Companies: Weekday Mornings

companies: The news and stories that matter, delivered weekday mornings.SUBSCRIBEFeb. 1, 2019, 9 28 PM GMTBy Alyssa Newcomb Amazon has a history of dropping cash on companies, like its 13.7 billion cash acquisition of Whole Foods in 2017, according to MSNBC. But when it announced in its latest earnings report that it planned to increase investments in 2019, the company's shares fell 5 percent, even dropping into bear territory on Friday. Breaking News Emails Get breaking news alerts and special reports. But Amazon may want to continue to buy up smaller companies, said Daniel Ives, managing director of equity research at Wedbush Securities especially if it wants to keep up with cross-town rival Microsoft, which is rapidly advancing in the cloud arms race. Microsoft is really starting to get a strut in their step with cloud and that is sending shivers down the spine of Amazon. Amazon's biggest nightmare is what is happening on the other side of town in Seattle and Redmond, Washington, said Ives. (news.financializer.com). As reported in the news.