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

Amazon.com Inc's chief financial officer on Thursday said costs for its one-day shipping program will spike to around $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.

Read the full story at Amazon's faster shipping dents profits, more pain to come on the Reuters website.
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