NEW YORK (AP) — Amazon’s push for faster delivery is hurting its profits. The online retailer said its third-quarter net income fell 26% from a year ago, missing Wall Street expectations. Its sales outlook for the holiday shopping season also disappointed analysts, and its stock sank 7% in after-hours trading. SIGN UP FOR OUR NEWSLETTER:  […]

SAN FRANCISCO (AP) — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company’s most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company’s shareholders released after the stock market closed Wednesday. Cook said Apple’s revenue for the […]

NEW YORK (AP) — It’s as red as Santa’s suit, a poinsettia or your neighbor’s ugly Christmas sweater. Yet Starbucks’ stark new holiday coffee cup has set off complaints that the chain is making war on Christmas. The outcry — which gained in intensity after Donald Trump suggested boycotting the coffee chain — illustrates the […]

NEW YORK (AP) — General Mills is dropping artificial colors and flavors from its cereals, the latest company to respond to a growing desire for food made with ingredients people see as natural. The company said Monday that Trix and Reese’s Puffs will be among the first cereals to undergo the changes. As a result, […]

NEW YORK (AP) — McDonald’s said Wednesday it is raising pay for workers at restaurants that the company owns. Here’s a look at all the big companies that recently have announced they are boosting hourly wages for their employees: In February Wal-Mart Stores Inc., the largest private employer in the U.S., said it will boost […]