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Media outlets are also boycotting the event. On Thursday, Fox News said it had canceled its sponsorship of and participation in the event, joining outlets such as CNN, the New York Times and Bloomberg LP. Goldman began operating in Riyadh in 2009 and obtained new licenses in 2014 and 2017 that have allowed it to expand. It bought a portion of oil giant Aramco’s $10 billion credit facility last year in an attempt to secure a role in the company’s IPO, which is delayed. The bank was recently hired by the Saudis’ main sovereign wealth fund, PIF, to advise on the sale of its majority stake in Saudi petrochemicals giant Saudi Basic Industries Corp (SABIC) to Aramco, sources have told Reuters.
LONDON (Reuters) - Amazon.com (AMZN.O) is opening its first office in Manchester, northern England, and expanding two other centers to house 1,000 new R&D roles in what it university of utah utes cufflinks said was a major new investment in British innovation, The U.S online retail giant will create 600 new corporate and development jobs in Manchester, take on an additional 250 people at its development center in Edinburgh, and add 180 roles in Cambridge, eastern England, it said on Thursday, Amazon’s UK country manager Doug Gurr said Britain was taking a leading role in the company’s global innovation..
“These are Silicon Valley jobs in Britain, and further cement our long-term commitment to the UK,” he said. The new engineers will work on technology including personalized shopping recommendations, machine learning, Amazon’s virtual assistant Alexa, AWS (Amazon Web Services) and its drone delivery project Prime Air, it said. Amazon, along with other U.S. tech giants Facebook, Google and Apple, have continued to invest in Britain despite any uncertainty caused by Brexit. Since 2010, Amazon said it had invested more than 9.3 billion pounds ($12.15 billion) in Britain and was on course to employ 27,500 people - including more than 6,500 in its corporate, AWS and R&D divisions - by the end of the year.
NEW YORK (Reuters) - PayPal Holdings Inc (PYPL.O) on Thursday reported a third-quarter profit that beat analysts’ estimates as the company signed up more new customers and volume university of utah utes cufflinks of payments processed rose, Net income rose to $436 million, or 36 cents per share, in the third quarter, from $380 million, or 31 cents per share, a year earlier, Revenue rose to $3.68 billion from $3.24 billion, Excluding one-time items, the company earned 58 cents per share, beating the average analyst estimate of 54 cents, according to Refinitiv..
For the fourth quarter, PayPal expects revenue between $4.20 billion and $4.28 billion, in line with analysts’ estimates of $4.21 billion estimate. Shares of the company, which separated from ecommerce site eBay Inc (EBAY.O) in 2015, were up 7 percent in trading after the bell on Thursday. In September it completed the purchase of Swedish payments firm iZettle, its largest ever acquisition. “As pleased as I am with our financials, the highlight of the quarter was our growth in net new actives and engagement,” PayPal Chief Executive Dan Schulman said on a call with analysts.
The company added a record 9.1 million new active accounts in the third quarter, compared to an increase of 8.2 million a year earlier, PayPal processed $143 billion in payments over the period, up 24 percent from a year earlier, Venmo, its peer-to-peer payment app popular with younger consumers, processed $17 billion of payments university of utah utes cufflinks in the third quarter, growing 78 percent, “And while it is still early, our monetization efforts appear to be reaching a tipping point,” Schulman said, He added that 24 percent of Venmo users have now participated in a “monetizable action,” up from 17 percent last quarter..
(Reuters) - Insurer American International Group Inc (AIG.N) said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion. The losses are largely related to typhoons in Japan as well as Hurricane Florence, which slammed North and South Carolina last month. Revisions to estimates associated with mudslides in California also contributed to losses, AIG said. The insurer said initial pre-tax loss estimates for Hurricane Michael were about $300 million to $500 million, which will be recorded in the fourth quarter. Hurricane Michael caused destruction in Florida and six other U.S. states this month.
WASHINGTON (Reuters) - Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide by net neutrality rules from receiving state contracts, The lawsuit was filed in U.S, District Court in Vermont by groups representing major providers like AT&T Inc (T.N), university of utah utes cufflinks Comcast Corp (CMCSA.O) and Verizon Communications Inc (VZ.N), It followed a lawsuit by four of the groups earlier this month challenging a much broader California law mandating providers abide by net neutrality rules..