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Wall Street Journal says computers hit by Chinese hackers too
The Wall Street Journal said Thursday its computers were hit by Chinese hackers, the latest US media organization citing an effort to spy on its journalists covering China. The Journal made the announcement a day after The New York Times said hackers, possibly connected to China’s military, had infiltrated its…
‘Restructuring’ Bank of America to cut 16,000 jobs: report
Bank of America plans to cut 16,000 jobs as part of a major restructuring plan by the end of 2012, when it would no longer be the largest US banking employer, the Wall Street Journal reported Thursday. The cuts will take the banking giant’s total employment to 260,000, the Journal…
Pentagon plans missile defense station in Qatar
The Pentagon is building a missile defense radar station at a covert location in Qatar, The Wall Street Journal reported Tuesday. The site will be part of a system intended to defend the interests of the United States and its allies against Iranian rockets, unnamed US officials told the newspaper.…
Apple preparing to launch smaller tablet
Apple is preparing to launch a smaller tablet computer in the coming months in a bid to maintain its edge in an increasingly crowded market, the Wall Street Journal reported Thursday. The Journal cited unnamed sources as saying that component parts manufacturers had been ordered to gear up for mass…
Obama to propose cut to corporate tax rate
The White House on Wednesday will announce plans for a corporate tax overhaul that would reduce the overall rate while increasing revenues by eliminating loopholes and subsidies, US media reported. The New York Times and the Wall Street Journal said the plan would reduce the overall rate from 35 percent to 28 percent…
Faster, GM! Build, Build!
Shorter Wall Street Journal: since seven of the top ten autos sold in the US are sedans, and five of those ten are Japanese-made, US automakers should make trucks and BMW-style luxury cars. And disband unions. In fact, if we look at the top 20 cars sold through June, the…
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