Amazon.com Inc. (AMZN) fell more than 11 percent after posting its widest loss since 2012, as its cloud-computing business showed signs of cooling and investments in new distribution warehouses and gadgets hold back profitability.
The Standard & Poor's 500 Index (SPX) extended a record as a rally in Facebook Inc. and growth in global manufacturing overshadowed a drop in home sales.
(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.
The number of users on the site continued to grow rapidly last quarter, while advertising revenue grew even faster. The social network exceeded investor expectations yet again Wednesday, announcing second-quarter net income of $791 million, up 138% ...
BEIJING (Reuters) - China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in.