Amazon Seeks FAA Approval to Test Drones (VRTX, PETM)

(As of 3:45pm) All U.S. stocks are in the green during afternoon trading. Amazon (AMZN) is seeking FAA approval to test 50-mph drones. Amazon believes that Amazon Prime Air will be able to deliver packages to customers in under 30 minutes and hopes to make this prime benefit available to customers worldwide. Old Navy is currently a top the list of nine-retailers who have posted same-store sales for June. Old Navy experienced a 7% increase in sales last month. It's parent company, Gap (GPS) didn't fare quite as well as it missed expectations.

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Published on Jul 11, 2014
By InvestorGuide Staff

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