Amazon.com announced its latest quarterly results, warning it could lose money in the current quarter. Revenue at the company was up 35 percent to more than $17 billion but analysts were expecting at least a billion more than that.
A class-action lawsuit claims Monsanto spread dioxin and other toxic substances when it made a primary ingredient for Agent Orange in West Virginia. Dioxin has been linked to cancer and other illnesses. At issue is whether Monsanto must pay millions to monitor the health of everyone in the case.
Sir Fred Goodwin, former CEO of the Royal Bank of Scotland, is no longer a knight. Goodwin turned RBS into a global banking giant and was knighted in 2004. But he then went on to preside over the bank's ruin.
President Obama is hoping to get some political mileage this November in states like Michigan and Ohio from his controversial rescue of the auto industry. While many Republicans, including Mitt Romney, were skeptical at the time, the president notes that U.S. carmakers are now profitable and hiring again.
The Occupy Wall Street movement seized the world's attention after a group in New York claimed a small slice of land in the financial district. The movement rapidly spread to other cities, sparking a national discussion on income inequality and other issues. Things are quieter in New York, but the movement still has big plans.
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