A lawsuit filed against the maker of Snapchat and two apps, YOLO and LMK, that use its platform, alleges the apps present an unreasonable risk of harm.earnings quarter, and it provided a sales forecast for the current period that was stronger than analysts’ estimates. Cash, cash equivalents and marketable securities stood at $73 billion at the end of March, near an all-time high.
“They can grow into this leverage,” Matt Brill, head of North America investment grade at Invesco Ltd., said on Bloomberg TV on Monday. “If you’re able to borrow for reasonably cheap, and then you’re able to get the operating leverage to go with it, it results in a lot of earnings.”Amazon has been a fairly infrequent issuer, but it comes in big on those rare occasions. It last tapped the bond market in June 2020, borrowing $10 billion for general corporate purposes.
The proceeds of Monday’s offering will be for general corporate purposes, which may also include acquisitions and working capital. The two-year bond will be allocated for eligible green or social projects, which may include clean transportation, renewable energy and sustainable buildings, according to bond documents.
Moody’s Investors Service upgraded Amazon one notch to A1, its fifth-highest investment-grade rating, with a stable outlook. Although the new debt sale temporarily increases leverage, proceeds are expected to be deployed over time for capital expenditures that fuel growth, which is a long-term positive for the credit, Moody’s analyst Charles O’Shea said.
Amazon has been on a spending spree since the pandemic began, building new warehouses and cloud-computing data centers across the world to meet surging demand from online shoppers and businesses turning to remote work. Purchases of property and equipment totaled $45 billion in the 12 months that ended in March, up from $20 billion during the prior period.The company’s board of directors authorized $5 billion in share buybacks in 2016, but it has never made purchases under that authority.
1/8 Solar & Wind are 0 emissions? Each 1 MW of solar farm power requires between 35 to 45 tons of steel, + you need to dig for cadmium, gallium, germanium, etc Make silicon Silicon metal is made from the reaction of silica (SiO2) -
They need to be taxing the shit out of these businesses Facebook Amazon Walmart they should be taxed like we are doubled tripled
This is HOW they Pay NOTHING in Federal Taxes! Close down The Loopholes NOW!
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