Market slide deepens on downed jet and weak earnings
U S stocks fell after a Malaysia Airlines plane was shot down over eastern Ukraine amid geopolitical tension and disappointing earnings from SanDisk, AutoNation, Yum Brands, and Mattel. Home construction also slowed in June, keeping the recovery uneven as investors sought U S Treasuries and watched for further fallout.
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UnitedHealth Expands Role in Health Care Law Exchanges
UnitedHealth Group said it will participate in up to 24 of the health insurance exchanges in 2015, up from four this year, as the Affordable Care Act moves from questions to growth opportunities. The insurer also reported a 19 percent rise in Medicaid enrollment to about 4.7 million, driven by expansions under the law.
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Microsoft cuts 18000 jobs in historic layoff pivot
Microsoft announces the largest layoff in its 39 year history, 18000 positions shed including 12500 tied to the Nokia unit. CEO Satya Nadella aims to make the company more agile and shift away from hardware in a bid to focus on higher end devices and cloud services.
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All Pro Freight expands Elyria footprint with 118000 sq ft lease
All Pro Freight Systems Inc. leases 118000 square feet at the former Accutech Films site at 41740 Schadden Road on 10 acres for production and warehouse use. The Avon-area space supports expected volume growth from the Avon Lake Ford plant with Ford truck production slated for 2015. Brokers Mike Petrigan and Terry Coyne of Newmark Grubb Knight Frank arranged the deal.
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