Bezos a $100 billion man as Amazon rises on cyber shopping

Amazon founder Jeff Bezos was a $100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend's cyber shopping spree. Forbes magazine's real-time ranking of the richest people had Bezos on top, with a personal net worth of $100.3 billion. Microsoft co-founder Bill Gates saw his net worth climb to a dizzying $89.4 billion but was relegated to being the second most affluent person on the planet. Bezos owns almost 17 percent of Amazon, which he founded in a Seattle garage in 1994 after quitting a hedge fund job to sell books online. Amazon shares finished the official trading day up just shy of a percent, and inched up a bit more i...Keep on reading: Bezos a $100 billion man as Amazon rises on cyber shopping.....»»

Category: newsSource: inquirer inquirerNov 28th, 2017

Black Friday and Cyber Monday are increasingly merging

PROVIDENCE, Rhode Island --- The physical rush of Black Friday and the armchair browsing of Cyber Monday are increasingly blending into one big holiday shopping event as more customers buy items online and pick them up at brick-and-mortar stores. Adobe Analytics reported Saturday that more customers are going to stores to get items they bought online. That trend contributed to a record $6.22 billion spent online Friday, up nearly 24 percent from last year. But the fastest-growing online shopping day is Thanksgiving. Online sales totaled $3.7 billion on Thursday, up 28 percent from last year. It's a sign that retailers are merging online business with their physical stores ev...Keep on reading: Black Friday and Cyber Monday are increasingly merging.....»»

Category: newsSource:  inquirerRelated NewsNov 25th, 2018

Amazon s Jeff Bezos unveils $2B philanthropic fund

  WASHINGTON, USA – Amazon founder Jeff Bezos, the richest person on the planet, announced Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion. Bezos made the announcement on Twitter a year after asking for ideas on how ........»»

Category: newsSource:  rapplerRelated NewsSep 14th, 2018

Amazon’s Jeff Bezos becomes world’s richest person – briefly

NEW YORK: Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed. Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 28th, 2017

