Business

3:02pm

Fri August 23, 2013
All Tech Considered

Three Tips For Microsoft's Next CEO

Originally published on Fri August 23, 2013 4:30 pm

Microsoft's next chief will face a host of challenges, including doing more to encourage innovation.
Kin Cheung AP

Speculation is already beginning about who will replace Steve Ballmer as CEO of Microsoft. The names being floated are as diverse as Stephen Elop, the head of Nokia, and Steven Sinofsky, who ran Windows.

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1:24pm

Fri August 23, 2013
The Two-Way

Drop In New Home Sales May Be Sign Higher Rates Are Biting

Originally published on Fri August 23, 2013 1:59 pm

The scene earlier this year at a home construction site in Phoenix.
Justin Sullivan Getty Images

Proving once again that when it comes to economic data there's almost always a "but" to watch out for:

The housing sector has been one of the economy's stars in recent months, as we said Thursday when the news broke that sales of existing homes rose an estimated 6.5 percent in July from June.

But ...

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1:00pm

Fri August 23, 2013
All Tech Considered

Tech Week That Was: National Security, Privacy And Ballmer

Originally published on Fri August 23, 2013 5:27 pm

Glenn Greenwald is the blogger and journalist who broke the story about widespread surveillance by the National Security Agency. His partner, David Miranda, was detained at London's Heathrow Airport earlier this week.
Sergio Moraes Reuters/Landov

Each Friday we round up the big conversations in tech and culture during the week that was. We also revisit the work that appeared on this blog and highlight what we're reading from our fellow technology writers and observers at other organizations.

ICYMI

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11:59am

Fri August 23, 2013
The Two-Way

Time Warner Offers Customers Free Antennas To Watch CBS

Originally published on Fri August 23, 2013 3:25 pm

The CBS headquarters seen on August 2, 2013 in New York City.
Andrew Burton Getty Images

Time Warner Cable has come up with an old-school solution for the CBS blackout: In an email to customers, the provider offered free antennas for subscribers who wish to watch CBS.

If you remember, Time Warner and CBS have been fighting over retransmission consent fees. The failure to reach an agreement means that for close to three weeks, Time Warner customers in some big markets have been unable to watch CBS through the cable company.

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9:47am

Fri August 23, 2013
Business

Microsoft CEO Steve Ballmer To Retire Within A Year

The company said Friday that Ballmer will stay on until his successor is found. He has been with the company for more than 30 years, and became CEO in 2000.

9:34am

Fri August 23, 2013
The Two-Way

Microsoft CEO Ballmer Retiring Within The Next Year

Originally published on Fri August 23, 2013 2:52 pm

Microsoft CEO Steve Ballmer speaks at the Microsoft "Build" conference in San Francisco in June.
Robert Galbraith Reuters/Landov

Steve Ballmer will retire as CEO at Microsoft within the next 12 months, the software giant announced Friday.

According to the company:

"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."

Ballmer says in the same statement that:

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4:21am

Fri August 23, 2013
Business

Technical Problems Force Nasdaq To Shut Down For 3 Hours

Originally published on Fri August 23, 2013 7:25 am

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.

4:21am

Fri August 23, 2013
Business

Unemployed Man Holds Sign In Philly: 'I Need A Job'

Originally published on Fri August 23, 2013 10:33 am

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.

4:21am

Fri August 23, 2013
Business

Nasdaq Glitch Is The Latest Technical Snafus For Markets

Originally published on Fri August 23, 2013 7:25 am

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.

4:21am

Fri August 23, 2013
Business

Jack Daniel's To Expand Tennessee Distillery

Originally published on Fri August 23, 2013 7:25 am

Transcript

DAVID GREENE, HOST:

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.

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