SEATTLE/WASHINGTON, Nov 12 (Reuters) – The United States on
Wednesday stepped up calls on European policymakers to do more
to avoid a “lost decade” of low growth, saying steps taken by
the European Central Bank may not be sufficient on their own.
U.S. Treasury Secretary Jack Lew gave an unusually blunt
assessment of what he thinks Europe needs to do, arguing that
France and Italy should rein in budget deficits more slowly and
that it was “critical” Germany and Netherlands open their fiscal
SEATTLE/SEOUL (Reuters) – Christian groups in North Korea are vowing to carry on their missionary work despite mounting risks since Korean-American activist Kenneth Bae was imprisoned two years ago.
North Korea and neighboring China have clamped down on the groups’ activities recently, and the organizations say that has forced them to become more secretive. Bae’s unexpected release has not changed that.
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) is embarking on its most aggressive expansion yet onto corporate turf, hiring a dedicated sales force to talk with potential clients like Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) and working in concert with a dozen or so developers, two sources familiar with its plans say.
Experts say the company hopes to offset a gradual deceleration in growth – highlighted by iPad sales that have declined three straight quarters – by expanding its footprint in the workplace.
TACOMA Washington (Reuters) – Two Americans freed from secretive North Korea returned home on Saturday after the surprise involvement of the top-ranking U.S. intelligence official who traveled to Pyongyang to secure their release.
Kenneth Bae and Matthew Todd Miller, who had been doing hard labor for months in North Korea, were accompanied on their journey home by Director of National Intelligence James Clapper, his office said. Their release comes less than three weeks after another American was freed by Pyongyang.
NEW YORK/SEATTLE (Reuters) – Billionaire investors in a small, Seattle-area company that aims to one day mine resources on asteroids have not been deterred by an unmanned rocket explosion that destroyed their test satellite, the company said on Wednesday.
Privately held Planetary Resources counts Google Inc Chief Executive and co-founder Larry Page and Chairman Eric Schmidt among its backers, along with Virgin Group founder Richard Branson, Ross Perot Jr., former Microsoft Corp executive Charles Simonyi and John Whitehead, the former chief executive of Goldman Sachs Group Inc.
SEATTLE, Oct 27 (Reuters) – Paul Allen’s sister, Jody, who
has managed the Microsoft Corp co-founder’s
multi-billion dollar philanthropy and investment efforts for
three decades, is taking an indefinite sabbatical, according to
an Allen spokeswoman.
“Vulcan CEO Jody Allen announced that she is taking a
sabbatical beginning today, Monday, October 27th,” said Vulcan
spokeswoman Alexa Rudin in an emailed statement. “During her
sabbatical, Jody’s direct reports will report to our president
and Chief Operating Officer Barbara Bennett, who joined Vulcan
SAN FRANCISCO/SEATTLE (Reuters) – Salesforce Inc is betting big on healthcare, hiring key personnel and ramping up investment in hopes of replacing outmoded medical industry infrastructure and carving out a $1 billion annual business.
Its push into healthcare follows years of attempts by rival software providers, including Microsoft Corp, to break into healthcare with everything from personal health records to hospital information systems. They have had mixed results.
SEATTLE (Reuters) – A high school student believed to have shot to death a classmate and wounded four others on Friday at his campus north of Seattle was a popular homecoming prince but appeared on social media as a heart broken and sometimes angry adolescent.
Police offered no motive for why Jaylen Fryberg, a freshman at Marysville-Pilchuck High School in Marysville, walked into his school cafeteria and shot his fellow students.
SEATTLE (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact.
The results on Thursday allayed fears of investors in recent days that the industry shift toward lower-margin cloud services was proving hard for established technology leaders to master.
SEATTLE (Reuters) – Microsoft Corp’s new Chief Executive Satya Nadella has become one the technology industry’s biggest earners, with a total compensation package worth $84.3 million this year, according to a document filed with securities regulators on Monday.
The outsize number is mostly made up of the estimated value of certain one-time stock awards given to Nadella, who became the company’s third CEO in February. Most of it Nadella cannot actually receive until 2019.