Jeff Bezos Selling Billions In Amazon Stock Amid Focus On Politics, Space Travel
Billionaire Jeff Bezos is planning to unload millions of Amazon shares, which could be worth about $5 billion.
Bezos will sell up to 25 million Amazon shares, according to a filing with the Securities and Exchange Commission on Friday, May 2. The sales are expected to be completed by Friday, May 29, 2026.
The shares could be worth up to $5 billion, depending on their value when sold. The tech giant's stock opened at $191.90 per share on May 2, down about 21% from its record high in early February.
Bezos, who serves as Amazon's executive chair, founded the company a…
Eatery To Close Peekskill Location: 'I Am Not Giving Up,' Owner Says
A Northern Westchester eatery will soon be closing for good, its owner announced.
Blondery, a bakery in Peekskill at 922 Main St., will open for its last day on Sunday, Aug. 25, owner Auzerais Bellamy announced in a blog post.
The bakery, which opened in November 2022 as a retail space for the business's online storefront, specializes in gourmet blondies, layer cakes, doughnuts, cinnamon rolls, and dog treats.
According to Bellamy, the business's birth in Peekskill came about by happenstance.
"In 2021, we were operating out of a shared kitchen space in Br…
Ex-eBay Execs Who Sent Live Roaches, Fetal Pig To Natick Couple Sentenced To Prison: Feds
Two former eBay executives who pleaded guilty to sending live insects, a funeral wreath, and a bloody Halloween mask to intimidate a Natick couple are going to prison.
Federal prosecutors said James Baugh, age 47, of San Jose, CA, and David Harville, 50, of Las Vegas, "weaponized" the online auction giant's power and security services to silence the couple, but it didn't work.
Baugh, eBay's former senior director of safety and security, will serve 57 months in prison and pay a $40,000 fine, the US Attorney for Massachusetts said. Baugh pleaded guilty to …
Tech Entrepreneur Tony Hsieh, 46, Dies From Injuries In CT House Fire
Tony Hsieh, the retired CEO of online shoe and clothing retailer Zappos, died at age 46 from injuries sustained in a fire at a Connecticut home.
The blaze broke out on Wednesday, Nov. 18 in New London, and Hsieh died from his injuries on Friday, Nov. 27 at Bridgeport Hospital with his family by his side, according to KLAS 8 News Now in Las Vegas, where Zappos' headquarters is located.
Hsieh retired as Zappos CEO in August 2020 after 21 years. Before joining Zappos, he sold LinkExchange, an Internet advertising network, to Microsoft in 1998 for $265 million.
Hsieh, a Harvard graduate …
Updated Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs
Hundreds of delivery drivers will be laid off in the coming months as small logistics companies are dropped by mega-online retailer Amazon.
In this round, Courier Distribution Systems, LLC, will layoff or reduce the hours of 238 employees across its Milford, Dedham, and Everett facilities, according to a WARN letter filed with the Massachusetts Rapid Response Team.
In July, Systemized Logistics of Bristol, Connecticut, announced 50 employees would be laid off due to a decline in orders from Amazon, the company owner said in a WARN letter. The company made another 70 layoffs between its Mass…
Bed Bath & Beyond Will Close At Least 40 Stores
Bed Bath and Beyond is planning to close at least 40 stores to help stem losses after it lost $253.8 million in the fourth quarter last year.
The home goods retailer, founded in 1971 and headquartered in Union Township, New Jersey, forecast dismal first-quarter profits, sinking shares in its stock on Friday, Feb. 12 as the company struggles to compete with online retailers such as Amazon.
The 40 stores scheduled for closure were not announced.
While the company, with 1,550 locations and more than 60,000 employees, also announced it plans on opening around 15 new locations,…
