Amazon.com reported a 77 percent slump in quarterly profit as the company invests heavily in areas such as video content and in fast-growing economies such as India.
Business & Financial News, U.S & International Breaking News
Exclusive: Nordstrom family offers preferential terms to clinch buyout partner - sources
The group of Nordstrom Inc family members seeking to take the eponymous U.S. department store operator private is offering preferential terms to potential equity partners willing to fund the buyout, people familiar with the matter said.
Boy Scouts of America apologizes for Trump's 'political rhetoric'
The head of the Boy Scouts of America apologized to members of the youth organization on Thursday for the "political rhetoric that was inserted" into its national gathering this week by U.S. President Donald Trump.
Honda says Florida crash death may be linked to Takata air bag inflator
Honda Motor Co said on Thursday that a Takata airbag inflator ruptured in car crash last week in Florida, in what could be the 19th death worldwide linked to faulty airbags recalled as part of the largest automotive safety campaign in history.
Republicans kill border tax, focus on corporate rate cuts
A proposed border tax in the House of Representatives was killed on Thursday, bringing relief to retailers and other large importers whose profits faced threats and removing a hurdle that had kept negotiations on the long-promised Republican overhaul of the U.S. tax code from advancing.
Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors
Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.
Clashes kill five as Venezuelans protest vote for new congress
Clashes between Venezuelan security forces and demonstrators have killed five people during the latest opposition-led strike to protest against an election on Sunday critics say will mark the end of democracy in the OPEC nation.
Exp: Jul 17
Exp: Jul 17
Exp: Aug 17