Microsoft to cut up to 18000 jobs amid Nokia overhaul
Microsoft will shed as many as 18000 positions this year, about 14 percent of its workforce, as it trims Nokia unit roles and pivots to cloud computing and mobile friendly software. Nadella aims for a leaner structure with fewer management layers ahead of July earnings.
MENTIONED IN THIS ARTICLE
Microsoft
Nokia
Nadella
Older Americans Carry Rising Share of Student Debt
More than 16 percent of the nearly 1.2 trillion dollars in U.S. student loan debt is held by people over 50 according to the New York Federal Reserve. Borrowers often took loans for children or retraining late in life, with some facing Social Security garnishments and retirement years of debt. Andrew Jones of Englewood, New Jersey, owes about five thousand dollars from loans taken in 1970 and now fears continued collection. Betsy Mayotte of American Student Assistance warns the problem will grow as wages stagnate and more parents take Parent Plus loans for their children. Storch worries about her father’s retirement while he battles the loan burden.
MENTIONED IN THIS ARTICLE
New York Federal Reserve Bank
Natalia Abrams
StudentDebtCrisis.org
Andrew Jones
Englewood
N.J
Jones
Yankton College
S.D
Federal Reserve
U.S
Betsy Mayotte
American Student Assistance
Rachel Storch
Rowan University
Glassboro
Storch
Rockwell Collins to build UK center of excellence in Reading
Rockwell Collins unveils a new three story Reading facility in England with 40 000 square feet of laboratories and 30 000 square feet of offices. The Cedar Rapids based avionics firm plans a 34 million dollar investment over 15 years to support advanced technology research and development for commercial and military customers in the UK and Europe.
MENTIONED IN THIS ARTICLE
Rockwell Collins
United Kingdom
Reading
England
Cedar Rapids
International and Service Solutions
U.K
Mahoney
Europe
Reading Center
Emery Place breaks ground for Robins assisted living complex
Emery Place a 40 apartment assisted living and memory care community in Robins begins construction. SherMar LLC will own the facility at 901 S Mentzer Rd with Senior Housing Management in Cedar Rapids handling operations and Rinderknecht Associates as contractor. The site will include restaurant style dining spa and gym plus a secured memory care unit for Alzheimer’s and related dementias. The facility aims to open next spring with 24 hour staffing a full time nurse and on site coordinators.
MENTIONED IN THIS ARTICLE
Emery Place
Robins
SherMar LLC
S. Mentzer Rd
Cedar Rapids
Iowa
Department of Inspections and Appeals
Alzheim
Rinderknecht Associates of
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Wall Street
Daniel Ives
FBR Capital Markets
Steve) Ballmer
Don Smith
The
Bergen Record
Rockwell
George C. Ford
the Gazette
George.ford
Sourcemedia.net
Robins Assisted Living
JPN Architects
Cedar Rapid
Senior Housing Management