• Anadarko would give Chevron a huge presence in the Permian Basin in West Texas, one of the most valuable oil-producing areas in the U.S. Amazon’s growth is slowingIn Amazon’s annual letter to its shareholders, Jeff Bezos shared insights about the financial performance of his e-commerce behemoth. Third-party sales on Amazon increased to $160 billion in 2018 from $100 million in 1999 — a compound annual growth rate of 52 percent. Amazon’s first-party sales rose to $117 billion from $1.6 billion in the same period, a growth rate of 25 percent. Growth in Amazon’s total merchandise sales is slowing, according to calculations by Shira Ovide of Bloomberg Opinion.

Source: New York Times April 12, 2019 10:34 UTC