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Business

Amazon Grows, Profits Don't

Amazon.com, the Web's biggest retailer, reported a 22 percent growth in first quarter revenue Thursday to $16.1 billion, yet profits dipped.

Yahoo Chairman Fred Amoroso Steps Down

Yahoo announced that Fred Amoroso has resigned as chairman of the board, but will continue to serve on the board through the shareholders meeting on June 25. The board has appointed Maynard Webb Jr. to serve as interim chairman.

Starbucks Changes Will Be Tech Inspired

Starbucks CEO Howard Schultz's company is rolling in record profits and record sales, but he admits to having gee-whiz plans on the drawing board.

Facebook Does Faceplant Despite Market Rally

Social media mainstay Facebook has been trying to save face from its dismal IPO last May. But the progress has come in fits and starts.

Hostess to Hire 300 at Columbus Plant

The new owners of Hostess Brands, makers of Twinkies, Ding Dongs and other iconic snacks, plan to reopen the company's Columbus plant this summer.

Sony Doubles Profit Outlook to $404 Million

Sony Corp on Thursday said it had doubled its net profit forecast for the previous financial year.

Boeing Profits Rocket 20 Percent Despite 787 Troubles

Boeing, despite battery woes with its flagship Dreamliner, is still flying high on Wall Street.

Exxon Declares Q2 Dividend

The board of directors of Exxon Mobil Corp. declared a cash dividend of 63 cents per share on the common stock, payable on June 10.

Airport Delays Continue on Sequester Cuts

On the fourth day of sequester cuts to the ranks of air traffic controllers, airports across the country continue to be hard hit by delays caused by a shortage of controllers -- and severe weather.

MetroPCS Shareholders Approve T-Mobile Takeover

MetroPCS shareholders said yes to the company's acquisition by T-Mobile.

Novartis Improves Q1 Profit

Pharmaceutical group Novartis raised its net profit by 7 percent as business grew in emerging markets and demand for its new products improved, the Swiss company said Wednesday in Basel.

eBay CEO Says Online Sales Tax Bill to Hurt Small Business

The online sales tax act is not fair and could bring damage to small enterprises and the jobs they create, said John Donahoe, chief executive officer of eBay Inc., one of the world's leading e-commerce companies, Tuesday.

Coca-Cola's Board Turning Over a New Leaf

Retirements from Coca-Cola's board of directors could help the giant U.S. soft drink bottler focus on younger consumers, a corporate guidance expert said.

Women Associate Business with Immorality More Than Men

U.S. researchers suggest women enter business school at a lower rate than men and are underrepresented in high-ranking positions because of ethical concerns.

Social Media Adds Risk to Stock Market

Tweet this: Add social media to market risk new york A bogus 60-character tweet Tuesday with terror overtones on a news organization's Twitter site caused a nearly 150-point roller-coaster ride in a four-minute span on the Dow Jones industrial average.