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Amazon's quarterly profit misses estimates, shares tumble

Amazon.com Inc reported a lower-than-expected quarterly profit on Thursday as expenses rose and the company provided a disappointing fourth-quarter revenue forecast.

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Twitter cuts jobs with eye on 2017 profit; Vine discontinued

Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down even as quarterly results eclipsed Wall Street's beaten-down expectations, lifting shares that had fallen after a failed effort to sell the company.

Tech, Twitter 1:32pm EDT

Ford, GM pitch new strategies; Wall Street snubs them

DETROIT Ford Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the U.S. auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers.

3:06pm EDT

Belgium breaks deadlock over EU-Canada free trade pact

BRUSSELS Belgium's regions agreed to a free trade pact with Canada on Thursday, ending weeks of uncertainty when internal divisions in just one country blocked the European Union of 500 million people sealing the landmark deal. | Video

2:56pm EDT

U.S. Senate panel to hold hearing on AT&T-Time Warner deal on December 7

WASHINGTON The U.S. Senate Judiciary Committee's antitrust subcommittee will hold a hearing on Dec. 7 on the proposed merger of Time Warner Inc and AT&T Inc , and the companies' chief executives will testify, the committee said in a statement.

Tech, Deals 3:20pm EDT

Hyundai, Kia to pay $41.2 million to U.S. states over mileage claims

WASHINGTON Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve an investigation by 33 U.S. states over the their 2012 mileage restatements, state attorneys general said on Thursday.

3:13pm EDT


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