Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/25/2014 (1 year ago)

Catholic Online (

End of second quarter showed remarkable loss in profits for company

Amazon lost over $16 billion in value on the night of July 26, a sign that investors were growing weary of the retail giant's repeated failures to make a consistent profit.

Amazon, despite constant reinvestment into technology like smartphones and drones, continues to lose investors and profits.

Amazon, despite constant reinvestment into technology like smartphones and drones, continues to lose investors and profits.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

7/25/2014 (1 year ago)

Published in Business & Economics

Keywords: US, Technology, Amazon, Finance

LOS ANGELES, CA (Catholic Online) - This was Amazon's largest quarterly loss in two years, as investors were not happy with the company's decision to invest in smartphones, warehouses and hi-tech electronic devices.

Bring a light into the darkness, fight world hunger with "prayer and action."

Amazon reported a net loss of $126 million, or 27 cents per share in the quarter that ended on June 30, compared with a loss of $7 million, or two cents a share during the same time in 2013.

"We have a tremendous amount of opportunity," said chief financial officer Tom Szkutak. "While it's impacting short-term results, we'll obviously be looking to get great returns on invested capital."

The recent trend is likely to continue into the third quarter of 2014, after Amazon warned it expected operating losses of $810m to $410m.

"As long as there is money to pour into the business, [Amazon] will be pouring money into the business," said Sucharita Mulpuru, an analyst at Forrester Research. "If you can spend down all your profit and nobody is going to penalize you for it, why show a profit?"

For the first three months of 2014, it was a different story, with Amazon making a profit of $108 million.


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

Three BILLION barrels of excess oil available now - but is this a good thing? Watch

Image of Inflated inventories and oil wealth has spread globally, from the United States to the developed economies of Europe, and now China, according to the agency.


With the price of gas comfortably lower than $3 a gallon at many gas pumps across the land, consumers are enjoying a price break. The reason behind this windfall is largely because there are now more than three billion barrels of excess oil in the world. This ... continue reading

HARD NEWS HEADED FOR EXTINCTION! Filters turning off certain information imperil journalism Watch

Image of Daily newspapers have gone from nearly 1,800 in 1945 to about 400.


Newspapers, along with print media in general is in rapid decline - while Internet news, groomed and curried for special interest groups is on the rise. The fallout is that hard news, presented objectively is in dire threat of virtual extinction. "Opinion ... continue reading

The 'WAR ON CHRISTMAS' continues as Starbucks' new seasonal cups spark public outrage Watch

Image of Starbucks is the center of a mass controversy when it decided to release plain red cups this holiday season instead of its traditional Christmas and general holiday-themed cups (Rozzieland blogs).


When coffee giant Starbucks released red cups in place of their traditionally holiday-themed cups this winter, Arizona-based evangelist Joshua Feuerstein cried bigotry. LOS ANGELES, CA (Catholic Online) - In a Facebook video rant, Feuerstein wrote, "I think in the age ... continue reading

Pretty much all you could ask for from the month of October - unemployment at five percent, new hires Watch

Image of The 271,000 jump in payroll was surprisingly robust, far better than the Labor Department expected last week.


"It was pretty much everything you could ask for in a jobs report," Michelle Meyer, deputy head of United States economics at Bank of America Merrill Lynch says. Unemployment was at five percent and there were significant job hires for the month of October. ... continue reading

Invest as a Catholic - without selling your soul! Watch

Image of

By Kevin Jones (CNA News)

For Catholics who want to invest in a retirement plan but hesitate for fear of unintentionally supporting causes contradicting their faith, a financial advisor group is now offering a new option. Washington D.C. (CNA) - "We'd like to see every Catholic organization ... continue reading

SOMETHING IS BREWING: Agreement could lead to biggest beer deal - and top five business deals EVER Watch

Image of The prevailing trend among younger beer drinkers is for smaller, more specialized labels from independent breweries. In response, bigger beer brands are struggling to hold on to their market share.


Something big is brewing in the world of brew. AB InBev or Budweiser is offering SABMiller shareholders $67.59 per share. The maker of Miller Lite, Pilsner Urquell and Peroni, this represents a premium of roughly 50 percent over the share price. The agreement, ... continue reading

Overworked Wall Street employees experience seizures, are hospitalized, and have died Watch

Image of John Hughes in Thomas' bedroom (Damon Winter).


Wall Street has always been a very demanding place to work and with recent work-related deaths, it seems that Wall Street must find a way to provide work-life balance to its employees.  NEW YORK CITY, NY (Catholic Online) - Thomas Hughes was a 29-year-old ... continue reading

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • 'Body lifted from the ground': Young Central American woman dies ...
  • Pope Francis does the unthinkable following emotional tragedy in ...
  • Parents' Prayer For Their Children HD Video
  • Prayer For Faith HD Video
  • St. Eligius: Saint of the Day for Tuesday, December 01, 2015
  • Opium, heroin or cocaine: What drug is YOUR country known for?
  • Daily Readings for Tuesday, December 01, 2015

Daily Readings

Reading 1, Romans 10:9-18
9 that if you declare with your mouth that Jesus is Lord, and if you ... Read More

Psalm, Psalms 19:2-3, 4-5
2 day discourses of it to day, night to night hands on the ... Read More

Gospel, Matthew 4:18-22
18 As he was walking by the Lake of Galilee he saw two brothers, Simon, ... Read More

Saint of the Day

Saint of the Day for November 30th, 2015 Image

St. Andrew
November 30: Andrew, like his brother Simon Peter, was a ... Read More