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Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for investing for the long term. Amazon posted earnings of $214 million in the fourth quarter as sales jumped 15 percent to $29.3 billion, swinging to profit after two consecutive losing quarters. Shares in Amazon shot up 7.8 percent to $336.20 in after-hours trading following the release. For the full year 2014, Amazon posted a net loss of $241 million on sales of $89 billion.
WASHINGTON (AP) — Key U.S. senators said they want more oversight of the Overseas Private Investment Corporation, the federal government's development finance agency that was the subject of an Associated Press investigation earlier this week into a failed $217 million energy project in western Africa marked by insider connections and questionable due diligence.