Business

Microsoft to Cut 1000 Employees

CNBC said the fresh cuts would be in addition to those announced earlier. "The job reductions were spread across more than one business area and country and reflect adaptations to business needs", that company spokesman told me via an e-mailed statement.

Business

Skechers USA Earns Buy Rating from Analysts at BB&T Corp. (SKX)

Argus started coverage on Skechers USA in a report on Tuesday, October 13th. In the third quarter, Skechers said its sales rose 27% to $856.2 million, a new quarterly sales record for the company, but still fell short of the average analyst estimate of $877 million.

Business

Man on Aer Lingus flight runs 'amok,' bites passenger, then dies

A woman, understood to have been travelling with the deceased, has now been arrested on suspicion of drugs offences. "It's not something you'd hear everyday". According to reports , she is believed to have been accompanying the man who died. When another passenger attempted to restrain him he bit them on the arm before suffering an apparent seizure and collapsing, forcing the plane to divert to Cork airport.

Business

Port Authority Unanimously Approves $10 Billion Plan to Replace Bus Terminal

It is spending $90 million on short-term renovations that include new bathrooms, repairing ceilings leaks, stronger cell phone reception and electronic charging stations. It voted to hire a consultant to study future ridership projections. So far, the Port Authority is leaning toward a new structure between Ninth and Eleventh avenues, one block west of the current terminal, that would be connected with the subway.

Business

Sam Smith, Lorde Joining Disclosure For "SNL" Performances; Elizabeth Banks

Electronic duo Disclosure will serve as the musical act. Disclosure dropped their second album, " Caracal ", in September. The brothers Lawrence have partnered with Sam Smith for " Omen " and Lorde for " Magnets ", and they'll be joined by those very artists when they perform as Saturday Night Live's musical guest in November.

Business

Sirius XM raises 2015 revenue forecast on strong auto sales

The company's revenue was up 10.7% compared to the same quarter last year. During Thursday's Afternoon trade, Shares of Sirius XM Holdings Inc (NASDAQ:SIRI), inclined 2.43% to $4.01. Gabelli began coverage on Sirius XM Holdings in a research note on Friday, September 18th. Zacks lowered shares of Sirius XM Holdings from a "buy" rating to a "hold" rating in a research report on Tuesday, July 21st.