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From the Wires

Forbes Media to sell majority stake

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Friday, July 18, 2014

NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.

 

FedEx indicted for delivering illegal prescription drugs

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Friday, July 18, 2014

Bloomberg: The U.S. Department of Justice is charging the shipping giant for delivering drugs for illegal online pharmacies.

 

Microsoft to cut 18,000 jobs

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Thursday, July 17, 2014

Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.

 

Profits surge at Morgan Stanley

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Thursday, July 17, 2014

NYT: The bank posted profit of $1.3 billion, or 60 cents per share, on $8.5 billion in revenue, up 46% from Q2 of 2013.

 

Apple joins with IBM on business apps

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Wednesday, July 16, 2014

NYT: The two companies announced their partnership and its intent to spread mobile and data analysis technology in the corporate world.

 

Strokes in U.S. drop two-fold

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Wednesday, July 16, 2014

Bloomberg: The rate of first-time strokes in the United States dropped 24% in the past two decades; accompanying deaths fell 20% per decade.

 

U.S. retail sales rise modestly

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Tuesday, July 15, 2014

WSJ: Retail sales in the United States rose a seasonally adjusted 0.2% from May, the weakest increase since January.

 

Microsoft to announce job cuts

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Tuesday, July 15, 2014

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

 

Citigroup, Justice Department reach $7B deal

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Monday, July 14, 2014

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

 

Cloud computing increases business agility

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Monday, July 14, 2014

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

 

Wells Fargo profits rise

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Friday, July 11, 2014

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

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Friday, July 11, 2014

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

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Thursday, July 10, 2014

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

 
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