NYSE halts trading as IT systems go down… but it’s no cyberattack

Trading on the New York Stock Exchange halted for over three hours Wednesday due to unspecified computer problems. The exchange quickly ruled out a cyberattack, which means there are likely to be red faces in the NYSE IT department when the cause is uncovered.

Microsoft lays off 7,800 staff as it dials down its smartphone ambitions

A little over a year after buying Nokia’s smartphone division, Microsoft is laying off all but one-sixth of the division’s staff, and writing off $7.6 billion, almost all of its purchase price. CEO Satya Nadella reportedly never liked the acquisition, set in motion by his predecessor Steve Ballmer, and now plans to slim down the bewildering array of Lumia phones the company makes, more tightly integrating them with Windows 10.

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