NHL adds Seattle as league s 32nd team, play begins in 2021

By Stephen Whyno, Associated Press SEA ISLAND, Ga. (AP) — Seattle is getting a National Hockey League team. It will just have to wait a little bit longer to drop the puck. The NHL Board of Governors unanimously approved adding Seattle as the league's 32nd franchise on Tuesday, with play set to begin in 2021 instead of 2020 to allow enough time for arena renovations. The as-yet unnamed franchise will be the Emerald City's first major winter sports team since the NBA's SuperSonics left town in 2008. "Today is a day for celebration in a great city that adores and avidly supports its sports teams and for our 101-year-old sports league," Commissioner Gary Bettman said. "Expanding to Seattle makes the National Hockey League more balanced, even more whole and even more vibrant. A team in Seattle evens the number of teams in our two conferences, brings our geographic footprint into greater equilibrium and creates instant new rivalries out west, particularly between Seattle and Vancouver." The announcement came a few moments after Seattle Mayor Jenny Durkan let the news slip at a watch party in Seattle, prompting cheers: "I got a call from a mole in the room and it was a unanimous vote. We're getting hockey." The decision was widely expected after the Seattle Hockey Partners group impressed the board's executive committee in October with a plan that had all the ingredients the NHL was looking for. Strong ownership led by billionaire David Bonderman and producer Jerry Bruckheimer, a downtown arena in a sports-crazed city and a season-ticket drive that drummed up 10,000 orders in 12 minutes all cleared the way for the NHL to add another team less than three years after approving a franchise in Las Vegas. Seattle Hockey President and CEO Tod Leiweke joked that he'd have to throw out some Seattle 2020 business cards because of the pushed-back timing. But all sides agreed 2021 was the best time to start. "They've always felt that we should have a little more time to build the arena right," Bruckheimer said. "We wanted to bring it to 2020-21 because we want to get going right away, but it's not fair to the fans or to the players to not have a 100 percent finished arena when we start." The owners will pay a $650 million expansion fee, up from the $500 million the Vegas Golden Knights paid to join the league just two years ago. Leiweke said arena renovations will cost $800 million and the addition of a state-of-the-art practice facility makes it a total investment of over $1.5 billion. "(That's) a few bits of change which aren't around anymore," Bonderman said of the spending. "Seattle is one of my favorite cities and it's a pleasure to be here. If it was someplace else, I wouldn't have done it." The NHL will also realign its two divisions in the West for the 2021-22 season: Seattle will play the Pacific, home to its closest geographic rivals like Vancouver, Calgary and San Jose, and the Arizona Coyotes will move to the Central Division. "It was at the end of the day the simplest, most logical and least disruptive option we had available to us and I think it'll work well for the Coyotes," Deputy Commissioner Bill Daly said. The remarkable debut by Vegas in 2017, which included a run to the Stanley Cup Final, gave the league more confidence about moving forward so quickly. Seattle will benefit from the same expansion draft rules Vegas had. Its front office is expected to be led by Dave Tippett, a former coach who would lead the search for the club's first general manager and staff. Tippett signed on to the project because of a connection to Leiweke, a major force in delivering an NHL team to Seattle. Leiweke got his start in hockey with the Minnesota Wild. He also worked in Vancouver and most recently helped build Tampa Bay into a powerhouse in the Eastern Conference. Leiweke left the Lightning in 2015 to become the COO of the NFL and didn't have any interest in leaving the league office until the project in Seattle began to gain traction. Leiweke's job will be to capitalize on a market whose demographics have changed significantly since he left the NFL's Seahawks in 2010 after being largely responsible for the team hiring coach Pete Carroll. Seattle is the largest market in the country without a winter pro sports franchise and has seen an influx of wealth in recent years. Even when he was running the Seahawks, Leiweke believed Seattle was ripe for the NHL and the response to the season-ticket drive only strengthened that belief. "I woke up today thinking about the fans," Leiweke said. "What did they feel on March 1 when they put down deposits without knowing anything? No team name, an ownership group they didn't know very well, a building plan that was back then somewhat defined but fairly vague. Today is a great day for the fans and we owe them so much. That's why today happened." The NHL's launch in Seattle will show how starved fans are for another team. Basketball is embedded in the DNA of the region thanks to 41 years of the SuperSonics and a lengthy history of producing NBA talent. When the rain of the fall and winter drive young athletes inside, they grab a basketball and head for the nearest gym to play pickup games. Basketball courts and coffee shops seem to be on every corner, but ice rinks are scarce. A lot about Seattle is different from 2008, when the Sonics moved to Oklahoma City. The skyline is filled with construction cranes. Amazon has taken over an entire section of the city, joined nearby by satellite offices of Google and Facebook. The amount of wealth now in the Seattle market is part of the reason Tim Leiweke, Tod's older brother and the CEO of event facilities giant Oak View Group, has regularly calls the city one of the most enticing expansion opportunities in pro sports history. Seattle has become a city of transplants due to the booming local economy. A hockey franchise would provide those newcomers a team to rally around, much like what happened when the Sounders of Major League Soccer arrived in 2009 — the last team added to the city's sport landscape. The Sonics were the first, joining the NBA in 1967, followed by the arrival of the Seahawks in 1976 and Mariners in 1977 after construction of the Kingdome. There have been several attempts at solving Seattle's arena issues and landing either an NHL or NBA team in the years since the Sonics left, but none had the support of the city or the private money attached until now. Asked Tuesday about possibly adding an NBA team, Bonderman responded: "One miracle at a time." While Seattle basks in the news, it's not clear the NHL will be satisfied at 32 teams even with the new team providing balance between the conferences and a natural, cross-border rival for the Vancouver Canucks. Daly said recently that there's no magic number, even though no major North American sports league has ever grown beyond 32 teams. Houston, Quebec City and Toronto have all been touted as possible new homes someday, but they'll also have to wait. "We're not looking right now and I think for the foreseeable future at any further expansion," Bettman said. ___ AP Sports Writer Tim Booth in Seattle contributed......»»

Category: sportsSource:  abscbnRelated NewsDec 5th, 2018

New Amazon HQ split between New York, Washington suburbs

ARLINGTON, USA – Amazon's "second headquarters" is being split between New York City and the Washington suburbs, the US tech giant announced Tuesday, November 13, capping a yearlong contest that saw dozens of cities fight it out for a promised $5 billion investment and 50,000 expected jobs. The chosen locations are ........»»

Category: newsSource:  rapplerRelated NewsNov 14th, 2018

From Audible to Whole Foods: A look at Amazon’s empire

NEW YORK --- Amazon is hard to escape. Whether you've bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you've been caught up in Amazon's growing web of businesses. And now, Amazon's sprawling empire will stretch even further. The company is expected to announce Tuesday that it will open two more bases outside of its Seattle headquarters: one in Crystal City in northern Virginia and the other in New York's Long Island City neighborhood. Amazon, which got its start as an online bookstore two decades ago, has grown to a behemoth that had nearly $180 billion in revenue last year. Its workforce has ballooned to more than 610,000 ...Keep on reading: From Audible to Whole Foods: A look at Amazon’s empire.....»»

