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Amazon's heavy investing eats into bottom line, shares drop

SAN FRANCISCO - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

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Argentina, holdouts meet in debt dispute with court appointee

NEW YORK - Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argentina could once again default.

7:07pm EDT

General Motors may put Brazil workers on paid leave: union

SAO PAULO - General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy.

7:39pm EDT

Senate panel to consider 'too big to fail' report

WASHINGTON - A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors think they would be bailed out in a crisis.

U.S. judge says she is troubled by Apple $450 million e-books deal

NEW YORK - A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals.

Tech, Deals 8:03pm EDT

Facebook goes express to mega-cap status - now valued more than AT&T, Coke

NEW YORK - In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.

Tech, Media, Facebook 5:47pm EDT

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