Corporations give to tsunami relief
Date: Thursday, December 30 @ 10:52:11 CST
Topic: Archive of stories pre April 2007


NEW YORK (CNN/Money) - Corporations reached out to help the victims of Sunday's earthquake-triggered tsunamis in southern Asia.

Amazon.com (up $0.08 to $44.90, Research) posted links on Web sites to the International Federation of the Red Cross immediately after the underwater earthquake off the Indonesian coast triggered tsunamis that will claim well over 120,000 lives and has raised more than $3.8 million in disaster relief aid.

According to the site, 60,000 online donations totaling $3.5 million had been collected by Wednesday evening and contributions topped $3.8 million by Thursday.

EBay (up $0.05 to $117.61, Research) users can give to eight aid organizations through the website. Sellers on ebay can also sell items through the company's ebay "giving works" program and donate 10% to 100% of the proceeds to one of the eight charities.

Microsoft (down $0.04 to $26.86, Research) founder Bill Gates is giving money through the Bill & Melinda Gates Foundation, pledging an initial $3 million to nongovernmental organizations.

Starbucks (down $0.83 to $63.04, Research) has made an initial contribution of $100,000 to international relief organizations CARE and Oxfam UK.

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