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Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for investing for the long term. Amazon posted earnings of $214 million in the fourth quarter as sales jumped 15 percent to $29.3 billion, swinging to profit after two consecutive losing quarters. Shares in Amazon shot up 8.5 percent in after-hours trading following the release.
DENVER (AP) — A Denver police officer involved in the deadly shooting of a 17-year-old girl may have been injured trying to get out of the way of a stolen car the teenager was driving, the police chief said Thursday.
Google on Thursday reported that its profit in the recently ended quarter jumped, but the leap fell short of market expectations. The Internet colossus reported net profit up 41 percent from last year at $4.76 billion in the final three months of last year. Revenues were up 15 percent in the quarter to $18.1 billion, also slower that anticipated as Google saw slowdowns in some of its online advertising metrics such as costs per click. Google shares fell 1.7 percent in after-hours trading on the news.