Amazon revenue, spending surges
Amazon.com Inc will use its surging revenue to boost growth and drive expansion into areas such as Web content and cloud computing rather than boost its margins.
Walmart Express hits Chicago
Wal-Mart Stores Inc is opening its first small store in Chicago this week in the first true test of a store format the world's largest retailer hopes will let it penetrate urban markets that it so far has had trouble cracking.
Only 15 Pct of New Yorkers Check Calorie Information for Fast-Food
Only 15% of people who consume fast food in New York City check the calorie information on the menus, according to a study published in British Medical Journal (BMJ).
Senator Franken urges thumbs down to AT&T T-Mobile deal
Senator Al Franken called on federal regulators on Tuesday to reject AT&T's proposed buy of rival T-Mobile, saying it would mean pricier wireless and could cost thousands of jobs.
Sheryl Crow donates Mercedes to help tornado victims
Singer and Missouri native Sheryl Crow is auctioning her vintage Mercedes convertible to help rebuild ten schools destroyed or damaged by a deadly May tornado in the town of Joplin.
Bears Rumors: Olin Kreutz wants to retire in Chicago
Chicago Bears standout center Olin Kreutz will be on the free agent market this week, soon after the signing period begins. That doesn't mean that Kreutz wants to test the market.
Cadel Evans’ Galibier Chase of Schleck Was the Defining Moment of Tour de France 2011
As the Tour de France approached the Alps, Cadel Evans was in the perfect position to win the entire race, since he only needed to keep up with his rivals on the mountains and then put in a good time trial performance which he was capable of doing.
New York challenges Defense of Marriage Act
Two days after same-sex marriage became legal in New York, the state's attorney general has taken legal action challenging the constitutionality of the U.S. law which defines marriage as between a man and woman.
Casey Anthony judge blasts media, holds back juror names
The names of jurors in the Casey Anthony murder trial will remain secret until at least October 25 to allow those enraged by her acquittal to "compose and restrain themselves," according to the judge's order on Tuesday.
Comcast bows live ads with on-demand on NBC Universal
Cable company Comcast Corp is teaming up with its NBC Universal unit to help programmers dynamically place commercials around on-demand TV shows in a bid to drive new advertising revenue.
EA posts narrower-than-expected loss
Video game publisher Electronic Arts Inc, reported a narrower-than-expected loss and raised its second-quarter earnings forecast, as it sold more copies of the puzzle game Portal 2 than expected and pocketed more money on digital games.
Contador doping case put back to November: CAS
Triple Tour de France champion Alberto Contador's Court of Arbitration for Sport (CAS) hearing over a failed dope test, due to start on August 1, has been postponed until at least November, the Swiss court said on Tuesday.
UBS says profitable U.S. brokerage unit not for sale
The North American brokerage arm of UBS AG said on Tuesday that its second-quarter earnings benefited from higher fee and interest income, and that contrary to ongoing chatter, the unit is not for sale.
U.S. likely to lose top rating, economists say
The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.
Facebook tackles face-recognition privacy concern
Facebook has made it easier for users to opt out of its controversial facial-recognition technology for photographs, an effort to address concerns that it had violated consumers' privacy.
Instant view: Amazon results beat Street, margins wane
Amazon.com Inc reported a dip in earnings but its revenue forecast raced past Wall Street's expectations, propelling its shares higher in after-hours trade.
Amazon revenue surges and stock jumps
Amazon.com Inc reported a surge in quarterly revenue and said revenue for the current quarter would be better than expected, sending its shares up more than 6 percent.
Amazon revenue surges, stock jumps
Amazon.com Inc reported a surge in quarterly revenue on sales of its kindle electronic reader and other electronics and forecast far better-than-expected revenue for the current quarter, sending its shares up more than 6 percent.
Astronomers Find Largest, Most Distant Reservoir of Water
Astronomers found a reservoir of water measuring 140 trillion times the earth's ocean water in space. The reservoir of water is the most distant ever discovered in the universe, said two teams of researchers.
Amazon Profits Fall, Expects New Tablet in Fall
Amazon reported a fall in profit, but a surge in sales on Tuesday. The surge was mainly attributed to strong sales of Kindle e-reader, subsidized by advertising.
Downgrade seen adding $100 billion to U.S. funding costs
A downgrade of the United States' AAA credit rating is a bigger risk than a default and could over time add up to 0.7 percentage point to bond yields, members of a U.S. securities industry group said on Tuesday.
Amazon revenue surges
The largest Internet retailer benefited from growth in e-commerce, though margins continued to be pressured by heavy spending on distribution, technology and digital content.
California "Dream Act" approved for illegal immigrants
California Governor Jerry Brown signed into law on Monday a bill allowing illegal immigrants to receive privately funded scholarships to attend the state's public colleges and universities.
Steelmakers warn of weak outlooks
Many of the world's leading steelmakers warn that profits in the second half of this year will be hurt because of the slow economic recovery, along with lower steel prices and higher raw material costs.
S&P, Moody's execs to testify before Congress
Executives from rating agencies Standard & Poor's and Moody's Investors Service are scheduled to testify on Wednesday on attempts to reform the credit rating industry and the role it is playing in the U.S. debt ceiling debate.
Home price rise fails to lift housing gloom
Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties.
Debt talks buffet stocks, but chipmakers shine
The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.
Judge to rule this week on Dynegy restructuring
A Delaware court is likely to rule by Friday on whether Dynegy Inc's proposed debt restructuring should be put hold, according to a Dynegy spokesman.
SAP raises outlook in defiance of weak Europe fears
Germany's SAP AG expects to reach the high end of its 2011 forecasts after a strong second quarter, confounding fears of a slowdown in economically fragile Europe and lifting its shares.
Health Advocates: McDonald?s Has Made a Good First Step
Health advocates say the fast food chain still has a ways to go.