Business Today: Microsoft to cut 18,000 jobs this year as it trims Nokia

		Click to View in Browser 07/17/2014 Microsoft to cut 18,000 jobs this year as it trims Nokia SEATTLE (Reuters) - Microsoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it trims its newly acquired Nokia phone business and reshapes itself into a cloud-computing and mobile-friendly software company. Morgan Stanley profit more than doubles, beating estimates (Reuters) - Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading. Jobless claims unexpectedly fall last week WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. U.S. housing starts, permits decline in June WASHINGTON (Reuters) - U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track Wall Street set for lower open after Russia sanctions NEW YORK (Reuters) - U.S. stocks were poised for a lower open on Thursday, in the wake of fresh U.S. and European Union sanctions on Russia and weaker-than-expected housing data. Exclusive: GM recalls some cars with problematic switches; judges others safe DETROIT (Reuters) - General Motors Co last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash. But the automaker has concluded that more than 2 million other vehicles having exactly the same switches are safe. LVMH and eBay settle litigation over fake goods PARIS (Reuters) - LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S. company's online auction website. Recalled Jeeps can be made safer by March, rather than by 2018: Chrysler DETROIT (Reuters) - Chrysler Group LLC told U.S. safety regulators it could add trailer hitches to recalled Jeep SUVs by March, much sooner than the several years estimated by regulators who had urged the automaker to quicken its pace for fixing the affected vehicles. Liberty Global buys stake in UK broadcaster ITV LONDON (Reuters) - U.S.-based cable group Liberty Global has bought BSkyB's 6.4 percent stake in ITV , Britain's biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid. GSK confirms it fired staff for corruption in China in 2001 LONDON (Reuters) - GlaxoSmithKline said it fired staff in China for bribing officials in 2001 in a case that predates wider allegations of corruption for the British drugmaker in the country by more than a decade. Related Video The Open 2014: Who'll win the Claret Jug? Breakingviews: Liberty's global ambition Economic News Jobless claims unexpectedly fall last week U.S. housing starts, permits decline in June A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend