Microsoft cuts 3,000 jobs, rounding out July plan
Microsoft Corp (MSFT.O) said on Wednesday it cut about 3,000 jobs, effectively completing its plan to reduce its workforce by 18,000, or 14 percent of total staff, announced in July.
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A group of funds that threw a monkey wrench in Bank of America Corp's (BAC.N) proposed $8.5 billion settlement with investors in mortgage-backed securities will object to JPMorgan Chase & Co's $4.5 billion offer to settle claims over similar investments, according to the lawyer that represents them.
U.S. law firm Gardy & Notis, a shareholder rights advocate, said on Wednesday it was investigating AbbVie (ABBV.N) and its officers over statements made in connection with the drugmaker's failed move to buy Dublin-based Shire (SHP.L).
The ridesharing company Uber gained ground in Las Vegas Wednesday when a District Court judge ruled against a restraining order that would have temporarily prohibited it from operating in Clark County, the Las Vegas Review-Journal reported.
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