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  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed about 1 percent lower, despite surprisingly strong Amazon earnings, as signs of slower global growth weighed on sentiment.

  • Top 5 stocks of the week and how to trade them Friday, 24 Jul 2015 | 2:13 PM ET
    Jeff Bezos, chief executive officer of Amazon.com Inc.

    CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.

  • HARTFORD, Conn.— Momentum is building for a $15- an-hour minimum wage in Connecticut, at least for some workers, given the formation of a new low-wage worker advisory panel and this week's recommendation to raise pay for fast-food workers in neighboring New York, according to some state lawmakers and activists. The co-chairmen of the General Assembly's Labor and...

  • *Hillary Clinton to propose raising capital gains tax- report. *Visa, Starbucks rise after results. July 24- Wall Street was lower in early afternoon trading on Friday for the fourth straight day as a fall in materials and health stocks and a fall in commodities overshadowed strong results from Amazon, Visa and Starbucks.

  • NEW YORK— It's official: Amazon is bigger than Wal-Mart. The sharp increase in shares brought Amazon's market value to $247.77 billion, more than its biggest rival, Wal-Mart Stores Inc., signaling a sea change in retailing. Bentonville, Arkansas- based Wal-Mart Stores is valued at about $230.53 billion.

  • UPDATE 1-Cloud services seen growth driver for Amazon Friday, 24 Jul 2015 | 10:36 AM ET

    July 24- Amazon.com Inc's shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company's market value, after strong growth in the e-commerce giant's cloud business drove a surprise quarterly profit. The company's market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the...

  • Amazon shares soar, surpassing Wal-Mart Friday, 24 Jul 2015 | 9:30 AM ET
    Jeff Bezos

    Amazon blows away second-quarter estimates with sales that jumped 20 percent and earnings in the black.

  • On cloud nine: Web growth powers Amazon shares Friday, 24 Jul 2015 | 8:02 AM ET

    July 24- Amazon.com Inc's shares surged 18 percent in premarket trading on Friday, adding more than $44 billion to the company's market value, after strong growth in the company's cloud business drove a surprise quarterly profit. The jump in shares- setting up the stock for its best trading day in five years- takes Amazon's market capitalization to about $270...

  • July 23- Amazon.com Inc shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores Inc, the world's largest retailer. Combined with a bullish forecast for the third quarter, upbeat comments from company executives on Amazon's Prime delivery service and...

  • July 23- Amazon.com Inc shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores Inc, the world's largest retailer. Amazon also forecast third-quarter revenue above estimates, and reported strong sales in North America, and unprecedented growth in its...

  • Amazon shares jump on surprise 2Q profit Thursday, 23 Jul 2015 | 4:33 PM ET

    NEW YORK— Investors helped Amazon celebrate its 20th birthday, pushing the online retailer's stock up 17 percent in aftermarket trading Thursday after it reported a surprise second-quarter profit. If the jump holds in Friday trading, Amazon's stock-market value could surpass that of its longtime retail rival Wal-Mart Stores Inc., signaling a sea change in...

  • Amazon shares soar 18% as earnings easily beat Thursday, 23 Jul 2015 | 4:10 PM ET
    Jeff Bezos

    Amazon blows away second-quarter estimates with sales that jumped 20 percent and earnings in the black.

  • July 23- Loblaw Cos Ltd, Canada's largest food retailer, said it would close 52 unprofitable stores following a review of its 2,300 grocery and other locations launched last year. Loblaw's shares rose as much as 4 percent to C $70.42 on the Toronto Stock Exchange on Thursday after the company also reported a slightly better-than-expected profit on cost savings...

  • Wal-Mart squares off against Target in a new way Thursday, 23 Jul 2015 | 1:27 PM ET
    The SensorSafe chest clip on the Evenflo Advanced Embrace DLX car seat.

    Wal-Mart has been quietly increasing its offerings in the baby category—one of Target's pillars for its turnaround.

  • MILLSAP, Texas— Billionaire Alice Walton plans to sell all of the cutting horses from her North Texas ranch as she gets out of the breeding business. Western Bloodstock Ltd. will conduct the sale at Walton's Rocking W Ranch near Millsap, 40 miles west of Fort Worth. Walton, who's bred cutting horses since she was a teenager, is the daughter of Wal-Mart founder Sam...

  • Wal-Mart purchases Chinese e-commerce firm Thursday, 23 Jul 2015 | 9:36 AM ET
    Shoppers enter a big Wal-Mart store in Beijing, China.

    Wal-mart bought the last 49% stake it needed to fully own Chinese e-commerce firm Yihaodian.com to compete in online retail.

  • SANTIAGO, July 23- Chile's salmon farmers are using record levels of antibiotics to treat a virulent and pervasive bacteria, driving away some U.S. retailers including Costco Wholesale Corp, which is turning to antibiotic-free Norwegian salmon. Still, amid growing concerns in the U.S. food industry that heavy use of antibiotics in animals can spawn...

  • Wal-Mart buying remaining stake in China's Yihaodian Thursday, 23 Jul 2015 | 6:51 AM ET

    NEW YORK— Wal-Mart wants to make a bigger play for Chinese consumers online. Wal-Mart is attempting to follow consumers as they migrate to the Internet in China, a country where the retailer has struggled to adjust to buying habits and local competition. Wal-Mart Stores Inc. previously held about 51 percent of Yihaodian.

  • Wal-Mart's move also comes after China said last month it will allow full foreign ownership of some e-commerce businesses, with the goal of encouraging foreign investment and the development and competitiveness of the sector. "1/ 8 Yihaodian's 3/ 8 local experience, combined with Walmart's global sourcing and our strong local retail presence and supply chain...

  • Learning from Starbucks on job creation Wednesday, 22 Jul 2015 | 2:17 PM ET
    Howard Schultz, chairman and CEO of Starbucks

    The US should build on what Starbucks is starting with its youth job-creation effort, says former Medtronic CEO Bill George.