Investor enthusiasm for Amazon.com Inc (AMZN.O) is pretty consistent: the stock tends to rise, even though the company isn’t consistent about making profits. On Thursday it posted second quarter profit of $92 million on sales of $23.19 billion, only its third quarterly profit since the first quarter of 2014. Amazon has reported an annual net profit in 10 of its 18 years as a public company, and only twice
Demand for industrial battery systems is being driven by increasing reliance on intermittent energy sources such as wind and solar power and the potential to add energy to the grid quickly when power needs spike. “We believe in the space and its ability to grow,” Jeff Wyatt, GE’s general manager for energy storage, said in a recent interview. GE over the past year has overhauled its approach to the energy
Jerusalem-based Teva, which has offered to buy Mylan for $40 billion, is now close to an agreement to acquire Dublin-based Allergan’s generic drugs unit for between $40 billion and $45 billion, the person said on Saturday. A deal could be announced as early as next week, the person said, cautioning that negotiations had not yet been completed and asking not to be identified because the discussions are confidential.
Thai Airways International Pcl (THAI.BK) plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thailand’s national carrier aims to reduce operating costs and capacity by 20 percent under the two-year plan, which also calls for aircraft sales and a reduction in staffing. The flight suspension will reduce
Ever wonder what Tomb Raider’s Lara Croft would look like with an “average” body? Not like Angelina Jolie, that’s for sure. An eating disorder treatments website,…
Tower, this is Ghost Rider, requesting a flyby…but it’d better involve an actual plane. Last month, a producer of the upcoming, anticipated Top Gun sequel said Tom…
Welcome back to the stage, Avril Lavigne! In her first concert performance in more than a year, the 30-year-old appeared at the Opening Ceremony of the 2015 Special Olympics World Games…
Congratulations are in order for Zach Roloff! E! News can confirm the Little People, Big World star married fiancée Tori Patton Saturday night at the Roloff family…
We’re all in this together so many years later! It’s been almost a decade since the first High School Musical made its debut on the small screen. And while the cast is all grown…
It’s time to get back to the music! After experiencing a week filled with front-page headlines, Blake Shelton was finally able to put on a show for his loyal fans at the Country Jam…
