The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon, according to Forbes. Dominance in e-commerce and the nascent field of cloud computing has made Amazon the world’s second-most valuable public company. Bezos solicited ideas on Twitter last year for ways to donate some of his wealth. …read more […]
Jeff Bezos, Amazon.com Inc’s founder and the world’s richest person, on Thursday said he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities.
A gunman went on a rampage, killing his wife and four other people before shooting himself to death, California authorities said. Kern County sheriff’s Lt. Mark King said Thursday there were “strong indications” of a domestic violence motive in the Wednesday evening rampage. The victims were shot at and near a trucking company and then at a residence in Bakersfield, about 90 miles (145 kilometers) north of Los Angeles. …read more […]
Trade unions at Volkswagen’s Czech unit Skoda Auto on Thursday rejected any idea of moving some of the production of its premium sedan model Superb to German plants.
The U.S. agency that enforces federal labor laws took the first steps on Thursday towards loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees.
A rise in Apple led a rebound in technology shares and boosted all three major stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.
United Parcel Service Inc is bolstering services to boost shipments between businesses as part of a $20 billion push to automate its network and offset lower-profit home deliveries from Amazon.com and other online retailers.
The U.S. agency that enforces federal labor law on Thursday took the first steps toward loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees.
Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein’s successor.
The world’s biggest package delivery firm’s embrace of expensive “last-mile” home shipments of everything from clothes to car tires has squeezed margins as it competes with FedEx Corp (FDX.N), which takes fewer of those pricey deliveries. UPS shares fell 1.7 percent to $121.21 in midday trade after executives on Thursday boosted long-term earnings targets but stopped short of saying they would take fewer home deliveries. UPS is still more profitable than FedEx, but “FedEx may be better at saying ‘no’ to low-profit volume,” Morningstar analyst Keith Schoonmaker said. …read more […]
The chairman of the Federal Trade Commission, which stops mergers it believes will push up prices, signaled Thursday he was willing to consider tougher enforcement, a move that could affect high profile big tech companies but also energy producers, drug makers and a big swath of the U.S. economy.
A rise in Apple led a rebound in technology shares and boosted all three major stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.
Roche , the world’s biggest producer of cancer drugs, is stepping up cost cuts in an efficiency drive made unavoidable by competition from cut-price copies of three mega-brands from its famed U.S. Genentech biotech stable.
The chairman of the Federal Trade Commission, which stops mergers it believes will push up prices, signaled on Thursday he was willing to consider tougher enforcement, a move that could affect high profile big tech companies but also energy producers, drug makers and a big swath of the U.S. economy.
Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein’s successor earlier in the year.
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