Wall St finally turning on Amazon as Bezos magic fades

October 27, 2014 0
Amazon CEO Bezos talks about his company's new Fire smartphone at a news conference in Seattle, Washington

By Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday. Amazon missed expectations across the board – on margins, on its net loss and on revenue. “They’re becoming much too distracted in all these other efforts” outside core businesses like online retailing and web services, said Matthew Benkendorf, portfolio manager at Vontobel Asset Management. Benkendorf unloaded his Amazon holdings a year ago and said he would be skeptical of future involvement even if the stock falls further.

Designer Oscar de la Renta’s funeral to be private New York affair

October 26, 2014 0
A fan of Dominican-born fashion designer Oscar de la Renta leaves messages of condolence in the window of a store carrying his brand in Santo Domingo

Oscar de la Renta, the renowned fashion designer who died on Monday at the age of 82, will be buried at a private funeral in New York early next month. A mass for family and close friends will be held on Nov. 3 at the Church of St. Ignatius Loyola at Park Avenue in Manhattan, according to Vogue magazine. During his lengthy career De la Renta was known for his sophisticated suits with fitted jackets, feminine dresses in pastel colors and flowered prints, and elaborate evening gowns. He was a favorite among actresses including Sarah Jessica Parker, Amy Adams and Jennifer Lawrence, who wore his creations on the red carpet.

Cuba stalemate makes identifying rafters difficult

October 26, 2014 0
In this Thursday, Oct. 9, 2014 photo, Aliandi Garcia shows a photo of his uncle Jose Ramon Acosta, standing in the background on his mobile phone, who drowned during his journey to the United States, in Miami. The bodies surfaced near a popular South Florida beach: four men, all in the height of their youth, with nothing to identify them. Around the same time, Ramon Saul Sanchez began receiving phone calls: a group of nine Cuban migrants, including one pregnant woman, had left the island a week before. (AP Photo/Alan Diaz)

MIAMI (AP) — The bodies surfaced 20 miles (32 kilometers) from a popular South Florida beach: Four men, still youthful. Their remains were badly deteriorated, bitten by sharks, the faces unrecognizable.

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Manson jail cell preserved in LA Hall of Justice

October 26, 2014 0

LOS ANGELES (AP) — Relics of an era when famous felons occupied the old Los Angeles Hall of Justice have been exorcised in a dazzling restoration. But a single grim artifact has been preserved: the claustrophobic jail cell occupied by Charles Manson, Sirhan Sirhan and other celebrity defendants.

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I’m not superstitious: SRK on Diwali releases

October 26, 2014 0

New Delhi, Oct 26 (IANS) Since the 1990s, Shah Rukh Khan’s movies have been creating fireworks at the box office during Diwali festival. And the superstar’s latest “Happy New Year” (HNY) continued the trend by turning out a money-spinner. But King Khan rules out any superstition associated with the release date of his films.