Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain's northeastern region of Aragon, which is becoming a major cloud computing hub within Europe. Aragon's regional government said the U.S. tech giant had applied for a construction permit to build data centres at a site outside the city of Zaragoza, confirming a report by local newspaper El Heraldo. The company's investment will be spread out over 10 years, the regional government said.
NEW YORK (Reuters) - "Target is my backup option," said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of its products may spell trouble for the business. The New Yorker, 38, mostly shops at Target through her Instacart app for a few groceries and mainly diapers and formula for her children. Target - jokingly pronounced "Tar-zhay" in faux French by fans and critics of its "cheap chic" offerings - is expanding its own brands as trendy, affordable designer home goods, cookware and clothing are no longer enough to keep its customers loyal.
Amazon (AMZN) closed at $183.83 in the latest trading session, marking a -1.64% move from the prior day.