Amazon.com, Inc. (NASDAQ:AMZN) announced on Monday that it had acquired Twitch for $970 million. What is it about the video game streaming platform that had major companies like Amazon and Google Inc (NASDAQ:GOOGL) vying for its hand? Twitch is an exponentially growing video game live streaming website The operative word here is ‘exponentially growing’. Twitch…
Amazon.com, Inc. (NASDAQ:AMZN) announced on Monday that it had acquired the live streaming gaming website Twitch for $970 million in cash. The deal is one of the costliest for the online retailer and is expected to be closed by the end of this year. Amazon chief Jeff Bezos commented that his company and Twitch are…
A half-decade after killing off its hefty catalog to focus on the Web, J C Penney Company Inc (NYSE:JCP) is bringing it back, armed with data showing that many of its online sales came from shoppers inspired by what they saw in print. The new, 120-page book will feature items from Penney’s home department and…
Kinross Gold (NYSE:KGC) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $3.25 price target on the stock, down from their previous price target of $3.75. Credit Suisse’s price target suggests a potential upside of 25.00%…
On Dec. 19, Southwest Airlines® (NYSE: LUV) is the 2015 Airline of the Year, according to Air Transport World (ATW), a Penton company. In selecting Southwest as Airline of the Year, ATW editors cited Southwest’s extraordinary and consistent standards of service, financial performance, safety, and environmental and corporate responsibility. In particular, for the first time…
On Dec. 15, The AES Corporation (NYSE: AES) announced that Bernerd Da Santos has been appointed Senior Vice President and Chief Operating Officer, effective January 1, 2015. Mr. Da Santos has been serving as Acting Chief Operating Officer since December 1, 2014. The AES Corporation (NYSE:AES) belongs to Utilities sector. Its net profit margin is…
