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3 Seattle utility workers hurt; power cut to nearly 10,000

2015-07-09 08:00:06| Energy - Topix.net

Seattle City Light says three of its employees were injured as they tried to install a ground rod at a Seattle substation. Seattle Fire Department spokesman Kyle Moore says one man in his 50s tumbled 20 feet and suffered a concussion, a 63-year-old man suffered thermal burns and a man in his 20s was cut and bruised.

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Microsoft to cut 7,800 jobs, takes $US7.6b writedown on Nokia

2015-07-09 00:01:52| Telecom - Topix.net

'Tough choices have to be made': Buried deep in Microsoft chief executive Satya Nadella's 1,500-word email to staff last week was a warning. Microsoft plans to cut as many as 7,800 jobs and write down about $US7.6 billion on its Nokia phone-handset unit, wiping out nearly the entire value of a business that failed to gain market share since it was acquired last year.

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Buy-to-let tax break to be cut

2015-07-08 18:40:22| BBC News | Business | UK Edition

Buy-to-let landlords face cuts in the amount of tax relief they can claim on mortgage interest payments, the government has said.

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Microsoft to cut 7,800 more jobs

2015-07-08 17:31:10| BBC News | Business | UK Edition

Microsoft cuts 7,800 jobs and takes a $7.6bn writedown as it reorganises its mobile phone unit following last year's purchase of Nokia's business.

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Microsoft to cut 7,800 jobs at mobile phone business

2015-07-08 16:27:00| Telecompaper Headlines

(Telecompaper) Microsoft has confirmed plans to cut up to 7,800 jobs, mainly at its mobile phone business. In addition, the company will take an impairment charge of USD 7.6 billion to write down the value of the phone business acquired from Nokia last year. The restructuring is expected to cost another USD 750-850 million. Microsoft CEO Satya Nadella said in an email to staff that the restructuring is aimed at better integrating the phone business in the Windows ecosystem, rather than a standalone device operation. "In the near-term, we'll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility," he said, suggesting the company will scale back further the range of phones available. Microsoft said most of the restructuring should be completed by the end of the calendar year and the operation fully completed by the end of the company's fiscal year. This is the second major round of job cuts at Microsoft since it acquired the Nokia business. In July last year, the company announced the elimination of in total 18,000 positions. 

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