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Samsung profit drops 56% in second quarter

Samsung stock dropped on Wednesday after the world's biggest smartphone maker reported a 56% fall in its operating profit for the second quarter, citing price declines in its memory chip business.

Sears hires bankruptcy expert

If Sears wants to avoid bankruptcy, it'll practically have to pull a rabbit out of a hat. The company thinks it found a director who can help do the trick.

Amazon is now worth $1 trillion

Amazon's total market value passed $1 trillion on Tuesday, following Apple's ascent into 13-digit territory at the beginning of August.