Latest Jeff Bezos News

Adani accuses short-seller Hindenburg of attacking India

Jan. 30, 2023 07:34 AM EST

NEW DELHI, India (AP) — India’s Adani Group, run by Asia’s richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it “malicious,” “baseless” and full of “selective misinformation.” Shares in the conglomerate have suffered...

Adani mulls suing US short-seller as shares sink up to 20%

Jan. 27, 2023 06:36 AM EST

NEW DELHI (AP) — Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that have led investors to dump its stocks....

AmazonSmile's end is alarming, say nonprofits that benefited

Jan. 25, 2023 12:25 PM EST

Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase...

New MacKenzie Scott website details $14 billion in gifts

Dec. 15, 2022 15:31 PM EST

Philanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019, according to her long-awaited website Yield Giving, unveiled Wednesday night. Scott also announced that she plans to introduce an “open-call...

Indian coal magnate Gautam Adani steps up green investments

Dec. 02, 2022 11:32 AM EST

NEW DELHI (AP) — Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s. He's now set his sights on becoming the world's biggest renewable energy player, by 2030, by promising to...

Foundations call for cooperation, some new pledges at COP27

Nov. 18, 2022 12:11 PM EST

As communities around the globe press their case at the COP27 conference in Egypt that climate damage is forcing migration and causing suffering as never before, philanthropic foundations pooled their resources to donate more than $2 billion to support climate adaptation projects. Overall, though...

Amazon plans new virtual care offering based on messaging

Nov. 15, 2022 09:32 AM EST

Amazon is stepping back into virtual care with a new service that uses secure messaging to connect patients with doctors for help with nearly two dozen conditions. The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states to provide medication refills and care for...

MacKenzie Scott acknowledges another $2B in donations

Nov. 14, 2022 18:23 PM EST

NEW YORK (AP) — Megadonor and novelist MacKenzie Scott announced almost $2 billion in donations to 343 organizations in a short blog post Monday, emphasizing her interest in supporting people from underserved communities. In her first post in nearly eight months, Scott showcased...

Jeff Bezos says he will give away most of his fortune

Nov. 14, 2022 10:11 AM EST

NEW YORK (AP) — Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune. Bezos, whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion,...

Ex-housekeeper sues Jeff Bezos, claims discrimination

Nov. 03, 2022 20:07 PM EDT

SEATTLE (AP) — A former housekeeper for Amazon founder Jeff Bezos says she and other employees suffered unsafe working conditions that included being forced to climb out a laundry room window to get to a bathroom anytime the Bezos family was home. In a lawsuit filed in King County...