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Report: Three Biggest Takeaways from Amazon’s impressive third quarter
Amazon surpassed analysts’ expectations on Thursday, posting a 23% increase in revenue and its second consecutive quarterly profit. But according to a report by The Street, Amazon’s fast-growing cloud services business was the biggest story, bringing in $2.1 billion in revenue for the quarter. [The Street]
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Staples founder Tom Stemberg dies
One of the retail industry’s true innovators, Staples co-founder Tom Stemberg, passed away on Friday at the age of 66.
Stemberg, who died at home after a two-year battle with gastric cancer, was considered the father of the office superstore format. With the backing of Bain Capital and its co-founder, Mitt Romney, he co-founded Staples in 1986, and went on to lead the company through a period of rapid growth to dominate the office products industry.

