Latest Business News: Amazon's Second Quarter is a Miss

Wochit 0:50 mins

Amazon, the online retail giant posted a loss with an earnings per share of minus two cents on revenue of $15.7 billion. Shares-of-Logitech International rose-after-the-maker-of computer accessories and other gadgets posted a surprise profit and stronger-than-expected revenue in its fiscal first quarter. A House of Representatives committee advanced a bill by a 22-17 vote along party lines to end Saturday delivery of first-class mail and eliminate direct-to-door delivery to help the struggling U.S. Postal Service shave costs. Lawmakers expect stiff opposition in the Senate.

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