U S job openings and hiring hit five year highs
September saw job postings rise to 3.9 million and total hiring reach 4.6 million, the strongest since 2008. The data show growing movement in the labor market with rising quits indicating confidence, while unemployment remains 7.3 percent. Fed officials Bernanke and Yellen cite hiring gains as a key sign of improvement.
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Critics say Microsoft should spin off Xbox for cloud focus
Critics argue Xbox distracts from cloud computing growth and mobile efforts as Microsoft sells its next Xbox. Proponents note profitability and a large audience with Xbox Live, while detractors warn a spin off could boost profits but risk losing a flagship brand.
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Microsoft
Los Angeles
Bill Gates
Xbox
Cleveland Port Signs Pact With Dutch Shipper
Cleveland's port agency approved an agreement with the Dutch firm Spliethoff Group to run regular container cargo between Lake Erie and Europe. Service starts when the Saint Lawrence Seaway reopens in spring, with monthly calls to Cleveland and Europe. The port will lease ships, cover fuel, and aims for break-even by season end.
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Spliethoff Group
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Bart Peters
Spliethoff
the Plain Dealer
Midwest
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