Amazon Profit Plunges After New Products Weigh on Expenses – Businessweek
Oct. 25 (Bloomberg) — Amazon.com Inc., the world’s largest Internet retailer, reported a plunge in third-quarter profit after it ramped up spending on new products such as the Kindle Fire tablet. The shares tumbled 19 percent in late trading. Net income fell 73 percent to $63 million, or 14 …