Amazon posts holiday sales close to expectations

SEATTLE Thu Jan 30, 2014 4:11pm EST

SEATTLE Jan 30 (Reuters) - Inc reported a $239 million fourth-quarter net profit on Thursday, helped by strong U.S. sales during the most competitive holiday season since the recession.

The world's largest Internet retailer, which has steadily chipped away at its brick-and-mortar rivals' market share, racked up $25.6 billion in revenue, versus expectations for just above $26 billion.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.