"In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most."
The stock market revealed its vulnerability again on Thursday, in this age of high-speed electronic trading. The Nasdaq, where more than 3,000 tech-related companies are publicly traded, was shut down for more than three hours.
Mark Mercer, 54, has been standing in Philadelphia's financial district holding a sign that reads: "I don't want your change. I need a job." Dressed for the office in black shoes and a black suit, Mercer says he's handed out more than 100 resumes.
New questions are being raised about the reliability of U.S. financial markets after all trading in Nasdaq stocks was shut down for three hours on Thursday. Nasdaq blamed the problem on its system for quoting prices. The trading halt immediately led to calls for markets to make their software systems more robust and compatible.
Soaring sales figures suggests that the world has developed quite a taste for American whiskey. And to satisfy the masses, Jack Daniel's is expanding its distillery in the small city calls home, Lynchburg, Tennessee.
Blake Farmer from member station WPLN reports.
BLAKE FARMER, BYLINE: Last year, Jack Daniel's hit a sales record - 11 million cases of charcoal-mellowed, sour mash whiskey. But the nearly 150-year-old brand still only controls three percent of the global market, says senior vice president John Hayes.
After decades supplying the American consumer with every import imaginable, Wal-Mart now says it wants to stock its shelves with more goods made in the U.S. In Orlando Thursday, the giant retailer sponsored a conference aimed at encouraging U.S. companies to bring their production back home.
Trading on the Nasdaq exchange was halted today due to an unspecified technical glitch. The shutdown rattled investors and raised fresh concerns about the safety and stability of financial markets. Nasdaq in particular has experienced technological mishaps, most notably during the Facebook IPO in 2012.
"Remain aggressive." That's the message Attorney General Eric Holder says he has given to prosecutors around the country about pursuing wrongdoing by financial institutions — particularly, wrongdoing related to the financial crisis of 2008.
But as the five-year anniversary of the crisis approaches, the record of prosecutions against high-level Wall Street executives has been dismal.
Detroit's abandoned Packard car plant, seen here in a 2010 photo, could eventually sell for $21,000 if a development deal falls through, a Wayne County official says.
Credit Carlos Osorio / AP
The Packard plant, which once symbolized the might of America's auto industry, is at risk of heading to auction if a pending development deal fails. If that happens, The Detroit Free Press reports, the 35-acre site eventually could be sold "for as little as $21,000," a figure that comes from Wayne County Deputy Treasurer David Szymanski.