At 20, Amazon continues to defy predictions -

Improbably, Ballmer's prognostication coincided with the exact bottom of Amazon's fortunes. Since he spoke, the stock has risen 42 percent on rebounding revenue growth and even some meager quarterly profits. In its cloud services unit, Amazon Web Services, a Google-initiated price war actually boosted Amazon's fortunes by pushing more chief information officers to take a look at the public cloud, in which Amazon offers the most comprehensive mix of services. AWS is now set to bring in around $5 billion in 2015, with a healthy 17 percent operating margin. It looks, in other words, very much like a real business.

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The travel industry touts product improvements while charging more and providing less

  1. markup Wednesday of this year's National Defense Authorization Act, the panel was taking heat from multiple fronts for its plan to siphon money from military operations in Iraq and Afghanistan to pay for more weapons purchases, as we report for
  2. The travel industry, flush with profits, is touting improvements to its products now, just as people begin to plan their summer getaways. But do their “improvements” make the product better, or are they just coming up with clever ways to siphon even
  3. That effort is helping siphon big spenders from Hong Kong, where the number of visitors from China dropped for nine straight months and retail sales in February plunged the most in 17 years. The outlook isn't any better for next week's Labor Day
  4. Just a few months earlier, the OCCRP believes, Delco had received a large payment from a web of opaque firms used by Russian officials and an organised-crime gang to siphon away the money from the tax scam. Mr Roldugin has previously told Russian media
  5. This is the big task that the Federal Government has opted to undertake in order to ascertain the exact amount cornered by a few elements and take appropriate measures to recover the cash and punish the masterminds. A source in one of the agencies

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