Wall Street finally turning on Amazon as Bezos magic fades

October 25, 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 24, 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. 4 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.

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Pulitzer-winning play ‘Disgraced’ probes identity, prejudice

October 24, 2014 0

By Patricia Reaney NEW YORK (Reuters) – A dinner party in an elegant New York apartment goes terribly wrong in “Disgraced,” the Pulitzer Prize-winning play about ambition, race, religion and identity that opened on Broadway. The five-character drama by writer Ayad Akhtar that began its run on Thursday night at the Lyceum Theatre after an earlier staging in New York in 2012 examines prejudices and relationships in post-Sept. 11 America.

Binoche explores risks, passion of war photography

October 24, 2014 0
This image released by Film Movement shows Juliette Binoche in a scene from, "A Thousand Times Goodnight." (AP Photo/Film Movement)

NEW YORK (AP) — Actress Juliette Binoche has long been fascinated by war photography, she says, and often wonders about the people who risk their lives to capture such photos. Who are they, and what are they like?

Britney Spears to get Vegas key, ‘Britney Day’

October 24, 2014 0
Britney Spears to get Vegas key, 'Britney Day'

Caesars Entertainment says pop star Britney Spears will get a key to the Las Vegas Strip and celebrate with her own dedicated day. The Las Vegas-based casino giant announced Thursday that it would host …