Ecommerce

Amazon is trying to lure more subscribers to its $99 Prime loyalty program by pushing a day of discounts it calls "Prime Day" during the sleepier summer shopping season.

Amazon.com Inc. reported a rare profit for its third quarter, thanks in part to its fast-growing cloud-computing division, while sales surged more than expected.

The e-commerce giant reported third-quarter adjusted earnings per share of 43 cents, exceeding expectations by three cents. Revenue of $2.10 billion surpassed views for $2.094 billion.

PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on Monday, valuing the company at about $52 billion.

U.S. payment processor First Data Corp filed with U.S. regulators on Monday for an initial public offering of common stock.