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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

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Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
RetailAmazon

Amazon’s new Prime Day will be a massive ‘global shopping event’

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Jonathan Chew
Jonathan Chew
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By
Jonathan Chew
Jonathan Chew
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July 6, 2015, 8:50 AM ET
Amazon is launching Prime Day, a global shopping event for Prime members.
Amazon is launching Prime Day, a global shopping event for Prime members.Photograph by Daniel Acker—Bloomberg via Getty Images
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Amazon is turning 20 next week, and to celebrate the online retail site is launching Prime Day, a global shopping extravaganza for Prime members.

The company has whet the appetite of shoppers around the world by announcing that on July 15 there will be “a global shopping event, with more deals than Black Friday” — the biggest shopping day of the year that happens after Thanksgiving. Much like Black Friday, deals will start at midnight, and new discounts will be offered as often as every 10 minutes, Amazon (AMZN) said in a statement. The event will be open to Prime members in the U.S., the U.K., Spain, Japan, Italy, Germany, France, Canada, and Austria.

Not a Prime member? Clearly, this is the time Amazon wants to woo you into the fold, and a 30-day free trial of Prime has been offered: “If you’re not already a Prime member, you’ll want to join so you don’t miss out on one of the biggest deals extravaganzas in the world,” said Greg Greeley, vice president of Amazon Prime.

Getting shoppers to become Prime members is a push that has yielded benefits for the company. A recent ComScore report revealed that “Prime members make twice as many purchases as nonmembers, and they spend 40% more per transaction.” Last week, the company expanded its one-hour delivery service Prime Now to parts of central London, marking the company’s first expansion of its speedy service outside of the U.S.

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