This story is part of , CNET’s guide on everything you need to know and how to make sure you get the best deal.
If you’ve ever thought about buying a dedicated e-reader, Amazon will once again have deep discounts on some of its Kindle e-readers as part of Prime Day 2020, which starts on Tuesday, Oct. 13. At $80, the Kindle Paperwhite will be $50 off, which is $5 less than the product’s all-time previous. We think it will be a particularly popular Prime Day deal.
Prime Day is also an opportune time to consider the Kids Edition of the entry-level Kindle; you can save $35 off the list price of $110 and also snag a free case and a year of Amazon’s Kid Plus subscription service, a $36 value.
Furthermore, Amazon will be offering a $5 credit for “any Kindle book” with the purchase of select Kindle devices.
Like most of the other Prime Day sales, these are expected to begin on Tuesday, Oct. 13 at 12:01 a.m. PT and last for up to 48 hours. If you’re not seeing the deal you were hoping for, don’t lose hope — experience has shown us that there are likely other Prime Day Kindle deals to come.
It’s unclear whether the higher-end Kindle Oasis or baseline Kindle (non-Kids Edition) will also be on sale, but we’ll keep an eye on their prices because Amazon often slips previously unannounced deals (in addition to a lightning deal or two) on its devices into Prime Day. If you’re looking for other Amazon device lists, check out our coverage of the.
This is the Goldilocks in Amazon’s line and our current CNET Editors’ Choice in the category. Here are some things we love about the Kindle Paperwhite:
- It’s 10% thinner and lighter than the previous version.
- It has a “flush-front” design with a back made of a softer, grippy material instead of hard plastic.
- It’s a fully waterproof Kindle, like the high-end Kindle Oasis, and has a plastic screen that Amazon says is shatter- and scratch-resistant.
- It has built-in Bluetooth, so you can download Amazon Audible audiobooks and listen to them with wireless headphones.
Note that Amazon could update the Kindle Paperwhite in 2020 (it was released in Nov. 2018). If and when that happens, it’s unclear how much of an upgrade it will be. For instance, USB-C charging could be added and perhaps the lighting scheme could be updated, but we wouldn’t expect any dramatic upgrades.
The latest iteration of Amazon’s entry-level ebook reader, which Amazon simply calls the Kindle, now has a self-illuminated screen and an upgraded design. At $90, this ebook reader does cost $10 more than the previous model, the Kindle 2016, but this Kindle device regularly goes on sale for as little as $60. We prefer the Amazon Kindle Paperwhite, which has the high-resolution display (text and images appear a bit sharper), is waterproof and has a slightly better lighting scheme. But if you don’t want to spend much for an e-reader, the standard Kindle is a good option, especially when it’s discounted.
The Kids Edition on sale here includes a case — there are 4 case options to choose from — along with a year of Amazon Kids Plus (FreeTime Unlimited), which normally costs $3 a month and gives you access to hundreds of kids books. Amazon Kids Plus includes the complete Harry Potter series, and the first book from other popular series such as Artemis Fowl.
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Samsung chairman Lee Kun-Hee dies at 78 – Global News
SEOUL, Korea, Republic Of — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. He was 78.
A Samsung statement said Lee died on Sunday with his family members, including his son and de facto company chief Lee Jae-yong, by his side.
Lee Kun-Hee had been hospitalized since May 2014 after suffering a heart attack and the younger Lee has run Samsung, the biggest company in South Korea.
“All of us at Samsung will cherish his memory and are grateful for the journey we shared with him,” the Samsung statement said. “Our deepest sympathies are with his family, relatives and those nearest. His legacy will be everlasting.”
Lee Kun-hee inherited control from his father and during his nearly 30 years of leadership, Samsung Electronics Co. became a global brand and the world’s largest maker of smartphones, televisions and memory chips. Samsung sells Galaxy phones while also making the screens and microchips that power its rivals, Apple’s iPhones and Google Android phones.
Samsung helped make the nation’s economy, Asia’s fourth-largest. Its businesses encompass shipbuilding, life insurance, construction, hotels, amusement park operation and more. Samsung Electronics alone accounts for 20% of the market capital on South Korea’s main stock market.
Lee leaves behind immense wealth, with Forbes estimating his fortune at $16 billion as of January 2017.
His death comes during a complex time for Samsung.
When he was hospitalized, Samsung’s once-lucrative mobile business faced threats from upstart makers in China and other emerging markets. Pressure was high to innovate its traditionally strong hardware business, to reform a stifling hierarchical culture and to improve its corporate governance and transparency.
Samsung boss could end up in jail, again
Samsung was ensnared in the 2016-17 corruption scandal that led to then-President Park Geun-hye’s impeachment and imprisonment. Its executives, including the younger Lee, were investigated by prosecutors who believed Samsung executives bribed Park to secure the government’s backing for a smooth leadership transition from father to son.
In a previous scandal, Lee Kun-Hee was convicted in 2008 for illegal share dealings, tax evasion and bribery designed to pass his wealth and corporate control to his three children.
The late Lee was a stern, terse leader who focused on big-picture strategies, leaving details and daily management to executives.
His near-absolute authority allowed the company to make bold decisions in the fast-changing technology industry, such as shelling out billions to build new production lines for memory chips and display panels even as the 2008 global financial crisis unfolded. Those risky moves fueled Samsung’s rise.
