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Amazon calls 2016 holiday season its best ever; shares rise

(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release. Sales of voice-controlled

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Amazon calls 2016 holiday season its best ever; shares rise

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U.S. consumers ebullient; home prices gain

House prices continued their steady recovery in October, although a spike in borrowing costs after Trump's Nov. 8 victory could present a headwind to sustained home value gains. The Conference Board said on Tuesday its Consumer Confidence Index rose to 113.7 this month from an upwardly revised 109.4 in November. The gain in confidence was entirely due to

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U.S. consumers ebullient; home prices gain

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Last-minute spending surge lifts U.S. holiday shopping season

A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, industry research groups said on Tuesday. Spending over the Thanksgiving weekend in November fell 3.5 percent from a year ago despite…

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Last-minute spending surge lifts U.S. holiday shopping season

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Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

Delta, in its statement, did not disclose specific terms of the agreement. Delta declined to comment beyond its statement. The cancellation comes as Delta and other top U.S. airlines seek to slow flight capacity growth and in some instances shrink existing service in response to falling airfares.

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Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

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AB InBev clears China hurdle in SABMiller takeover deal

BRUSSELS/BEIJING (Reuters) – Brewer Anheuser-Busch InBev cleared a major hurdle toward its takeover of SABMiller with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board. China's ministry of commerce

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AB InBev clears China hurdle in SABMiller takeover deal

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Revenue growth lifts UPS profit, confirms 2016 outlook

By Nick Carey CHICAGO (Reuters) – United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty. Like other package delivery companies, UPS has benefited from a rapid rise in ecommerce, but has also struggled to bring down the extra costs associated with making stops at individual residential addresses rather than at businesses. …

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Revenue growth lifts UPS profit, confirms 2016 outlook