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Amazon plows ahead with high sales and spending; profit plunges

Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.

Recent Business 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.

3:05pm EDT

Flush times for hackers in booming cyber security job market

LAS VEGAS The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security.

Tech, Cybersecurity 8:07pm EDT

Verizon in talks to buy WideOpenWest's Chicago network: sources

U.S. wireless carrier Verizon Communications Inc is in talks to acquire cable operator WideOpenWest Inc's fiber network in the Chicago area for more than $200 million, according to people familiar with the matter.

5:20pm EDT

Trump Hotels talking to about 10 new franchisees for midscale brand

NEW YORK Trump Hotels, diversifying from a longtime focus on the luxury market, has about 10 hotels in the pipeline for its recently announced midscale American Idea chain, Chief Executive Eric Danziger said in an interview with Reuters.

Politics, Election 2016 6:14pm EDT

U.S. durable goods, trade data boost second-quarter growth estimate

WASHINGTON Shipments of key U.S.-made capital goods increased in June for a fifth straight month, suggesting that business spending on equipment helped to boost economic growth in the second quarter.

12:55pm EDT
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Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 

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