Amazon's Earnings, and Shares, Surge

The Internet retailing giant turned in one of its best quarters ever. Profits more than tripled, reflecting strong sales of books, music and electronics worldwide. Its shares skyrocketed $14.70, or 21 percent, to $83.95 in after-hours electronic trading.

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Our business news starts with a strong earnings report from Amazon.

The Internet retailing giant turned in one of its best quarters ever with a huge increase in profits. Amazon released its second quarter numbers just after the market closed yesterday, and its shares jumped 19 percent higher in after-hours trading.

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