Business News

Amazon Looks to Build Out

U.S. stocks are lower this morning, after markets broke a three day winning streak yesterday. The S&P 500 is in the red for the year. (CNBC)
 
Amazon is in talks to lease 20 Boeing jets in a test of a possible air cargo business. They want to build out their own cargo operation to avoid delays from delivery services. (Seattle Times)
 
Procter & Gamble’s Gillette unit is suing Dollar Shave Club for patent infringement. The online shaving subscription service has rapidly gained market share over the past three years. (AP)
 
We should have had this for Throw-back Thursday but, BlackBerry lost 3 cents per share in the quarter, smaller than the 14 cent anticipated loss. Revenue was far above estimates. The device maker noted continuing growth in its software segment. (CNBC)
 
Join us this weekend for Financial Focus Radio – the truth in wealth building – when we will talk about the junk bonds you might own and how they are putting you at risk. 
 
S&P 500 is up 2 and the NASDAQ is up 18. The MSCI International Index is up 0.25%.
 
Oil is down 34 cents at $34.61 a barrel. U.S. oil lost 1.6% yesterday reaching their lowest levels since February 2009. Natural gas prices are plummeting again this morning at their lowest levels since March 1999. (Reuters)
 
Gold is up $7 at $1056 a Troy ounce. Gold sets at its lowest levels since February 2010.

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Lars Larson
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