Sunday, 20 January 2019

Tag Archives: Amazon

Amazon CEO Bezos and wife to end 25-year marriage

SAN FRANCISCO: Amazon CEO Jeff Bezos, who is the wealthiest man in the world, said that he and his wife are divorcing after 25 years of marriage. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” he ...

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Facebook to Pay $100 Million in Italian Fiscal Accord

LONDON: Social media giant Facebook has agreed to pay more than 100 million ($114 million or roughly Rs. 800 crores) to end a fiscal fraud dispute, Italian tax authorities said. Italy has already drawn similar agreements from Amazon, Apple, and Google, joining EU neighbours seeking a bigger tax take from multinationals ...

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Amazon quarterly profit rockets tenfold to $2.9bn

SAN FRANCISCO: Amazon reported that its profit in the recently-ended quarter rocketed to $2.9 billion in a ten-fold increase from the same period last year. Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in ...

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Amazon Investigates Report That Employees Leaked Data For Bribes

Amazon Inc. is conducting an investigation into employees that are said to offer sellers on its e-commerce program with an advantage by providing confidential internal data and other services in exchange for a fee. Employees are allegedly selling information on sales and searches to the independent merchants that operate on ...

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Amazon hits trillion-dollar milestone with focus on the long game

NEW YORK: Amazon’s market value hit $1 trillion on Tuesday, the second company after Apple to hit the milestone, following an incredible journey for the internet giant which has kept a long-term focus since launching as an online bookseller two decades ago. Early gains lifted Amazon’s value to $1 trillion ...

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Apple, Amazon lead the pack to $1 trillion market value

NEW YORK: For a long time, Apple appeared to be flying solo to a $1 trillion market value, but Amazon is right at its heels – and experts have no fears of a tech bubble. Apple, at $939 billion, remains the highest-valued private company on the global markets – and ...

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First space tourist flights could come in 2019

(AFP) WASHINGTON: The two companies leading the pack in the pursuit of space tourism say they are just months away from their first out-of-this-world passenger flights – though neither has set a firm date. Virgin Galactic, founded by British billionaire Richard Branson, and Blue Origin, by Amazon creator Jeff Bezos, ...

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Google to invest $550 million in Chinese e-commerce giant JD

SINGAPORE: Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com ...

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Uber Loses Its Chief Product Officer

Uber’s chief product officer, Jeff Holden, said he is leaving the company after a four-year stint that included the development of the company’s carpool service and oversight of its flying-taxi initiative. Mr. Holden told colleagues his last day at the San Francisco ride-hailing firm is Thursday, a spokesman confirmed. Uber ...

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Amazon UK to create 400 new jobs

LONDON: Amazon UK said on Monday it would open a new fulfillment center in Rugby, central England, increasing its 2,500-strong workforce in the Midlands by another 400 people. Rugby will be the fourth Amazon fulfillment center in the region, and joins centers in Coalville and Daventry, which opened in 2016, ...

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