Lee was born Jan. 9, 1942, in the southeastern city of Daegu during Japan’s colonial rule of the Korean Peninsula. His father Lee Byung-chull had founded an export business there in 1938 and following the 1950-53 Korean War, he rebuilt the company into an electronics and home appliance manufacturer and the country’s first major trading company.
Lee Byung-chull was often called one of the fathers of modern industrial South Korea. Lee Kun-Hee was the third son and his inheritance of his father’s businesses bucked the tradition of family wealth going to the eldest. One of Lee Kun-Hee’s brothers sued for a bigger part of Samsung but lost the case.
When Lee Kun-Hee inherited control from his father in 1987, Samsung was relying on Japanese technology to produce TVs and was making its first steps into exporting microwaves and refrigerators.
The company was expanding its semiconductor factories after entering the business in 1974 by acquiring a near-bankrupt firm.
A decisive moment came in 1993. Lee Kun-Hee made sweeping changes to Samsung after a two-month trip abroad convinced him the company needed to improve the quality of its products.
In a speech to Samsung executives, he famously urged, “Let’s change everything except our wives and children.”
Not all his moves succeeded.
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A notable failure was the group’s expansion into the auto industry in the 1990s, in part driven by Lee Kun-Hee’s passion for luxury cars. Samsung later sold near-bankrupt Samsung Motor to Renault. The company also was frequently criticized for disrespecting labour rights. Cancer cases among workers at its semiconductor factories were ignored for years.
In 2020, Lee Jae-yong declared heredity transfers at Samsung would end, promising the management rights he inherited wouldn’t pass to his children. He also said Samsung would stop suppressing employee attempts to organize unions, although labour activists questioned his sincerity.
South Koreans are both proud of Samsung’s global success and concerned the company and Lee family are above the law and influence over almost every corner of society.
Tech Talk: Samsung Galaxy Z
Critics particularly note how Lee Kun-Hee’s only son gained immense wealth through unlisted shares of Samsung firms that later went public.
In 2007, a former company lawyer accused Samsung of wrongdoing in a book that became a bestseller in South Korea. Lee Kun-Hee was subsequently indicted on tax evasion and other charges.
Lee resigned as chairman of Samsung Electronics and was convicted and sentenced to a suspended three-year prison term. He received a presidential pardon in 2009 and returned to Samsung’s management in 2010.
This story contains biographical material compiled by former AP business writer YouKyung Lee.
© 2020 The Canadian Press
Cenovus to buy Husky Energy for $3.8B, designed to 'weather the current environment' – CBC.ca
Cenovus Energy Inc. has agreed to buy rival Husky Energy Inc. in an all-stock deal valued at $3.8 billion as weak oil prices and a collapse in demand driven by the pandemic force the industry to consolidate.
The merged Cenovus Energy Inc. will remain headquartered in Alberta. The deal would combine the companies into a new integrated oil and gas business with increased and more stable cash flows, the statement said.
Cenovus’s deal for Husky is valued at $23.6 billion, including debt, the companies said in a joint statement.
Cenovus CEO Alex Pourbaix will head the combined company, with Husky chief financial officer Jeff Hart taking on that role at the new entity.
“We will be a leaner, stronger and more integrated company, exceptionally well suited to weather the current environment and be a strong Canadian energy leader in the years ahead,” Pourbaix said in the statement.
“The diverse portfolio will enable us to deliver stable cash flow through price cycles, while focusing capital on the highest-return assets and opportunities. The combined company will also have an efficient cost structure and ample liquidity.”
The deal is the latest sign of consolidation in an energy sector that has been battered by the twin crises of the COVID-19-related economic slowdown and low crude oil prices.
Last Monday, ConocoPhillips announced it would buy shale producer Concho Resources in a deal valued at $9.7 billion U.S. that would create one of the largest U.S. oil producers.
Earlier in the month, one analyst pointed to the acquisition of a 17.6 per cent stake in Calgary oil and gas producer NuVista Energy Ltd. by rival Paramount Resources Ltd. as part of a trend toward “forced” consolidation in the troubled Canadian energy sector.
Ending oil curtailment quotas
News of the Cenovus-Husky deal follows a Friday announcement from Alberta’s government that the province would end its oil curtailment quotas, a temporary measure intended to support oil prices.
Spokespeople for both companies said Friday they welcomed the move. Indeed, Cenovus had already been producing above its curtailment levels with credits purchased from other companies.
Combining the companies will create annual savings of $1.2 billion, largely achieved within the first year and independent of commodity prices, the companies said.
“Bringing our talented people and complementary assets together will enable us to deliver the full potential of this resilient new company,” Husky CEO Rob Peabody said in the statement.
“The integration of Cenovus’s best-in-class in situ oil sands assets with Husky’s extensive North American upgrading, refining and transportation network … will create a low-cost competitor and support long-term value creation.”
The combined company will be the third-largest Canadian oil and natural gas producer, based on total company production, Cenovus said. It will have low exposure to oilsands benchmark crude, which typically trades at a discount to North American benchmark West Texas intermediate.
The transaction has been approved by both boards and is expected to close in the first quarter of 2021, pending shareholder and regulatory approvals.
Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share.
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