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Updated: 1 hour 22 min ago

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

Thu, 07/17/2014 - 10:05am

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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Australia Repeals An Unpopular Tax On Carbon Emissions

Thu, 07/17/2014 - 9:07am

The tax was imposed on about 350 of the nation's top polluters under the country's previous center-left government.

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Microsoft Will Cut As Many As 18,000 Jobs

Thu, 07/17/2014 - 7:32am

A large layoff is under way at Microsoft, as the technology company says it will cut 13,000 jobs in the next six months. All but 500 of those layoffs are related to the Nokia phone division.

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Seattle Cab Drivers Go Back To School To Learn Manners

Thu, 07/17/2014 - 4:10am

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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Russian Officials Promise To Make U.S. Businesses Suffer

Thu, 07/17/2014 - 4:10am

That's because President Obama announced sanctions against Russian companies in finance, defense and energy. Sanctions had focused on individuals who play a role in Russian business and government.

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U.S. Firms Beat Corporate Taxes By Moving Their Headquarters Abroad

Thu, 07/17/2014 - 4:10am

Renee Montagne talks to David Wessel of the Brookings Institution about corporate income taxes. Many businesses, analysts and politicians argue the U.S. system is broken.

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Treasury Secretary Calls For Corporate Tax Code Overhaul

Thu, 07/17/2014 - 4:10am

Treasury Secretary Jack Lew is asking U.S. companies to show their patriotism by resisting the temptation to reduce their tax bill by moving abroad. He was interviewed by CNBC on Wednesday.

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Evaluating The Benefits And Costs Of Patents

Thu, 07/17/2014 - 4:10am

The electric car company Tesla recently announced it was putting its patents in the public domain. Our Planet Money team looks at what would happen if we got rid of patents all together.

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Proposal To Allow State Tolls On Interstates Hits Roadblocks

Thu, 07/17/2014 - 4:10am

President Obama has proposed allowing states to collect tolls on interstate highways as a way of raising funds to pay for reconstructing those roads. Most of the interstate system is toll free.

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Lotteries Take In Billions, Often Attract The Poor

Wed, 07/16/2014 - 4:39pm

Americans wager nearly $60 billion a year on lotteries. Revenues help states, which use the money to provide services. But researchers say the games often draw low-income gamblers who are on welfare.

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U.S. Sanctions Major Russian Banks And Energy Companies

Wed, 07/16/2014 - 4:33pm

The Obama administration announced new sanctions Wednesday that go well beyond any previously imposed in its dispute with Russia over Ukraine. It's not clear whether Europeans will match them.

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Visa Makes Big Move To Boost Consumer Spending Online

Wed, 07/16/2014 - 3:45pm

Ever try shopping on your smartphone and decide you don't want to put in your credit card number? Visa says it's a big problem and came up with a tool that combines improved security and convenience.

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Time Warner Rebuffs Rupert Murdoch's Big-Dollar Bid For Media Giant

Wed, 07/16/2014 - 3:06pm

Time Warner has rejected a buyout offer, reportedly as high as $80 billion, from Rupert Murdoch's 21st Century Fox. A deal between the two companies would create a media powerhouse — and a thicket of challenges for anti-trust regulators.

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Don't Fire The Comcast Guy, Says Caller Who Tried To Cancel

Wed, 07/16/2014 - 1:20pm

The man whose frustrating call to Comcast went viral says the customer service rep should not be fired. Ryan Block says the problem he encountered is far more systemic than one person.

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Move Over Hong Kong: The World's Priciest Cities Are In Angola And Chad

Wed, 07/16/2014 - 10:45am

A new survey of the most expensive cities in the world puts Luanda and N'djamena at the top. How did these African capitals beat our perennial top dollar towns like Hong Kong and Tokyo?

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Murdoch Says His Bid For Rival Time Warner Was Rejected

Wed, 07/16/2014 - 9:32am

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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Murdoch Confirms A Spurned Bid For Time Warner

Wed, 07/16/2014 - 7:54am

Rupert Murdoch's 21st Century Fox says that it sought to buy Time Warner last month, confirming reports of a deal with a price reported at $80 billion.

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EEOC Announces Tougher Rules Protecting Pregnant Workers

Wed, 07/16/2014 - 7:28am

Discrimination against female workers who might get pregnant in the future, or have been pregnant in the past, is against the law, the Equal Employment Opportunity Commission says.

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Students React To The Closure Of A Giant For-Profit College

Wed, 07/16/2014 - 7:21am

The for-profit college chain Corinthian Colleges is closing or selling most of its 107 campuses and online programs.

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Marvel Comics Rewrites Thor Into A Woman

Wed, 07/16/2014 - 4:02am

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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