Tag Archives: ceo

Amazon.com to Acquire Diapers.com and Soap.com

By Technology, , , , , , , , , , , , , ,

SEATTLE, Nov 08, 2010 (BUSINESS WIRE) — Amazon.com, Inc. today announced that it has reached an agreement to acquire Quidsi, Inc., which operates Diapers.com, an online baby care specialty site, and Soap.com, an online site for everyday essentials.

“I’m not sure which is more unpleasant–changing diapers, paying too much for them, or running out of them,” said Jeff Bezos, Founder and CEO of Amazon.com. “This acquisition brings together two companies who are committed to providing great prices and fast delivery to parents, making one of the chores of being a parent a little easier and less expensive.” (more…)

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BP Returns to Profit, Estimates Oil Spill at $40 Billion

By Economy, , , , , ,

Energy giant BP announced a return to profit on Tuesday but revealed new shock estimates for the cost of its Gulf of Mexico oil spill, putting the expected bill at close to $40 billion.

The new figure is far higher than expected. BP said it had taken an additional charge of $7.7 billion during the third quarter, bringing the company’s own total estimated clean-up and legal costs to $39.9 billion. (more…)

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