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Business

A Blue Christmas for Amazon?

CORPORATE | By Mae Anderson | Friday Oct 24, 2014
It might be a blue Christmas for Amazon. The world's largest retailer gave a disappointing forecast for the crucial holiday quarter. The company also reported a wider loss than analysts expected for the third quarter.

Rules on Bank Risk in Mortgage Bonds Being Adopted

LEGAL | Oct 24
Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and auto loans. This could mean fewer borrowers will need to make hefty down payments.

Rural Areas Seek Piece of Subprime-Loan Settlement

LEGAL | By Hope Yen | Oct 24
Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help.

Cloud Business Lifts Microsoft's Quarterly Results

CORPORATE | By Brandon Bailey | Oct 24
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.

Gov't Auto-Safety Website Leaving Drivers in the Dark

LEGAL | Oct 23
The National Highway Traffic Safety Administration urged car owners to have exploding airbags immediately removed from their vehicles, the agency's website provided little information about the problem.

Top Mortgage Firm Accused of Abuses

LEGAL | By Alex Veiga | Oct 23
One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged.

Google's Streaming Music Service Adds Mood to Mix

CORPORATE | By Michael Liedtke | Oct 23
Google's music-subscription service will try to anticipate its listeners' mood swings as it amplifies its competition with Pandora, Spotify and other popular services that play tunes over the Internet.

Verizon Reports Higher 3Q Net Income, Revenue

CORPORATE | Oct 23
Verizon Communications Inc. reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Exploding Airbags: Gov't Issues Warnings

CORPORATE | Oct 23
Dangerous airbags in more than 11 million cars are under recall after it was found that the airbags can explode, sending metal shrapnel into drivers and passengers. Jeff Glor reports.

EDGE 10.0: The Decade in CEOs

CORPORATE | By Steve Weinstein | Oct 23
TKT TKT TKT

New Gloss on Cuba's Classic Cars

CORPORATE | Oct 22
When Martin Viera's Chevrolet rolled out of the dealer's lot, Harry Truman was president of the United States, gasoline cost 27 cents a gallon and a 24-year-old lefty named Tommy Lasorda was pitching for Almendares in the Cuban winter baseball league.