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Video: Visa Quarterly Profit Rises 11 Percent On Card Growth By Clip Syndicate Visa Inc, the world's largest credit and debit card company, reported an 11 percent rise in quarterly profit as more people around the world used plastic instead of cash to make purchases. Net income rose to $1.36 billion, or $2.17 per Class A share, in the third quarter ended June 30 from $1.23 billion, or $1.88 per Class A share, a year earlier.

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Video: Amazon Posts Larger Second-quarter Loss, But Revenue Rises By Clip Syndicate Amazon posted a larger loss in the second quarter as its rapid pace of investment in new businesses such as digital content and same-day delivery offset revenue growth, sending its shares lower in after-hours trading. The online retail company reported a net loss of $126 million, or 27 cents per share, compared to a loss of $7 million, or 2 cents a share a year earlier. Amazon reported a 23 percent increase in revenue to $19.34 billion, in line with Wall Street's average prediction of $19.3 billion.

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Video: Facebook Goes Express To Mega-cap Status - Now Valued More Than AT&T, Coke By Clip Syndicate In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index's 30 members. Shares in the world's No. ...Read More »
Video: Amazon Remains Great For Customers, Not For Shareholders – Stock Drops 6% As Losses Widen By Clip Syndicate Amazon’s Q2 2014 earnings announced today made it more apparent than ever that Amazon remains a great business for its customers, but not so much for its shareholders. The stock, after the earnings were reported, was already down by 6% and falling in after hours trading following Amazon reported net losses that widened to $126 million in the quarter. ...Read More »
Video: Customers protest car dealership By Clip Syndicate A car dealership in Wilmington is under fire. Customers say the cars they bought are not up to par. Several of them gathered to protest across the street from Lovitt's Auto and Truck Center on Carolina Beach Road. ...Read More »
Video: GM, Ford Hopeful Of European Rebound Despite Ukraine, Russia By Clip Syndicate Ford Motor and General Motors said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent. Ford said again it expected to have a full-year profit in Europe next year and GM reiterated its previous forecast that it would return to profitability in Europe "by mid-decade." Both U.S. automakers reported second-quarter results on Thursday.

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Video: SBA Outreach Centers Set To Close By Clip Syndicate The Small Business Administration Director announced on Thursday it will close its Outreach Centers in Rock Rapids and Rock Valley on July 31. ...Read More »
Video: Visa Quarterly Profit Rises 11 Percent On Card Growth By Clip Syndicate Visa Inc, the world's largest credit and debit card company, reported an 11 percent rise in quarterly profit as more people around the world used plastic instead of cash to make purchases. Net income rose to $1.36 billion, or $2.17 per Class A share, in the third quarter ended June 30 from $1.23 billion, or $1.88 per Class A share, a year earlier.

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Video: Nucor Confident Of Favorable Rulings Vs Steel Import "tsunami" By Clip Syndicate Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem "a tsunami of imported steel." CEO John Ferriola said that after spending time in Washington he is more optimistic that U.S. lawmakers are finally starting to understand how damaging low-priced steel imports are for the U.S. economy and jobs.

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Video: Starbucks Americas Sales Up Slightly More Than Expected By Clip Syndicate Starbucks said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent. That figure includes a 7 percent increase in the United States. Global sales at Starbucks cafes open at least 13 months also were up 6 percent for the fiscal third quarter. According to Consensus Metrix, analysts, on average, expected same-store sales to rise 5.1 percent globally and for the Americas region.

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