Amazon.com Inc. and Facebook are among partners in a $250 million fund run by venture capital firm Kleiner Perkins Caufield & Byers that will support entrepreneurs creating social-media applications and services.
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American Express Co.’s third-quarter profit surged 71% as the No. 3 U.S. processor of credit-card sales benefited from a rebound in consumer and business spending as well as demand for the company’s travel services.
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Amazon’s third-quarter profits rose 16% thanks to surge in sales of electronic products such as its Kindle e-reader, the world’s largest online retailer reported after the bell Thursday.
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About nine members of Goldman Sachs Group proprietary trading team are joining private-equity firm Kohlberg Kravis & Roberts after entertaining offers from investment firms such as Perella Weinberg and Blackrock.
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First Toyota, now Honda: Japan’s No. 2 automaker said Thursday it also plans to recall an as-yet undetermined number of vehicles because of brake fluid leaks that could lead to reduced braking power. Toyota’s recall for same is…