From the Wires

Microsoft to announce job cuts

Bloomberg: The software maker is planning its biggest round of job cuts in five years.

Citigroup, Justice Department reach $7B deal

NYT: The $7 billion deal will settle a federal investigation into the mortgage securities the bank sold.

Cloud computing increases business agility

Forbes: A new survey says "business agility" has become the primary advantage being delivered by the cloud.

Wells Fargo profits rise

BBC: Profits at the bank rose 3% in Q2—the United State's largest bank benefitted from the improving economy.

National blood drive fighting FDA ban on gay donors

TIME: The National Gay Blood Drive is raising awareness about the 1983 Food and Drug Administration ban prohibiting gay and bisexual men from donating blood—a ban the organization finds outdated.

Boeing sees 4.2% gain in airliner market

Bloomberg: Boeing Co. predicts demand in Asia will push commercial aircraft sales to $5.2 trillion over the next 20 years.

Adults with serious mental illness face 80% unemployment

Washington Post: Only 17.8% of people receiving public mental health services were employed in 2012—down for 23% in 2003.

The difference between PR and advertising

Forbes: Advertising is paid media, public relations is earned media.

Former New Orleans mayor sentenced 10 years in prison

NYT: C. Ray Nagin was sentenced on federal corruption charges.

Gold poised to rise

Bloomberg: Gold gained 9.5% this year amid escalating hostilities in Ukraine and Iraq.

Wal-Mart looking to embrace smaller stores

WSJ: This year Wal-Mart plans to open more smaller grocery and convenience-type stores than supercenters.

U.S. food prices rising, feds keep watch

WSJ: The U.S. Department of Agriculture forecasts that overall food prices will increase 2.5% to 3.5% this year, compared to 1.4% in 2013.

TSA cracks down on uncharged electronic devices

Forbes: The Transportation Security Administration will now ask overseas passengers to power on their electronic devices, and powerless devices will not be permitted on planes.