From the Wires

IBM to pay Globalfoundries to take chip unit

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Monday, October 20, 2014

Reuters: The tech giant will pay the contract-chipmaker $1.5 billion in cash over the next three years to take its loss-making semiconductor unit off its hands.

 

Spotify introduces family plan

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Monday, October 20, 2014

TIME: Spotify Family allows up to five family members to subscribe to the digital streaming music service under one billing account.

 

GE profit rises 11%

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Friday, October 17, 2014

NYT: General Electric reported net profit of $3.5 billion.

 

Google profits slide 5%

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Friday, October 17, 2014

BBC: The Internet giant reported Q3 profits of $2.8 billion.

 

HBO to launch streaming service

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Thursday, October 16, 2014

WSJ: Time Warner Inc. said HBO would launch the stand-alone, online streaming version of its service in 2015.

 

Mattel sales decline for fourth straight quarter

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Thursday, October 16, 2014

Reuters: The toymaker's shares fell as much as 6% after the company announced that worldwide sales of Barbie dropped 21% at the end of Q3.

 

Converse sues to protect Chuck Taylor All Stars

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Wednesday, October 15, 2014

NYT: The century-old American footwear maker has accused 31 companies of trademark infringement in 22 separate lawsuits.

 

Second U.S. health worker infected with Ebola

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Wednesday, October 15, 2014

CNN: The Dallas health care worker was on a flight the day before her symptoms, according to the Centers for Disease Control and Prevention.

 

Wells Fargo profit climbs to $5.73B

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Tuesday, October 14, 2014

WSJ: The bank reported net income of $5.73 billion, compared with last year's profit of $5.58 billion.

 

Netflix to offer Ultra-HD content, will cost more

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Tuesday, October 14, 2014

Bloomberg: The higher-resolution, 4K stream will cost users $11.99 per month.

 

J.C. Penney names new CEO

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Monday, October 13, 2014

WSJ: The retail giant named Home Depot executive Marvin Ellison as its new chief executive officer.

 

French economist wins Nobel Prize

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Monday, October 13, 2014

BBC: Jean Tirole has won the Nobel Prize in economics for his work on market power and regulation.

 

Portland Wells Fargo employee emails CEO asking for a raise

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Friday, October 10, 2014

Business Insider: Tyrel Oates emailed the bank's CEO, John Stumpf, asking for a $10,000 raise for himself and his colleagues.

 
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