These numbers explain why Amazon wants to give so much free stuff to Prime members
Amazon Prime, the Amazon membership program that costs $99 a year, comes with a lot of perks…
MONEY (MSM)
Angry Birds maker Rovio to cut third of workforce
HELSINKI (Reuters) – Finland’s Rovio, maker of hit mobile phone game Angry Birds, said on Wednesday it had decided to cut 213 jobs, or about 32 percent of its total workforce. Most of the job losses will …
Toyota recalls 6.5 million vehicles for window switch defect
Toyota Motor Corp. is recalling 6.5 million vehicles worldwide for a defective power window switch that can overheat, melt and lead to fires. One injury in the U.S., a person who suffered a burn on the …
GM overcomes huge recall costs to post healthy 3Q profit
General Motors’ third-quarter profit fell slightly, but the company rode strong North American sales to overcome $1.5 billion in costs from its deadly ignition switch recall. Its shares rose more than …
Coke beats 3Q profit forecasts
Coca-Cola Co. (KO) on Wednesday reported third-quarter profit of $1.45 billion. The Atlanta-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring costs and restructuring …
Cramer: IBM's stock could fall a LOT further
Jim Cramer goes off the charts with the help of Bruce Kamich to spot a bottom in IBM’s stock. And it looks like the bottom could be very far away.
Amazon hiring more than Penney's, Walmart combined
Leaving one widely watched holiday hiring forecast in the dust, Amazon said Tuesday that it will hire 25 percent more seasonal workers this year.
Amazon hires help, Apple's automotive future and Ferrari revs up IPO
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Deutsche Bank: "This Is Not an Economy That Is About to Enter Recession"
Full labor market capacity ahead, says Torsten Sløk.
Hedge funds see worst year since financial crisis
Poor performance weighed heavily on the hedge fund industry, causing the biggest net loss in capital since the fourth quarter of 2008.