They said it

Amazon rolls out corporate email service

SEATTLE — is launching a web-based corporate email service, ratcheting up its competition with Google and Microsoft.

The company is set to launch WorkMail, an email and calendaring service that will be offered through its Amazon Web Services unit, a spokeswoman said. WorkMail will be offering as part of AWS's business renting computing storage and services to businesses. Forbes broke the news.

Amazon will launch the product in the second quarter of this year. It will cost $4 per user per month for a mailbox that has 50 gigabytes of storage. If customers bundle it with Zocalo, the AWS file storage service, it will cost $6 per user per month for 50 gigabytes of mail storage and 200 gigabytes of file storage.

For many companies, email remains a core business process, a place where workers store information as well as plan business strategy. AWS is clearly hoping to tie those functions into its broader offerings.

Amazon is the pioneer in the business of providing infrastructure computing as a service, and continues to lead in that market. But Google and Microsoft are keen to make inroads there, and they are using their position as email providers as a way to target customers interested in shifting more of their computing to the web.

— The Seattle Times 

Income gap concerns wealthy individuals

A large majority of so-called high-net-worth individuals see income inequality as a top macroeconomic concern, according to a new study released by Morgan Stanley.

The survey of 1,008 clients with $100,000 or more of non-retirement financial assets to invest found that 79 percent agreed that the "increasing income gap between poor and wealthy Americans" was a top macroeconomic concern, while 77 percent of those with more than $1 million agreed with the statement.

Income inequality ranked fourth among concerns of the high-net-worth individuals nationally, behind the 86 percent citing increasing foreign conflicts, the 81 percent pointing to fears of terrorism in the U.S., and the 80 percent noting the U.S. government budget deficit.

Morgan Stanley said those with $100,000 or more to invest made up 21 percent of U.S. households, while those with $1 million or more to invest made up 3.6 percent.

— Los Angeles Times 

They said it 

"Our business continues to face meaningful headwinds,"

McDonald's CEO Don Thompson

Speaking on the sluggish sales of the fast food giant. Thompson was replaced as CEO and will leave the company March 1. 


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