LOS ANGELES - Amazon had warned that it would lose bundles of cash in the third quarter, and it didn't disappoint. The company said it had a net loss of $437 million for the quarter, compared with $41 million in the year-ago quarter.
NEW YORK (Reuters) - Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker.
Cash-strapped Sears Holdings rose 4.5% to $35.95 Thursday following a report that it plans to close 116 Sears and Kmart stores and lay off nearly 6,100 employees, many ahead of the Christmas shopping season.
The Canadian dollar closed higher Thursday amid positive economic news from Europe and China and rising commodity prices. The loonie gained 0.08 of a cent to end at 89.02 cents (U.
(Reuters) - Caterpillar Inc (CAT.N) shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries.