Blackberry, the once dominant smartphone maker, will cut up to 40% of its workforce by the end of the year, the Wall Street Journal reports.
The company employed 12,700 people as of March, already down from 17,000 employees two years ago, back when its iconic phones represented 14% of the smartphone market. Blackberry now has less …
In one of the most anticipated announcements in months, the Federal Reserve’s Federal Open Market Committee declared that it would maintain its policy of buying $85 billion in government debt and mortgage backed securities per month, despite expectations that it would begin to taper these purchases in response to an improving …
On Sept. 18, search giant Google revealed Calico, a new company it would launch to tackle some of humanity’s most difficult problems, namely aging. The health care company will focus on long-term bets that can significantly …
Humans have aspired to immortality since, well, forever. Google’s push into the science of aging is the latest effort at significantly extending our lifespan. Its new company, called Calico, is likely the most serious such …
Levinson will become CEO of Google-backed Calico while also serving as chairman of Apple’s board of directors
Bold project, to be led by biotech pioneer Arthur Levinson, will tackle’s some of health care’s biggest problems
Google’s Mountain View, Calif. headquarters is as diverse—and sometimes bizarre—as the company’s many innovative projects.
Walgreens is the latest major employer to rewrite its health care program in a drive to limit rising costs by taking advantage of new federal regulations, the Wall Street Journal reports.
The largest drug retail chain in the United States said Wednesday that it will provide payments to roughly 160,000 employees to shop for their own …
Housing starts rose 0.9 percent in August
U.S. corporations will have to disclose how their CEO’s pay compares to that of their average worker under a proposal to be unveiled Wednesday by the SEC, Reuters reports.
Unions and labor advocates say the disclosures will help investors decide whether a company’s compensation model is too top-heavy for their liking. But many …
New home prices in China rise to highest levels this year to test government cooling measures
The Federal Reserve concludes a meeting of the Federal Open Market Committee later today, and markets are anxiously awaiting what the committee will decide with regards to the central bank’s monthly purchases of $85 billion in …
