Category: Jeff Bezos

Amazon Chief Bezos Expected to Unveil Further Private Space Exploration Plans

The burgeoning space-transportation company owned by Amazon.com chairman Jeff Bezos this week is expected to announce some customers and new initiatives, the latest step toward its long-term goal of building rockets powerful enough to penetrate deep into the solar system, according to industry officials. The moves by the typically secretive Mr. Bezos, these officials said, are anticipated to disclose further details about Blue Origin LLC’s strategy to create a family of reusable rockets initially intended to take tourists on suborbital voyages, and then propel spacecraft into Earth’s orbit and eventually blast both manned and robotic missions to the Moon and various planets.

Amazon Forecast Sparks Investor Concern on Big Spending

Amazon.com Inc. projected earnings for the current quarter that indicate stepped up spending on warehouses, movies and gadgets will continue this year at the expense of profits. Operating income in the first quarter will be $250 million to $900 million, which is less than a year earlier even though revenue is forecast to increase as much as 23 percent to $35.8 billion.

Amazon’s Commitment to 100,000 New U.S. Jobs Highlights Its Relentless Growth Ambitions

While one big storyline out of this could be how the move puts the company in alignment with President-elect Donald Trump’s outspoken priority to create jobs in the U.S., there’s another narrative the announcement highlights — one that investors will appreciate: The big hiring spree reflects the aggressive growth the company believes it still has ahead of it. A quick overview of Amazon’s announcement about its expected job creation in the U.S. over the next 18 months highlights a fast-growing company without any plans to slow down.

Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months

Amazon.com Inc. revealed plans to hire more than 100,000 people in the U.S. in the next 18 months, grabbing the spotlight as President-elect Donald Trump pushes companies to employ more Americans. The staffing up isn’t particularly surprising for a company moving into multiple categories from groceries, hardware and video to fashion and cloud services.

Will Amazon’s Airborne Dreams Become Reality?

In December, it unveiled the first Amazon Go location, a convenience store without cashiers or checkout lines where cameras and artificial intelligence recognize what you take off the shelves and charge your account accordingly. Also last month, the company successfully made its first ever drone delivery, carrying popcorn and a Fire TV device to a customer in rural England, a trip from click to delivery that took just 13 minutes.

Silicon Valley Cash Is Still Chasing Blood Despite Theranos Bust

Amid the collapse of Theranos Inc. last year, investors are betting that some of the disgraced blood-testing startup’s lofty medical goals might still have a kernel of promise — at other companies. Grail, a company backed by Bill Gates and Jeff Bezos, said on Thursday that it’s expecting to raise a record $1 billion on the promise of a blood test to detect early-stage cancer.

2016’s Best CEOs

The best chief executive officers are an often-underrated source of competitive advantage. A strong leader with the vision to steer a company safely through rapidly changing business conditions can many times be the difference between a business’ success and failure.