Thursday, 23 May 2019
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Tag Archives: Amazon

SpaceX postpones launch of its first internet network satellites

WASHINGTON: SpaceX postponed a launch of 60 satellites into low-Earth orbit that was scheduled for Thursday night, possibly until next week, citing a need for software updates. The SpaceX Falcon 9 rocket launch from Cape Canaveral was to be the first of potentially thousands in its Starlink project to beam ...

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Amazon invests in British food courier Deliveroo

LONDON: Amazon has taken a stake in Deliveroo, the British food delivery company said on Friday. Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement. Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. “This ...

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Jeff Bezos keeps Amazon voting power in divorce settlement

NEW YORK: Amazon Chief Executive Officer Jeff Bezos will retain voting control of his entire $143 billion stake in the company under a divorce settlement with his wife, MacKenzie Bezos, who will own 25 percent of those shares, the couple said on Thursday, removing uncertainty over control of the online ...

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World’s Richest Man Jeff Bezos Eyes Horse Show Prize

DUBAI: He ushered in the New Year by riding a horse into a cowboy-apparel store in Aspen, Colorado and now the world’s richest man is vying for a share of the $4 million prize pot on offer at this week’s 16th Dubai International Arabian Horse Championship (DIAHC). Jeff Bezos, the ...

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Amazon profit jumps

SAN FRANCISCO: Amazon reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3.0 billion in the fourth quarter as revenues increased 20 percent to $72.4 billion. ...

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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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