Bezos is selling $1 billion of Amazon stock a year to fund rocket venture

By Google News

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Bezos is selling $1 billion of Amazon stock a year to fund rocket venture

CNBC
Amazon.com founder Jeff Bezos said on Wednesday he is selling about $1 billion worth of the internet retailer’s stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minute space rides starting next year.

5 Things You Must Know Before the Market Opens Thursday

TheStreet.com
1. — U.S. stock futures were lower Thursday following a sudden turn down in Wednesday’s trading after the Federal Reserve committed to further monetary tightening in 2017.

Traders Need to Start Giving the Euro and Pound Some Respect

Bloomberg
The International Monetary Fund will release its outlook for the global economy on April 10, and the forecasts are likely to reflect expectations for faster growth in 2017 and 2018, even though there are political risks in the European Union from the

JPMorgan’s Dimon says the US is exceptional, but ‘something is wrong’

Washington Post
JPMorgan Chase CEO Jamie Dimon said Tuesday that his closely watched annual letter to investors was written with shareholders, employees and the community in mind.

GOP chairman meets with Dems on tax reform

The Hill
House Ways and Means Committee Chairman Kevin Brady · Kevin BradyGOP chairman meets with Dems on tax reform Overnight Finance: GOP makes case to fire consumer bureau chief | Republicans rush to shape infrastructure plan | Tax-writers urge …

Unilever’s Charm Is Thinly Spread

Bloomberg
On Thursday it announced a strategy to achieve what it describes as “accelerating sustainable shareholder value creation.” This can be roughly translated as: we’ve had a wakeup call from Kraft Heinz Co.

NJ Transit nightmare spills into 4th day, but full service could return Friday

NJ.com
An almost week-long commuting nightmare for NJ Transit train commuters may be over on Friday when Amtrak officials say they expect to complete repairs to track damage from Monday’s train derailment in Penn Station New York.

Republicans attack consumer financial watchdog as they push for his firing

Los Angeles Times
The chairman of a powerful House committee welcomed the nation’s top consumer financial watchdog to a hearing Wednesday by expressing surprise he showed up, and hoped he never does so again.

7-Eleven operator to buy US stores from Sunoco for $3.3 billion

CNBC
Seven & i Holdings on Thursday said it would buy convenience stores and petrol stations from Texas-based Sunoco for about $3.3 billion, as the Japanese retailer accelerates efforts to boost its U.S operation.

Taser changes name as it branches into body camera business

OregonLive.com
Taser International has renamed itself Axon Enterprise to reflect a shift into making body cameras for police officers. The company still plans to sell Tasers, though, as it is “one of our flagship products.

Fed and Trump signals give stocks double trouble

Reuters
People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File photo.

Flood of U.S. Oil to Asia Comforts Tanker Market Trashed by OPEC

Bloomberg
OPEC all but trashed the tanker market with its output cuts. That the damage hasn’t been even worse is thanks in large part to a flood of U.S.

UPDATE 1-Boeing forms venture group, invests in two tech startups

Business Insider
SEATTLE, April 5 (Reuters) – Boeing Co said on Wednesday it had launched a venture capital arm and invested in two tech startups, a fresh sign of the importance big companies see in keeping up with rapidly evolving technology for designing and making …

Norwegian Air Is Plotting Direct Flights From Seattle and Denver to London

Fortune
Norwegian Air Shuttle ASA will launch nonstop transatlantic flights from two more U.S. airports this fall, the airline announced on Wednesday, ramping up pressure on larger carriers to compete with the emerging low-fare airline.

China Moves a Step Forward in Its Quest for Food Security

New York Times
Michel Demare, right, chairman of the Swiss farm chemicals giant Syngenta, with Ren Jianxin, the chairman of ChemChina, during a news conference in Basel in 2016.

Trump’s EPA moves to dismantle programs that protect kids from lead paint

Washington Post
This post has been updated. Environmental Protection Agency officials are proposing to eliminate two programs focused on limiting children’s exposure to lead-based paint, which is known to cause damage to developing brains and nervous systems.

Asthma inhalers recalled due to defect

WXIA-TV
ZEBULON, N.C. — The manufacturer of a popular brand of inhalers is recalling almost 600,000 of its products due to a defect. The Food and Drug Administration reports that GlaxoSmithKline (GSK) is recalling 593,088 Ventolin HFA (albuteral sulfate

Maine airports push to regulate Uber, Lyft

Press Herald
A bill in the Legislature would allow city governments to regulate ride-sharing companies at airports. By Peter McGuireStaff Writer.

Most Fed policymakers see change to balance sheet policy ‘later this year’ – minutes

Reuters
FILE PHOTO: A man walks past the Federal Reserve Bank in Washington, D.C., U.S. December 16, 2015. REUTERS/Kevin Lamarque/File Photo.

Asian Markets Lower After Fed Minutes

Nasdaq
(RTTNews.com) – Asian stock markets are in negative territory on Thursday following the overnight losses on Wall Street after the latest FOMC meeting minutes revealed that the Federal Reserve is ready to start shrinking its bloated $4.5 trillion

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