Articles by Joseph Boris

Sony To Cut 10,000 Jobs As Part Of New CEO's Overhaul

About half the cuts will come from two moves the Japanese electronics and entertainment giant already announced -- the sale of its chemical-products business and the spinoff of midsize liquid-crystal-display operations to a venture with rivals Toshiba Corp. and Hitachi Ltd.

Mali Rebels' Independence Claim Draws Swift Rebukes

On its website, the group representing Tuareg rebels cites atrocities and more than 50 years of bad governance as reasons for declaring independence from Mali, whose government was toppled in a March 22 coup.

7 Shot Dead At California College; Ex-Student Is Suspect

Police said the victims were six women and one man ranging in age from their 20s to 40s. Authorities confirmed the arrest of One Goh, a Korean native and naturalized U.S. citizen who is believed to have been a student at Oikos University.

US Stock Futures Signal Early Gains; ISM, Construction Data Eyed

Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.

US To Impose 1st Carbon Limits On Power Plants

The long-awaited rules -- subject to congressional approval -- would sharply limit the harmful emissions allowed from such plants built in the future while allowing existing coal plants to keep operating for years.

Romney's Puerto Rico Win Adds To Pressure On Santorum

The front-runner has so far amassed more delegates than his Republican rivals combined and is poised to win more Tuesday in Illinois, even if he loses the popular vote, Romney's campaign says. It's stepping up calls for Santorum to concede defeat and quit.

UPS To Acquire TNT Express For €5.16B In All-Cash Deal

UPS will pay €9.50 a share in cash for Europe's second-biggest express-delivery provider, up from a February bid of €9 a share and 54 percent above TNT shares' closing price on Feb. 16. The deal is the biggest in UPS's 105-year history.

Goldman Sachs CEO Fires Back At Disgruntled Banker

In a resignation letter published in the New York Times, Greg Smith said he was disgusted at how the Wall Street firm valued making money from clients over trying to help them. But Goldman and its chief executive said the ex-executive's criticisms weren't reflective of the firm.

Militants Attack Afghan Officials Mourning Slain Civilians

Tuesday's attack in Kandahar province came as student protesters in the eastern city of Jalalabad condemned the weekend killing of several civilians by a U.S. Army staff sergeant. The 38-year-old serviceman could face the death penalty if convicted, a top U.S. official said.

PepsiCo Shake-Up: Ex-Exec To Run Food Unit

The hiring of Wal-Mart's Brian Cornell to run the Americas food unit and promotion of longtime executive John Compton to the new post of president might be seen as attempts to find a successor to Chairman and CEO Indra Nooyi, who has been mentioned in media reports as a potential candidate for World Bank president.

China Signals Freer Yuan, More Flexible Monetary Policy

The closer the yuan is to an equilibrium, the bigger role market forces will play in the yuan exchange rate, PBOC Governor Zhou Xiaochuan said Monday. He said the central bank will allow and encourage market forces to play a bigger role while decreasing its intervention in the market in an orderly manner.

Super Tuesday: What Do Romney's 6 Wins Mean?

Capping victories in five other states Tuesday, Mitt Romney won Ohio's Republican primary, narrowly beating Rick Santorum. But with the win come questions about Romney's campaign strategy and the candidate's appeal.

Yahoo to Lay Off Thousands in Restructuring

The Internet company plans a major restructuring of operations that will likely include thousands of layoffs, reports said. CEO Scott Thompson could announce the changes as soon as the end of March.

Putin Wins in Landslide, But Foes Cry Fraud

Vladimir Putin, now prime minister, claimed a resounding victory with 64 percent of the vote in Russia's presidential election Sunday. He'll return to a third term as president, but opponents, citing alleged evidence of fraud, denounced the vote as illegitimate and vowed to continue their protests.

Russia to Review Case of Jailed Oil Tycoon Khodorkovsky

The former Yukos chief's lawyer says news that outgoing Russian President Dmitry Medvedev has told prosecutors to review the conviction may be simply a formal decision, not meaning anything, or it may be a signal from above that they have decided to close the Khodorkovsky and [Platon] Lebedev cases.

Citi Chairman Parsons to Resign From Board

Citigroup Chairman Richard Parsons will resign from his post and the banking giant's board, the Wall Street Journal reported Friday. Parson, who joined the board in 1996, has reportedly told fellow directors he won't stand for re-election at Cit's annual meeting in April.



North Carolina Urges US Supreme Court To Toss Major Elections Case

The U.S. Supreme Court should dismiss a major case from North Carolina that could give more power over federal elections to state politicians because the matter is being reconsidered by a lower court, North Carolina said in a filing on Monday, while the Republican lawmakers at the center of the dispute disagreed.

US House Republicans Launch Investigation Of Manhattan DA In Trump Probe

U.S. House of Representatives Republicans went on the offensive on Monday against a possible criminal indictment against Donald Trump, launching an investigation into the New York City prosecutor who is probing allegations that the former president paid hush money to a porn star ahead of the 2016 election.