Bloomberg Personal spending increased at a more moderate pace in October after the biggest gain in five months, while faster income growth signaled demand will be sustained. Purchases rose 0.3 percent after a 0.7 percent September advance that was stronger than first estimated, Commerce Department figures showed on Wednesday. The median forecast in a Bloomberg survey called for a …

  Los Angeles / AFP Amazon.com Inc. is developing a premium Echo-like speaker with a screen, a sign the world’s largest online retailer is trying to capitalize on the surprise success of its voice-controlled home gadgets and fend off competition from Google and Apple Inc. The new device will have a touchscreen measuring about seven inches, a major departure from …

  Bloomberg Time Warner’s CNN said that it has agreed to acquire the staff and technology behind social media app Beme, created by YouTube star Casey Neistat and Matt Hackett. Financial terms weren’t disclosed. The company said its 12 employees will join CNN. Beme was created to offer a social application that allows millennials and others to share short videos …