Business Latest News Wires

  • A blue Christmas for Amazon?

    Amazon (AMZN) announced larger-than-expected losses for the third quarter and gave a disappointing forecast for the holiday quarter, causing AMZN shares to fall 11 percent in after-market trading, on top of the 22 percent decline Amazon stock has already suffered this year.

  • Mortgage rates fall, but that doesn't inspire home buying

    Mortgage rates have been trending lower for several weeks, prompting an 11.6 percent jump in mortgage applications last week. But the surge was driven by refinances instead of new buys, suggesting that mortgage rates aren't the key to home ownership. 

  • Recall of exploding air bags now covers almost 8 million cars

    The government's auto safety agency is now warning 7.8 million car owners that inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are deployed. Manufacturers have limited the recalls to high-humidity areas, excluding cars and trucks in states to the North.

  • Consumer prices barely rise. Will Fed keep rates low longer? (+video)

    US consumer prices rose marginally in September as energy costs fell broadly, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. Consumer prices edged up 0.1 percent last month after declining 0.2 percent in August. 

  • Target will offer free shipping on all holiday items starting today

    Target will offer free shipping for the first time on all items bought during the holidays to try and compete better with the likes of Amazon. Target says its free shipping starts Wednesday and will last through Dec. 20. 

October 23, 2014

Photos of the day 10/23

Two raccoons look for food in a hollowed-out pumpkin in the zoo in Hanover, Germany.

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