WASHINGTON (Reuters) - U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.
Chevron Corp. posted its lowest quarterly profit in five years and said it would trim its ambitious spending plans as the collapse in oil prices erased billions of dollars in cash flow.
SAN FRANCISCO - Jeff Bezos showed Amazon.com can still pull out a profit, though the chief executive officer made no promises that he'll do it again next quarter.
Mattel Inc. 's new interim chief executive said Friday the toy maker's disastrous results are largely self-inflicted, pointing to a raft of problems from lackluster new products to misplaced marketing strategies.
(Bloomberg) -- American Airlines Group Inc. cleared a crucial hurdle in the 2013 US Airways merger as pilots approved a five-year contract that will provide an immediate 23 percent pay increase and annual raises.