Amazon is shuttering Quidsi, which included Diapers.com, after it failed to make money

E-commerce giant Amazon is shutting down its Quidsi unit, the parent company of sites like Diapers.com and Soap.com, after it failed to reach profitability, the company said Wednesday. Amazon bought Quidsi in 2010 for around $500 million in cash, according to a press...

Ford recalls 440K vehicles for fire risk, door latch trouble

Ford is recalling more than 570,000 vehicles in North America and Europeto fix separate problems that can cause engine fires and doors to fly open unexpectedly. The recalls will hit the company’s bottom line in the first quarter of this year. Ford said in a...

Vertex cystic fibrosis combination succeeds in late-stage trials

Vertex Pharmaceuticals said on Tuesday its Kalydeco cystic fibrosis treatment givenwith an experimental drug demonstrated significant improvements in lung function in a pair of late-stage trials the company plans to use to seek approval for the combination therapy....

Spooked by yield rise, ECB wary of changing message again

European Central Bank policymakers are wary of making any new change to their policy message in April after small tweaks this month upset investors and raised the specter of a surge in borrowing costs for the bloc’s indebted periphery. One ECB source said the...

How Trump’s energy order affects jobs, fuel prices

President Trump’s executive order rolling back energy regulations is unlikely to spawn a surge of jobs or a quick reduction of fuel prices, as the basic rules of economics maintain a powerful hold on the industry. Will coal jobs suddenly come roaring back?...

How Trump’s energy order affects jobs, fuel prices

President Trump’s executive order rolling back energy regulations is unlikely to spawn a surge of jobs or a quick reduction of fuel prices, as the basic rules of economics maintain a powerful hold on the industry. Will coal jobs suddenly come roaring back?...