Jeff Bezos wasn’t stopping at Fire TV: Amazon is taking aim at the handset business after making plans to take on the cable industry. On the heels of its Fire TV announcement, the company is now developing a smartphone with plans to release a new product before the holiday season. Citigroup’s stress test results were tough enough for the bank to endure, but back-to-back flops at earnings time are cause for concern as we await numbers before the open. Plus, Jim Cramer laces up his kicks for a retail stock pick.
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