IBT Staff Reporter

57451-57480 (out of 154942)

Amazon's Selipsky bullish on AWS profitability

Ever since Amazon Web Services emerged as the next big thing for e-commerce giant Amazon.com Inc a few years ago, Wall Street has debated whether the business mints money or just breaks even.

On Facebook, Jesus More Popular Than Bieber, Gaga

According to a website called All Facebook, an independent site which measures Facebook traffic, a page called Jesus Daily has, for at least 18 weeks in a row, been labeled as the most engaging Facebook page.

Japan machinery orders slump, signal weak investment

Japan's core machinery orders tumbled in July at twice the pace economists' had expected in a sign that companies are delaying investment due to worries about a strong yen, slackening global growth and slow progress in reconstruction from the March earthquake.

Exclusive: GM, UAW chiefs meet, talks heat up

Contract talks between General Motors Co and the United Auto Workers union have intensified and shifted to consideration of the scope and terms of a profit-sharing deal for some 49,000 workers at the top American automaker, people with knowledge of the talks said.

GM CEO, UAW chief meet; contract talks intensify: sources

Contract talks between General Motors Co and the United Auto Workers union have intensified and shifted to consideration of the scope and terms of a profit-sharing deal for some 49,000 workers at the top American automaker, people with knowledge of the talks said.

Exclusive: Facebook doubles first-half revenue

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Wall Street jumps as Europe debt concerns ease

Wall Street bounced more than 2 percent on Wednesday, reversing three days of losses after Germany's top court smoothed the way for Berlin's participation in bailouts that could ease Europe's debt crisis.

Iridium to sell new phone, other services

Iridium Communications Inc unveiled what it called the world's most rugged satellite handset on Wednesday as part of a new suite of services designed to run off its 66-satellite global network.

Best Buy unveils new third-party Marketplace

Best Buy Co said on Wednesday it will offer products online from other sellers through a new third-party Marketplace as the electronics retailer tries to better compete with Internet rivals Amazon.com and eBay Inc.

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