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Amazon's Jeff Bezos Steps Up Spending Again to Chase Growth

  • Web retailer is investing in delivery services, technology
  • CEO faces balancing act between costs and sales growth
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Amazon's 4th-Quarter Earnings: Breaking Down the Numbers

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Amazon.com Inc. just reminded everyone it’s perennially in investment mode.

While fourth-quarter net income more than doubled to a record $482 million, or $1 a share, it was much less than what analysts’ had projected and Amazon’s shares plummeted as much as 15 percent after the the Web retailer reported results Thursday for the busy holiday quarter.