Category: newsSource:  inquirerRelated NewsNov 13th, 2018

Megaworld profit rises to P11.3 billion in 9 months

Megaworld, the Andrew Tan-led property developer, posted a net income of P11.29 billion from January to September, up 13.1 percent from the same period last year......»»

Category: financeSource:  philstarRelated NewsNov 12th, 2018

Alibaba hits another Singles Day record but growth slows

SHANGHAI, China – Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday, November 11, during its annual "Singles Day" shopping frenzy, but growth slowed from previous years. The world's biggest 24-hour shopping event, celebrating its tenth year, kicked off early Sunday and once again shattered its ........»»

Category: newsSource:  rapplerRelated NewsNov 12th, 2018

Consumers are eager, more digital and willing to spend

Black Friday 2018 This annual survey helps companies better understand changing consumer attitudes about Black Friday retail and how shoppers are planning for the 2018 holiday season. No longer a one-day shopping extravaganza, Black Friday kicks off an extended discount period running through Cyber Monday. This has become an established feature of the retail calendar […].....»»

Category: newsSource:  tribuneRelated NewsNov 11th, 2018

8990 profit rises 38% to P3.4 billion in 9 months

8990 Holdings Inc. grew its nine month income by 38 percent to P3.4 billion, buoyed by strong demand for its housing projects......»»

Category: financeSource:  philstarRelated NewsNov 10th, 2018

Emperador income rises 18% to P5 billion in Jan-Sept 2018

Emperador Inc. posted a net income of P5 billion in the first nine months, up 18 percent year on year......»»

Category: financeSource:  philstarRelated NewsNov 8th, 2018

PAGCOR 9 months revenue rises over 18%; land sale boosts profit

THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) said revenue from gaming operations grew 18.71% in the nine months to September to P50.31 billion......»»

Category: financeSource:  bworldonlineRelated NewsOct 30th, 2018

Philippines’ Jan-July FDI rises 52.1 percent y/y to $6.7 billion

MANILA — Net foreign direct investments in the Philippines jumped 52.1 percent in the first seven months of this year from a year earlier to $6.7 billion, the central bank said on Wednesday. In July alone, net FDI touched $914 million, more than double the $344 million net inflow in the same month last year, it said in […] The post Philippines’ Jan-July FDI rises 52.1 percent y/y to $6.7 billion appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 10th, 2018

Government debt rises by P60 billion to P7.1t

Government debt rises by P60 billion to P7.1t.....»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2018

Oil import bill rises over 34% in first half on weak peso

THE OIL IMPORT bill rose by 34.4% in the first half to $6.312 billion, in part due to a depreciating peso, making shipments of crude oil and finished petroleum products more expensive. The post Oil import bill rises over 34% in first half on weak peso appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 20th, 2018

Bezos unfazed by antitrust concerns on Amazon

WASHINGTON, USA – Amazon founder and chief executive Jeff Bezos said Thursday, September 13, US time, he was not worried about the potential for anti-trust scrutiny of the company as it becomes an important economic force. Speaking at a Washington business gathering, Bezos said it was normal to draw scrutiny ........»»

Category: newsSource:  rapplerRelated NewsSep 14th, 2018

Foreigners barred from buying in planned Malaysian city

Foreigners will be barred from buying properties in a planned $100-billion Malaysian city, the country's leader said Monday, after the huge development aimed at mainland Chinese buyers sparked widespread criticism.   Forest City, an "eco-city" of high rises and waterfront villas, will sit on four man-made islands in Malaysia's southern state of Johor, just an hour from Singapore.   The development, designed to house 700,000 people, is being built by Hong Kong-listed real estate giant Country Garden and a firm partly owned by Johor's sultan, and is due to be completed by 2035.   It was developed with wealthy mainland Chinese buyers in mind. But Prime Minis...Keep on reading: Foreigners barred from buying in planned Malaysian city.....»»

Category: newsSource:  inquirerRelated NewsAug 27th, 2018

Gov’t debt service bill rises 10%

THE GOVERNMENT debt service bill in the first half was P415 billion, up 9.92%, the Bureau of the Treasury (BTr) said. The post Gov’t debt service bill rises 10% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 21st, 2018

Megawide profit rises 10% to P1.26 billion in H1

Megawide Construction Corp. reported a 10 percent increase in consolidated net profit in the first half to P1.26 billion, driven by the continued robust growth of its airport and construction businesses......»»

Category: financeSource:  philstarRelated NewsAug 16th, 2018

Ayala income rises 7% to P16.1 B

Ayala Corp. grew its net income by seven percent in the first half to P16.1 billion......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2018