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Amazon.com, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [ 1] The funds gained from the IPO allowed Amazon to ...
Low rolling resistance tire. Low rolling resistance tires are designed to reduce the energy loss as a tire rolls, decreasing the required rolling effort — and in the case of automotive applications, improving vehicle fuel efficiency as approximately 5–15% of the fuel consumed by a typical gas car may be used to overcome rolling resistance. [1]
Financial cost. It is estimated that these tire failures and rollovers cost Bridgestone/Firestone $1.67 billion [ 72] and Ford Motor Company $530 million. Bridgestone's market price dropped by 50% and the resulting restructuring cost Bridgestone $2 billion. In 2001, Ford recorded a loss of $5.5 billion.
Amazon websites are country-specific (for example, amazon.com for the US and amazon.co.uk for UK) though some offer international shipping. [47] Visits to amazon.com grew from 615 million annual visitors in 2008, [48] to more than 2 billion per month in 2022. [citation needed] The e-commerce platform is the 14th most visited website in the ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Michelin. Michelin ( / ˈmɪʃəlɪn, - læ̃ /, French: [miʃlɛ̃] ), in full Compagnie Générale des Établissements Michelin SCA ("General Company of the Michelin Enterprises P.L.S. "), is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest ...
In 2005, Amazon announced Amazon Prime as a membership service offering free two-day shipping within the contiguous United States on all eligible purchases for an annual fee of $79 (equivalent to $123 in 2023) [4] and discounted one-day shipping rates. [5] Amazon launched the program in Germany, Japan and the United Kingdom in 2007; in France ...
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [ 83] Interest on the debt was $404 billion.
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