The Other Side of Life 24/7: Daily Investor Briefing: Amazon posts larger second-quarter...

Thursday, July 24, 2014

Daily Investor Briefing: Amazon posts larger second-quarter...

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07/24/2014

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Amazon posts larger second-quarter loss, but revenue rises

SAN FRANCISCO (Reuters) - Amazon.com Inc posted a larger loss in the second quarter as its rapid pace of investment in new businesses such as digital content and same-day delivery offset revenue growth, sending its shares lower in after-hours trading.

Visa quarterly profit rises 11 percent on card growth

(Reuters) - Visa Inc, the world's largest credit and debit card company, reported an 11 percent rise in quarterly profit as more people around the world used plastic instead of cash to make purchases.

Starbucks Americas sales up slightly more than expected

(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent.

Wall St. ends mostly flat, S&P at record close

NEW YORK (Reuters) - Stocks ended a quiet session with little movement on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 scored another record close.

U.S. auto sales seen rising 9 percent in July: JD Power-LMC

DETROIT (Reuters) - U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday.

Facebook goes express to mega-cap status - now valued more than AT&T, Coke

NEW YORK (Reuters) - 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.

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

DETROIT (Reuters) - 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.

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

WASHINGTON (Reuters) - 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.

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

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

Stagnant wages leaves central banks fretting over fate of workers

WASHINGTON/FRANKFURT (Reuters) - After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in workers' paychecks?