Amazon Stumbles on Spending

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Amazon’s soaring ambitions are coming at a steep cost, dragging the e-commerce giant to its largest quarterly loss in 14 years.

Apple iTunes Sees Drop in Music Sales

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Digital music sales at Apple iTunes store have fallen 13% to 14% world-wide since the start of the year, according to people familiar with the matter, underscoring the fragility of the music industry’s nascent recovery.

U.S. to Name New Auto-Safety Chief

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The Obama administration is close to naming a permanent top auto-safety regulator amid criticism of the agency’s handling of large air-bag recall, which an administration official on Friday called “suboptimal.”

Pepsi to Test Drinks In SodaStream Machines

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Pepsi confirmed that it will test some of its drinks in SodaStream International’s home-carbonation machines in the U.S.

Italian Court Clears Dolce And Gabbana Of Tax Charges

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Italy’s highest court cleared fashion designers Domenico Dolce and Stefano Gabbana of tax evasion charges Friday, bringing to an end one of the highest profile tax cases in Italy in recent years.

Gucci Finds Luxury a Tougher Sell

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The travails at Gucci are emblematic of the problems afflicting fashion’s big power houses.

Ericsson Beats Forecasts

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Ericsson’s revenue grew more than expected in the third quarter, but uncertainty about North American operators’ mobile network spending threw a wet blanket over the Swedish company’s earnings.

Truck Maker Volvo Looks to North America for Growth

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The company said third-quarter orders in North America had improved by 73% year-over-year.

Digital River Agrees to $831.5 Million Buyout

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Digital River said it has agreed to be acquired by an investor group led by Siris Capital Group for $831.5 million in cash.

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