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Amazon’s Jeff Bezos commits $2 billion to help homeless, pre-schools

September 13, 2018 admin Comments Off on Amazon’s Jeff Bezos commits $2 billion to help homeless, pre-schools

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 […]

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Gunman kills his wife, 4 others and himself in California

September 13, 2018 admin Comments Off on Gunman kills his wife, 4 others and himself in California

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 […]

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UPS goes back to business in $20 billion automation push

September 13, 2018 admin Comments Off on UPS goes back to business in $20 billion automation push

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 […]

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Mark Zuckerberg, one of the world's most powerful CEOs, has never worked at a company besides Facebook, and it's a blessing and a curse

September 13, 2018 admin Comments Off on Mark Zuckerberg, one of the world's most powerful CEOs, has never worked at a company besides Facebook, and it's a blessing and a curse

Mark Zuckerberg, Facebook’s CEO and founder, has spent his entire career at one company. According to The New Yorker, Zuckerberg often relies on COO Sheryl Sandberg to find out how things work at other companies. Workplace experts say it’s important for long-tenured leaders like Zuckerberg to surround themselves with other perspectives. …read more […]

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UPS expects automation, expansion plans to boost earnings by 2022

September 13, 2018 admin Comments Off on UPS expects automation, expansion plans to boost earnings by 2022

“Transformation will lift our earnings, as we generate higher-quality revenue,” said Chief Executive Officer David Abney. The company will increase its sorting capacity in the United States by 350,000 to 400,000 pieces per hour, each year between 2018 and 2020, or about seven times the additional sorting capacity added in 2017, UPS said. …read more […]