Amazon's faster shipping dents profits, more pain to come

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Amazon's faster shipping dents profits, more pain to come

As the online retailer speeds up free delivery to woo shoppers and fend off rivals.

Amazon.com Inc's chief financial officer on Thursday said costs for its one-day shipping program will spike to around US$1.5 billion during the holiday season as the online retailer speeds up free delivery to woo shoppers and fend off rivals like Walmart Inc and Target Corp. Amazon's fourth-quart...

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