Microsoft CEO Steve Ballmer made a surprise announcement today. He'll retire within the year after 13 years at the helm. Microsoft experienced strong growth under Ballmer. But as NPR's Laura Sydell reports, he's been a lightning rod for critics of the company and his announcement immediately drove up Microsoft's stock price.
Originally published on Fri August 23, 2013 4:27 pm
Each Friday we round up the big conversations in tech and culture during the week that was. We also revisit the work that appeared on this blog and highlight what we're reading from our fellow technology writers and observers at other organizations.
Originally published on Fri August 23, 2013 2:25 pm
Time Warner Cable has come up with an old-school solution for the CBS blackout: In an email to customers, the provider offered free antennas for subscribers who wish to watch CBS.
If you remember, Time Warner and CBS have been fighting over retransmission consent fees. The failure to reach an agreement means that for close to three weeks, Time Warner customers in some big markets have been unable to watch CBS through the cable company.
"In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most."
After decades supplying the American consumer with every import imaginable, Wal-Mart now says it wants to stock its shelves with more goods made in the U.S. In Orlando Thursday, the giant retailer sponsored a conference aimed at encouraging U.S. companies to bring their production back home.
The stock market revealed its vulnerability again on Thursday, in this age of high-speed electronic trading. The Nasdaq, where more than 3,000 tech-related companies are publicly traded, was shut down for more than three hours.
Mark Mercer, 54, has been standing in Philadelphia's financial district holding a sign that reads: "I don't want your change. I need a job." Dressed for the office in black shoes and a black suit, Mercer says he's handed out more than 100 resumes.
New questions are being raised about the reliability of U.S. financial markets after all trading in Nasdaq stocks was shut down for three hours on Thursday. Nasdaq blamed the problem on its system for quoting prices. The trading halt immediately led to calls for markets to make their software systems more robust and compatible.
Soaring sales figures suggests that the world has developed quite a taste for American whiskey. And to satisfy the masses, Jack Daniel's is expanding its distillery in the small city calls home, Lynchburg, Tennessee.
Blake Farmer from member station WPLN reports.
BLAKE FARMER, BYLINE: Last year, Jack Daniel's hit a sales record - 11 million cases of charcoal-mellowed, sour mash whiskey. But the nearly 150-year-old brand still only controls three percent of the global market, says senior vice president John Hayes.