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Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. The results are a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Amazon's performance also assuaged concerns about a broader slowdown among tech and internet companies after Apple, Microsoft and Intel all reported disappointing earnings.
WASHINGTON (AP) — Defense Secretary Ash Carter said Thursday he's investigating whether his department misled Congress in an effort to derail a contentious bill that would change the way the military handles allegations of sexual misconduct.