From the Wires

Comcast profit rises 15%

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Tuesday, July 22, 2014

WSJ: The cable-TV provider reported Q2 profit of $1.99 billion, up from $1.73 billion last year.

 

American fast food chains snagged by food safety scandal in China

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Tuesday, July 22, 2014

Forbes: Workers at a meat supplier in China were shown reusing meat that had fallen to the factory floor, as well as mixing fresh and expired meat. The company then distributed the meat to KFC and McDonald's restaurants in the Shanghai area.

 

Washington volcanoes receive more scientific scrutiny

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Monday, July 21, 2014

LA Times: Using incredibly sensitive instruments, scientists have followed the magma from the Earth's belly to the base of Mt. Rainier.

 

Edward Snowden: Racy photos often shared at NSA

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Monday, July 21, 2014

NYT: The former National Security Agency contractor said in an interview that members of the U.S. military working at the spy agency sometimes shared the sexually explicit photos they intercepted.

 

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.

 
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