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  • A blue Christmas for Amazon?

    NEW YORK (AP) — It might be a blue Christmas for Amazon. The world's largest online retailer gave a disappointing forecast for the crucial holiday season. The company also reported a wider loss than analysts expected for the third quarter. Amazon has been investing heavily in an array of new products as it works on trying to grow its Amazon...

  • Cloud business lifts Microsoft's quarterly results

    SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. Revenue from cloud services, including software delivered over the Internet, more than doubled last quarter at a time when...

  • Sears refutes store-closing report

    NEW YORK (AP) — Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers. Seeking Alpha, a crowd-sourced financial news and market tracker, reported that Pennsylvania, Michigan and Indiana will see the most closings. Broken down, closures...

  • Spectranetics sets record for revenue, but still has third-quarter loss

    The biggest acquisition in Spectranetics Corp.'s history brought record revenue and a big loss in the third quarter, the company reported Thursday. But both results beat forecasts by the Colorado Springs-based medical laser manufacturer and Wall Street analysts who follow its stock. The company's revenue in the July-to-October period surged...

  • Glass maker deals to exit Apple, Arizona plant

    PHOENIX (AP) — Nearly 2,000 furnaces installed in an Arizona factory to make synthetic sapphire glass for Apple Inc. will be removed and sold under a deal between the tech giant and the company that had been gearing up to produce huge amounts of the product for use in Apple's products. Documents released by Merrimack, New Hampshire-based GT...

  • What to expect from your bond mutual fund

    NEW YORK (AP) — Oh, right. Stability. That's what bond mutual funds are for. When stock markets tumbled around the world last week, bond funds remained solid once again. They continued to inch ahead, while stock indexes swung up and down by more than 1 percent for five straight days. So many investors poured money into bonds in search of...

  • DaVita's $389 million settlement not an issue in sale of Colorado Springs medical practice

    A $389 million settlement DaVita Healthcare Partners Inc. finalized late Wednesday with federal prosecutors and regulators won't derail the Denver-based company's purchase of Colorado Springs Health Partners, officials said Thursday. In fact, the 76 doctors who own and unanimously agreed to sell the practice to DaVita "were well aware this was...

  • Grab your wallets; Colorado Springs apartment rents hit another record high

    Whether it's a luxury three-bedroom unit, an aging efficiency or just any old room with a view, apartment rents are soaring in Colorado Springs - hitting another record high during the second quarter, a new report shows. Lifestyle changes among younger and older residents have helped fuel a demand for multifamily living, while not enough new...

  • Juniper beats Street 3Q forecasts

    SUNNYVALE, Calif. (AP) — Juniper Networks Inc. on Thursday reported a better-than-expected third quarter and announced plans to increase its share repurchases. But a weak fourth-quarter outlook sent the computer network equipment maker's shares down in extended trading. The Sunnyvale, California-based company reported a third-quarter profit of...

  • Enticing low rates, but impact could be limited

    WASHINGTON (AP) — With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home. Yet there are limits to how far the wave can extend. Millions of homeowners already...

  • New Jersey files defense of sports betting effort

    NEWARK, N.J. (AP) — Claims that New Jersey's plan to allow legal sports gambling violates federal law are meritless, the state wrote in a court filing in response to efforts by four major U.S. pro sports leagues and the NCAA to stop gambling from beginning this weekend. The state filed the response late Wednesday to the leagues' request to a...

  • 4 more workers allege racial bias at Daimler plant

    PORTLAND, Ore. (AP) — Oregon expanded its investigation into discrimination at the Portland truck-making plant of German automotive giant Daimler AG after four more employees came forward with allegations of racial harassment. The four new civil rights complaints against Portland-headquartered Daimler Trucks North America bring the total to...

  • Optimize your game plan for holiday toy shopping

    NEW YORK (AP) — Looking for the holiday season's hot toys, like anything related to Disney's "Frozen"? Or maybe you're not picky and just looking for deals? Toy sellers are increasingly catering to time-starved, budget-conscious shoppers with new features on websites or improved layouts in the toy aisle. And you can expect more bargains than...

  • Pfizer approves $11B stock repurchase plan

    NEW YORK (AP) — Drugmaker Pfizer says it approved the repurchase of $11 billion in company stock. The New York company did not say when it would buy back the shares. Pfizer has $1.3 billion remaining from its latest stock repurchase program. Repurchasing shares can help support a company's stock price and earnings per share. Pfizer Inc. is...

  • US tech firm fined for underpaying Indian workers

    SAN FRANCISCO (AP) — A Silicon Valley company is paying more than $43,000 in back wages and penalties after labor regulators found eight employees brought from India were grossly underpaid and overworked while assigned to a special project in the U.S. The probe announced this week by the U.S Department of Labor uncovered several egregious...

  • Stocks surge as US companies report higher profits

    NEW YORK (AP) — Stocks are closing with big gains after several major U.S. companies reported higher profits. Caterpillar and 3M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3M rose 4 percent after each company reported earnings that impressed investors. The...

  • Fuel costs ease, US airline profits soar

    DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too. Heading into the busy holiday-travel period, the airlines expect even cheaper fuel, thanks to the nosedive in crude oil prices. The price of jet fuel, an airline's biggest single expense, has dropped by about one-fifth since...

  • Comcast wins more Internet customers, ad sales up

    NEW YORK (AP) — Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service. Its shares rose more than 3 percent in afternoon trading. Comcast is in the midst of a $45 billion takeover of Time Warner Cable, a...

  • Raytheon tops Street 3Q forecasts

    WALTHAM, Mass. (AP) — Raytheon Co. (RTN) on Thursday reported third-quarter net income of $515 million. On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $1.65, beating Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share. The...

  • Stocks surge as US companies report higher profits

    NEW YORK (AP) — Stocks are closing with big gains after several major U.S. companies reported higher profits. Caterpillar and 3M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3M rose 4 percent after each company reported earnings that impressed investors. The...

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