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North Korea test-fires two missiles, both fail - U.S

SEOUL/WASHINGTON North Korea test-fired what appeared to be two intermediate range ballistic missiles on Thursday, but both failed, the U.S. military said, in a setback for North Korean leader Kim Jong Un ahead of next week's ruling party congress.

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Comcast to buy DreamWorks Animation for $3.8 billion

Comcast Corp , the owner of NBCUniversal, said on Thursday it would buy Hollywood studio DreamWorks Animation SKG Inc for $3.8 billion (2.6 billion pounds) to boost its family-friendly offerings and help it take on media conglomerate Walt Disney . The acquisition will add major children's franchises to Universal's film library such as "Shrek," "How to Train Your Dragon" and "Kung Fu Panda," which it could tap for its growing theme parks an

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Yates fails drugs test using asthma inhaler - team

LONDON British rider Simon Yates, a strong contender to make Team GB's Olympic cycling squad, has failed a drugs test due to an "administrative error" over the use of an asthma inhaler, his team Orica-GreenEDGE said on Friday.

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Amazon profit crushes estimates as cloud-service revenue soars

Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division.

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