Amazon to make big business changes in EU settlement

Amazon has agreed to make major changes to its business practices (Michel Spingler/AP)

Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair advantage over rival merchants, European Union regulators said on Tuesday.

Amazon promised to give products from rival sellers equal visibility in the “buy box”, a premium place on its website that leads to higher sales, the European Commission said.