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Amazon's losses widen, shares drop

SAN FRANCISCO - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.

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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 3:16pm EDT

Lloyds expected to pay up to $509.5 million as LIBOR fine

- Lloyds Banking Group is expected to announce early next week that the British bank would pay between 200 million pounds and 300 million pounds ($509.52 million)to settle benchmark interest rate (LIBOR) fixing allegations, the Financial Times reported late on Thursday.

4:52pm EDT

GM's profit falls on recall costs, victims' compensation fund

DETROIT - General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. | Video

12:21pm EDT

U.S. jobless claims hit more than eight-year low, but home sales tumble

WASHINGTON - The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.

1:55pm EDT

U.S. judge won't void five ex-Madoff employees' convictions

NEW YORK - The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

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