more than $600,000.
Federal prosecutors say 27-year-old Ashish Aggarwal was arrested Tuesday along with two Los Angeles friends.
Prosecutors say Aggarwal obtained insider information about upcoming mergers and acquisitions.
Authorities say between 2011 and 2013, he and his friends used the information to make advance trades and used the profits to cover previous trading losses and repay various debts.
Each is charged in Los Angeles with 30 counts including conspiracy, securities fraud, tender offer fraud and wire fraud. If convicted, they face possible prison sentences of 20 years for each fraud count.
University of Arizona teaming up with Uber
TUCSON, Ariz. – Uber is partnering with the University of Arizona to develop mapping technology as the ride-hailing company expands its research of driverless car technology.
The partnership announced Tuesday between the San Francisco-based company and the university includes a $25,000 grant to UofA’s College of Optical Sciences. Uber will also test its self-driving vehicles on Tucson streets.
“We’ll work with some of the leading experts in lens design here at the university to improve the imagery of what we capture and use to build out mapping and our safety features,” said Brian McClendon, vice president of advanced technology for Uber.
McClendon wouldn’t elaborate on how many Uber employees would be working with university researchers but said he considers this a long-term collaboration.