Amazon is getting more than $2 billion for NYC and Virginia expansions

Enlarge / Amazon CEO Jeff Bezos on September 13, 2018. (credit: Alex Wong/Getty Images) Over the last year, Amazon has dangled in front of cities the possibility that they could host the company’s “second headquarters”—a massive $ 5 billion facility that would provide 50,000 white-collar jobs. On Tuesday, Amazon confirmed what had been widely reported: nobody […]

The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid an allegation of personal misconduct (WMT)

AP Flipkart Group CEO Binny Bansal has resigned following an allegation of “serious personal misconduct,” according to a press release. The release did not elaborate on the allegation but said Bansal “strongly denies” it. An independent study did not corroborate the allegation but found Bansal made lapses in judgment, according to the release. In May, […]

While iPhone sales remain stagnant, Apple services hit $10 billion in revenue

Enlarge / One of several styled Apple logos associated with the October 30 event. (credit: Apple) Apple announced on its earnings call today that it had surpassed its revenue estimates for Q4 2018. The iPhone maker boasted $ 62.9 billion in revenue, slightly more than the $ 60-62 billion it previously estimated, as well as […]

Tech’s biggest CEOs and founders lost $61 billion during the stock market’s plunge in October — here’s who got hit hard (FB, AMZN, AAPL, NFLX, GOOG, BIDU, BABA)

Photo by Drew Angerer/Getty Images October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.  According to Bloomberg data, the CEOs and founders of the most popular tech companies “FAANG+BAT” lost $ 61 billion in October. The tech-heavy Nasdaq index plunged 9.2%, posting its worst […]

Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump

[unable to retrieve full-text content] Filed under: Earnings/Financials,Green,Jaguar,Land Rover,Tata,Sedan,SUV,Electric,Hybrid,Luxury Sales are off 13 percent; EVs, hybrids across lineup promised by 2020 Continue reading Jaguar Land Rover undergoes $ 3.2 billion turnaround plan as sales slump Jaguar Land Rover undergoes $ 3.2 billion turnaround plan as sales slump originally appeared on Autoblog on Thu, 01 Nov […]

China is about to open the world’s longest sea bridge. It cost $20 billion and is 20 times as long as the Golden Gate Bridge.

Bobby Yip/Reuters After nine years of construction and controversy, China is set to officially unveil the world’s longest sea bridge on Tuesday at a ceremony in Hong Kong. At more than 34 miles long, the Hong Kong-Zhuhai-Macau Bridge is part of a master plan to create a global science and technology hub by connecting two […]

Fiat Chrysler Offloads Magneti Marelli Parts Unit for $7.1 Billion

A key goal of Fiat Chrysler Automobiles’ financial fitness regimen, started under former CEO Sergio Marchionne, has come to pass under his successor, Mike Manley. On Monday morning, FCA announced the sale of its Italian parts unit, Magneti Marelli, to Japan’s Calsonic Kansei, itself owned by KKR & Co. The deal, worth $ 7.1 billion, […]