Since creating his online bookseller in 1994, Amazon's founder and chief executive has turned the company into the biggest retailer on the Web, with annual sales of more than $48 billion. In 2007, Bezos introduced the Kindle electronic book reader. It's now Amazon's top-selling item. The company is also a leading provider of cloud computer services.
Amazon.com Inc., the world’s largest Web retailer, reported fourth-quarter revenue and profit that trailed analysts’ estimates after sales growth slowed outside the U.S. and holiday shipping costs surged.
As emerging space pioneers in China and India race to the moon and Mars, private-sector startups are quietly launching satellites the size of microwave ovens that aim to satisfy much more terrestrial desires.
Investors prizing Princeton University bought $200 million of its bonds today at yields below top-grade municipal debt. Some residents of the school’s New Jersey hometown are less impressed: They’re suing to strip the institution of its property-tax exemption.