Business

Microsoft Announces Biggest Layoffs Yet: Up To 18,000 Workers

11:22am July 17, 2014

In the largest layoff in the company's history, it's stripping 14 percent of its workforce. CEO Satya Nadella says it's part of a plan to make the 39-year-old company more agile and productive.

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Seattle Cab Drivers Go Back To School To Learn Manners

11:09am July 17, 2014

The cabbies are trying to win back customers lost to ride service companies like Uber and Lyft, whose customers rate their drivers.

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Apple Teams Up With Former Rival On Business App

10:32am July 16, 2014

Apple and IBM were intense competitors 30 years ago — during the early days of the personal computer. But now, in the mobile age, the two companies have struck a deal to develop business apps.

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Marvel Comics Rewrites Thor Into A Woman

10:32am July 16, 2014

Series writer Jason Aaron points out, "This is not She-Thor. This is not Lady Thor. This is not Thorita. This is Thor." She'll make her debut in October.

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Murdoch Says His Bid For Rival Time Warner Was Rejected

10:32am July 16, 2014

by David Folkenflik

Rupert Murdoch's 21st Century Fox confirmed that it made an offer to buy the owner of HBO, Warner Bros., TBS and CNN but got shot down.

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Tuition and fees at most community colleges these days are pretty reasonable but according to a new report, students in a fifth of these schools do not have access to federal student loans.

Federal Loans Tough To Come By For Community College Students

9:50am July 16, 2014

by Claudio Sanchez

Nearly a million community college students don't have access to federal student loans, according to a new report.

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Economy

Chocolatier Lindt To Buy Russell Stover

7:53am July 15, 2014

by Frank Morris

Russell Stover has a long history, a large distribution network and loyal U.S. customers — the world's largest chocolate market. Lindt specializes in higher-end brands like Ghirardelli and Lindor.

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Employees Criticize CIA Cafeteria, FOI Request Reveals

7:53am July 15, 2014

The news website MuckRock published complaints about the CIA cafeteria which came from a 2010 Freedom of Information Act request. Spies prefer individual ketchup packets to pump dispensers.

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Author Beth Macy worked for years as a reporter for the Roanoke Times. "When I became a journalist, I gravitated to those kinds of stories of what I call 'outsiders and underdogs,' " she says.

How A Factory Man Fought To Save His Furniture Company

3:34pm July 14, 2014

Virginia furniture owner John Bassett III was determined to beat out foreign competitors. Author Beth Macy documents him, and the collapse of the U.S. furniture industry, in her new book, Factory Man.

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Citigroup Agrees To Settlement Over Risky Mortgages

12:34pm July 14, 2014

Citigroup will pay $4 billion to the Justice Department and spend $2.5 billion to help struggling homeowners modify their mortgages. And, talks are underway between the government and Bank of America.

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