Latest Business News: Amazon Reports a Small Loss

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Latest Business News: Amazon Reports a Small Loss

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Latest Business News: Amazon Reports a Small Loss

by Wochit 0:47 mins

While Amazon's razor-thin profits turned to razor-thin losses, the company's revenue increased 22 percent. Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors is working on an agreement with U.S. prosecutors for an order to "reasonably protect all parties legitimate interests" as the firm faces criminal insider trading charges. The Revolution growth fund, started by Steve Case and two former AOL colleagues, has invested in Bigcommerce, a start-up whose software helps companies create and manage online stores.

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