Amazon's far-reaching ambitions, lack of profits, unnerve investors

Amazon CEO Jeff Bezos discusses his company's new Fire smartphone in Seattle, WashingtonBy Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits. "It does get frustrating when they continue to spend quarter after quarter and they don't let the revenue flow through," said Michael Scanlon, who manages $3.5 billion at Manulife Asset Management and holds shares of Amazon.



Family feud sparks revolt at grocery store chain

Shoppers encounter empty shelves as they shop Thursday, July 24, 2014 at the Market Basket supermarket in Haverhill, Mass. A decades-long family feud, which brought about the ouster of Arthur T. Demoulas as CEO of the privately held company, led to a worker revolt, customer boycotts and empty shelves in the grocery chain's stores in Maine, Massachusetts and New Hampshire. More than 100 Massachusetts legislators and mayors, Massachusetts Attorney General Martha Coakley, and New Hampshire Gov. Maggie Hassan have publicly supported the employees. (AP Photo)WEST BRIDGEWATER, Mass. (AP) — It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures. They're grocery store owners.



California state senator facing additional charge

FILE - In this March 26, 2014 file photo, California state Sen. Leland Yee, D-San Francisco, right, leaves the San Francisco Federal Building in San Francisco. Yee, charged in a sweeping organized crime and public corruption case centered in San Francisco's Chinatown now also faces a racketeering charge. A federal grand jury on Friday, July 25, 2013 filed the additional charge against Yee. The grand jury says Yee took bribes in exchange for votes in favor of several legislative bills, including one on medical marijuana. (AP Photo/Ben Margot, File)SAN FRANCISCO (AP) — A federal grand jury on Friday charged a state senator with more felonies in addition to the eight counts he already faced in a sweeping organized crime and public corruption case centered in San Francisco's Chinatown.



Salma Hayek pulls trigger on 'Everly' at Comic-Con

Salma Hayek, left, and director Joe Lynch attend the RADiUS-TWC "Everly" panel on Day 2 of Comic-Con International on Friday, July 25, 2014, in San Diego. (Photo by Chris Pizzello/Invision/AP)SAN DIEGO (AP) — For Salma Hayek, her role in "Everly" was her toughest yet.



Browns' Manziel: "I've made some rookie mistakes"

Cleveland Browns quarterback Johnny Manziel talks to reporters on the eve of the first practice at the NFL football team's training camp in Berea, Ohio, Friday, July 25, 2014. (AP Photo)BEREA, Ohio (AP) — Like reading a blitz, Johnny Manziel knew the questions about his off-field wildness were coming. So the Browns quarterback struck first.





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