The Senate has voted to reauthorize terrorism risk insurance, to help businesses stay solvent in the event of attacks. The bill faces a tougher road in the House, where some Republicans want to reduce the potential price tag for taxpayers.
Microsoft plans to eliminate as many as 18,000 jobs over the next year — about 14 percent of its global workforce. The cuts would be the largest in the company's history. Microsoft recently acquired Nokia's mobile phone business, which boosted its head count by 25,000 and most of the cuts will be in that area.